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...
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?
competing competition everybody needs sony understand
What everybody needs to understand is Sony is not competing with Microsoft. Sony's competition is with Toshiba.
bigger cheap content deal discount game guts hidden nobody people sexual stock
Nobody at Take-Two will have the guts to put any hidden sexual content in any game so people are making a bigger deal out of this than is there, ... At the end of the day, the stock is really cheap and the discount makes no sense.
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.
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.
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.
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.
bad blackjack busted hand instead money perfect played quarter risky
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.