Michael Pachter
Michael Pachter
Michael Pachter is a video game, social media, digital media and electronics analyst with Wedbush Securities. He is also the Head of Research for the Private Shares Group, a Wedbush division which focuses on companies which have not yet gone public such as Facebookand Twitter. Pachter has an MBA & two law degrees. Pachter worked for 16 years at Arco where he was Arco's director of strategic planning until mid-1998...
atari cheap either group investors mistakenly small thrive
Take-Two is cheap and Atari is really cheap. Investors mistakenly look at the group as either being big and going to thrive or small and going to go broke.
Take-Two has always been a 'trust us' story. We think that Take-Two has become a 'show me' story.
analogy buy limit pc reason success
It will limit the success if they're not materially better than the current-generation games. The analogy is, do you buy a new PC if you don't have a reason to? You just don't do it.
build business clearly
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.
components conference held lined press
They wouldn't have held a press conference if they didn't have all the components lined up already.
competing competition everybody needs sony understand
What everybody needs to understand is Sony is not competing with Microsoft. Sony's competition is with Toshiba.
dramatic expect growth modest november
We expect modest growth in November and dramatic growth in December,
bunch cut cuts publishers reflect
EA has a bunch of underperforming games, and I think that the cuts reflect that. Other publishers will cut underperformers as well.
decline dramatic expected holidays months none sales six
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.
abysmal box job managing marketing supply
It's killing the market. They did a masterful job of marketing the box and an abysmal job of managing the supply chain.
million number production ramp start zero
The number of units is a manufacturing constraint. You can't start production from zero and ramp to a million a week.
number
The number of units is a manufacturing constraint,
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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.
happening
There are many, many things that are happening that are not normal.