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...
components conference held lined press
They wouldn't have held a press conference if they didn't have all the components lined up already.
dramatic expect growth modest november
We expect modest growth in November and dramatic growth in December,
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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.
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.
believe choose compared console costs cut discount dramatic expect forecasts generation hardware higher itself last later lift lower million model next november price production reducing respond sales smaller software sony time xbox year
We expect a price cut for the PS2 later this year. We believe that Sony will respond to Microsoft's introduction of its next generation console with a cut from $149 to $99 some time before the November 22 Xbox 360 launch, ... We think that Sony has positioned itself to lower price by reducing the production costs of its console when it redesigned the box to a smaller format... Should Sony choose to discount the PS2 to $129 or even $99, we would expect a dramatic lift in PS2 hardware sales, and a corresponding lift in PS2 software sales. Our model forecasts that Sony PS2 hardware sales will be 1.8 million units higher this year compared to last year.
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... like the health club model, after you pay your 30 bucks a month for 3 or 4 months and you only go once a week, you realize it's not worth it and you split. That's what will happen with Warcraft ,
believe expect november rebound recent sales weakness
We do not believe that recent weakness will persist, and expect a sales rebound in November and December.
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Most of the press are fixated on video games. They think Sony is only in a battle with Microsoft. Sony is in a battle to make as much money as possible for the privilege of putting entertainment content in a Sony format. They already have a large group of people paying them for video games. They want a large group of studios paying them for movies.
among consumers continued given persist sales slow xbox
Given continued uncertainty among consumers about the availability of Xbox 360 units, we think that slow sales may persist in December.
came
I don't know where he came up with 20 million,
box close content either harnessing next pc power processing several skeptical using word
I am skeptical that we are going to see content that even comes close to harnessing the power of either box for the next several years. It's like using a 3.2 gigahertz PC or a 3.4 gigahertz PC for word processing -- it's not going to make much of a difference.
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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.
added number reason
One reason they didn't make my number was because they added so much to the reserves.
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My guess is they want to sell high- definition discs. You want to get the high-definition monitor owners drooling. It's clever marketing.