DELL TTWO
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Another Take Two Scandal, or Just Another Wall Street
Scandal? -09/15/09 at
11:14 AM CDTby Perry
Rod
An unusual event occurred at 4:01 PM on
September 1st, 2009 as video game investors were staring intently
at their Dow Jones Newswire streamers. Take Two Interactive
(TTWO) was to announce earnings on that day and news hit the
streamer, “Take-Two Swings To 3Q Loss; Co Cautious On FY
Outlook.” Opening up the report revealed an
exten...
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TTWO ERTS ATVI
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Take Two Interactive Burns Through 300 Million
Cash -09/02/09 at 12:10
PM CDTby Perry Rod
It was just one year ago that Take Two (TTWO)
Interactive Software Inc. announced that it had accumulated 339
million dollars in cash from the success of Grand Theft Auto
4. They had no debt. Today, just twelve months later, they
have managed to burn through almost all of that cash. With a
recent 5 million dollar cash settlement and 138 millio...
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ATVI GME TTWO ERTS
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Xbox 360 Pricecut Welcomed By Interactive Entertainment:
Activision, ... -08/24/09 at 8:36 AM CDTby Perry Rod
At the GamesCom conference last week, eyebrows
were raised when Microsoft did not announce a pricecut of the 360
after Sony announced their PlayStation 3 console's drop to $299.
Over the weekend, however, a Wal Mart (WMT) advertisement
distributed by video game website Kotaku and also another regional
chain advertisement appear to confirm the coming of a ...
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XOM JNJ F C SIRI
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Retail Investors Outperforming Professionals With Citigroup, Ford,
an... -08/21/09 at
11:14 AM CDTby Peter
York
In today's market, it's not the professionals
who are celebrating as much as the retail investors. Consider
three stocks that seem to show up in retail portfolios everywhere:
Citigroup Inc. (C), Ford Motor Company (F), and Sirius XM Radio Inc
(SIRI). Institutional ownership in these stocks are well
under 50% which suggests a significant retail...
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TTWO ERTS ATVI GME COOL
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Sony PS3 Pricecut, Welcome News for Activision, Electronic Arts,
Game... -08/18/09 at
12:57 PM CDTby Perry
Rod
There is a universal sigh of relief in the
interactive entertainment industry today as Sony has just announced
at the end of their Gamescon 2009 presentation that the new
PlayStation 3 Slim will now be $299 (299 euros, 29980 yen).
That will also be the new price for all PlayStation 3's for sale on
the market starting tomorrow, August 19, 2009. Kotak...
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TTWO ERTS
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Electronic Arts CFO Says EA No Longer Interested in Take Two
Interactive -08/11/09
at 3:18 PM CDTby Perry
Rod
In response to a question at the Pacific Crest
Technology Leadership Forum in Vail, Colorado earlier today,
Electronic Arts (ERTS) Chief Financial Officer Eric Brown offered
EA's most definitive statement yet on a possible deal between Take
Two (TTWO) Interactive Inc. and EA. "That's a deal whose timeframe
has, you know, come and long gone. And so we're j...
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TTWO ERTS ATVI GME
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Summer Meltdown For The Video Game Industry
-07/30/09 at 8:18 AM
CDTby Perry Rod
Sony and Nintendo reported disappointing numbers
in Japan overnight. Nintendo Wii sales dropped 57% year over year
from 5.17 million to 2.23 million units worldwide. Sales of
PlayStation 3 dropped 31% year over year from 1.6 million to 1.1
million units worldwide. PS3 software sales were down 35% in
that same period. The PlayStation Port...
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TTWO ERTS
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No Regrets, No Responsibility: Strauss Zelnick, Take Two
Interactive'... -07/20/09 at 11:03 AM CDTby Perry Rod
“I don’t engage in regrets,”
he said in an interview with CNBC last month. It was a revealing
statement by the chairman of Take Two Interactive, Inc. (TTWO). A
humble man may have had some regrets, given the dramatic fall of
the company’s stock. But humility is almost certainly
not a quality requirement for one who engages in...
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GME
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As Game Group PLC Struggles, Gamestop Shares Feel The
Heat -07/02/09 at 3:20
PM CDTby Mahyar Hashemi
Shares of Game Group fell 13.4% in London
trading as preliminary earnings results for the first half of the
year failed to meet market expectations. "Our sales performance to
date, together with our gross margin increases and continued cost
focus, means that we expect to deliver first half profits before
tax and non-recurring costs in line with plan at be...
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GME
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Nerd Investors And Gaming Dorks Join Forces To Proclaim The End of
Ga... -06/21/09 at 8:17
PM CDTby Perry Rod
If you're a person who makes a living making
money in the finance world, I would think you're probably a totally
"cool" guy. You're the life of a party, amazingly handsome,
and with the most seductive personality. After all, isn't
that what makes for a great financial analyst? You're probably a
lot like cool video game industry writers who, t...
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NFLX BBY BBI TTWO ERTS
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THQ Inc. Sells Over 1 Million UFC Undisputed Copies In First
Month -06/11/09 at 6:40
PM CDTby Mahyar Hashemi
According to research group NPD, UFC Undisputed
moved just over a million copies in its first twelve days on the
shelf in North America. That may explain why THQ stock is up
64% since its release date. Analysts were expecting much
fewer first month sales. Wedbush Morgan senior analyst
Michael Pachter had predicted 400,000 copies to sell ...
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GME
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Digital Downloads Make For Great Stories About GameStop, But Little
S... -06/11/09 at 12:34
PM CDTby Mahyar Hashemi
Gamestop Inc. (GME) stock has seen a valuation
plunge in recent months. Strong earnings and consistent
growth do not have everybody convinced. It's due to the most
idealized repeated story about the video game industry today.
In ten years, they say, half of all video games will be downloaded.
What? Based on what, exactly? The PC download...
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