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...
appears capacity greater later microsoft next optimistic recent remedy result unit
We are optimistic that Microsoft will remedy the supply-demand imbalance in the U.S. in the next two months, as it appears that recent manufacturing capacity will result in greater unit availability later this month.
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.
business close cushion edge giving hesitate plays themselves trip weather
I think they are very close to the edge with the banks. If the business plays out the way I think it will play out, they won't trip the covenants. I think they are not giving themselves enough cushion to weather a downturn and it makes me hesitate in recommending the stock.
christmas november
I think they are being appropriately conservative about Christmas because it's November 1.
guys industry likely manipulate potential practices trying understand
I think the SEC is very likely trying to understand what industry practices are and see if these guys have the potential to manipulate earnings.
appreciate grow guys needs question somebody sure
I'm not sure that I appreciate why somebody needs an avatar. The question for these guys is, what do they want to be when they grow 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.
gives retailers
The retailers gives us all products. We need retail.
games next side xbox
I want to see the games side by side. I want to see Madden for the Xbox 360 next to Madden for the PlayStation 3.
last million sell
In the U.S. they'll sell out at 1.5 million right away. They won't last a week.
buzz continue europe eventually four frankly games grow imaginary maybe million online outlet people work
I don't think there are four million people in the world who really want to play online games every month. World of Warcraft is such an exception. I frankly think it's the buzz factor, and eventually it will come back to the mean, maybe a million subscribers. It may continue to grow in China, but not in Europe or the U.S. We don't need the imaginary outlet to feel a sense of accomplishment here. It just doesn't work in the U.S. It just doesn't make any sense.
fact waiting year
I'm not impressed. The fact is that they pretty much told you that you're waiting for another year to get paid.
decision earlier
The earlier movers aren't making a decision between the two.
along company continues expect generating invest large losses throughout
The company continues to invest in its future, generating large losses along the way, and we expect this to continue throughout 2006.