Can someone please tell me how a video game company, or any company, generates sales of $1.65 billion dollars, has a wonder hit known as FIFA 09′ which has almost sold 8 million copies - but loses $641 million dollars for the quarter? Don’t you think, if you were the CEO of a company, [...]
There is too much focus on the fact that the PS3 is lagging behind the Xbox360 and the Wii in total console sales. I understand that Sony dominated the console sales last time around and being in 3rd place could be a cause for alarm, but there is a whole side to the picture [...]
_Activision Blizzard or Take Two Interactive. We all know that a new Call of Duty will be coming out AND a new Guitar Hero. Activision will also release a Tony Hawk that you can play without a controller, Wolfenstein, Wolverine, Transformers and James Bond among others. Take Two will release Grand [...]
_After a horrendous year for Midway - a year which saw the stock price peak at around 2.90 but only to drop 350% in value; the controlling shareholder Sumner Redstone sell 87% of his investment to a no-name private investor for $100,000; the company lay off 25% of their staff and shut down [...]
_Last January, Take Two Interactive started the year around $18 per share only to drop to the high 13’s by the end of the month. Many investors, hoping this was a bottom of the price of the stock, took this as an opportunity to buy more shares in anticipation of the late April release [...]