Quotations
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Michael Pachter Quotes
«Nothing fundamentally drove [the stock] up, and nothing fundamentally drove it down. It's Redstone.»
Author: Michael Pachter
«EA has a bunch of underperforming games, and I think that the cuts reflect that. Other publishers will cut underperformers as well.»
Author: Michael Pachter
«EA has a bunch of underperforming games, and I think that the cuts reflect that.»
Author: Michael Pachter
«We believe that January sales may have been even worse had Microsoft continued its marketing push, and believe that sell through was helped in part by deep discounting of new releases during the month. January marked the fifth consecutive month of software sales decline, and we expect a return to double-digit sales declines in February, with an accelerating rate of decline in March.»
Author: Michael Pachter
«We believe that speculation about a potential leveraged buyout is unfounded. If anything, Take-Two's disclosure that it may require additional capital to fund next generation game development suggests to us that it is not an LBO candidate.»
Author: Michael Pachter
«What everybody needs to understand is Sony is not competing with Microsoft. Sony's competition is with Toshiba.»
Author: Michael Pachter
«I think [selling studios] is not the right move. The first thing the company should do is shut down everything in Europe. Bruno (Bonnell) is out to lunch. ... The guys in the U.S. make games. The guys in Europe just sell them.»
Author: Michael Pachter
«Nobody comes in to bid on that. They wait for the body to stop twitching, then swoop down and pick the meat off the carcass.»
Author: Michael Pachter
«The company continues to invest in its future, generating large losses along the way, and we expect this to continue throughout 2006.»
Author: Michael Pachter
«Although Midway continues [to] generate large losses, we continue to believe that Midway is a potential turnaround story. The company's cost structure suggests that it can achieve profitability at revenue levels of $300 million annually, and we remain confident that Midway will be able to generate revenues at the $300 - 800 million level over the next several years. However, to achieve this level of revenues, the company must continue to expend resources on growing its development capability.»
Author: Michael Pachter