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...
believe continued decline declines deep expect fifth helped january marked marketing microsoft month rate releases return sales sell software worse
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.
believe major purchases recent slow weakness
We believe that Midway's recent share-price weakness is more attributable to a slow down in purchases by its major shareholder than to a downturn in its business.
bucks club happen health month months pay realize worth
... 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 ,
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.
battle content entertainment fixated group large money paying people possible press privilege putting sony studios video
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.
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.
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.
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.
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.
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.