Why THQ Inc. (THQI) is Unlikely To Be A Buyout Target And Why dealRep... -09/22/09 at 11:49 AM CDTby Perry Rod

Take Two (TTWO) Interactive, a company with a major video game sports division, received a buyout offer last year from video game sports giant Electronic Arts (ERTS) before the market storm.  Today, there is a rumor that THQ (THQI), whose list of internal intellectual property is small and comparatively unimpressive in terms of sales volume, is recei...

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...

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 ...

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...

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...

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...

THQ Talks Up Darksiders and Red Faction 2, But Talk is Cheap For This... -07/28/09 at 7:15 PM CDTby Perry Rod

THQ announced today that they made .09 non-GAAP earnings from what looked to be a spectacular quarter, which included UFC Undisputed, Red Faction and considerable cost reductions.  Now they are talking about making only around 90 million in revenues in the second quarter and somewhere in the ballpark of -.50 earnings.  That'll make it around -.4...

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...

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 ...

THQ Inc. and Take Two Interactive - A Similar Value? -06/10/09 at 11:22 AM CDTby Perry Rod

According to recent trading, video game companies THQ Inc (THQI). and Take Two (TTWO) Interactive Software, Inc. have a nearly identical market capitalization value.  THQ stock has nearly tripled in the last three months on word of solid sales of their new games, UFC Undisputed and Red Faction Guerilla.  But do these companies really deserve sim...

THQ Ships Two Million Copies of UFC Undisputed -06/03/09 at 8:13 AM CDTby Mahyar Hashemi

In a special message to investors, THQ Inc. (THQI) CEO Brian Farrell announced that the new mixed martial arts title, UFC Undisputed, has shipped over two million copies worldwide.  He added that he is, "very pleased with the sell through" of those copies.  The game released in North America on May 19th. On their May 7th conference call, Farrell...