Quotations
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Michael Pachter Quotes
«The lack of specific guidance reflects that these guys weren't really prepared for a downturn and they are not really sure how bad it is, how long it will last, or whether it will persist beyond the first couple quarters of '06.»
Author: Michael Pachter
«It's like a shifting of loan repayment responsibility, collateralized by Midway shares.»
Author: Michael Pachter
«We believe that industry sales have been quite weak since Take-Two's late October negative preannouncement, primarily due to consumer malaise and a shortage of Xbox 360 hardware... Given weak November NPD sales and Electronic Arts' and Activision's recent earnings warnings, we believe that Take-Two likely experienced weak sales during the holiday period, as consumers continue to shun current generation games while waiting for next generation consoles.»
Author: Michael Pachter
«We believe that Midway's recent share-price weakness is more attributable to a slow down in purchases by its major shareholder than to a downturn in its business.»
Author: Michael Pachter
«It was a perfect storm. One could say it was a bad strategy; I would say instead of bad it was a very risky strategy. Essentially, they played blackjack and put a quarter of their money on each hand and busted every time.»
Author: Michael Pachter
«They clearly aren't in the big leagues. They're back in the minors now and we'll see if they can build the business back up.»
Author: Michael Pachter
«Microsoft's first-mover advantage is eroding if it takes them very long to get the first 5 million boxes out. If 4 million show up in the month of June and Sony launches in the month of June, there's not much of an advantage (for Microsoft).»
Author: Michael Pachter
«One reason they didn't make my number was because they added so much to the reserves.»
Author: Michael Pachter
«The year's a mess. None of us thought six months ago the holidays would be so weak, and no one expected there'd be such a dramatic decline in sales for the current-generation of games.»
Author: Michael Pachter
«They need a capital infusion to grow.»
Author: Michael Pachter