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...

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 Unloads a Powerful Punch at E3 -06/09/09 at 3:04 PM CDTby Mahyar Hashemi

Since the start of the E3 Expo in Los Angeles just five business days ago, THQ Inc. stock has soared nearly 27% as of midday trading today. Investors must have been impressed.  THQ showed off Darksiders, Homefront and Warhammer, along with current releases Red Faction and UFC Undisputed.  THQ stock had hit a low of $2.23 this year as a...