GameStop CEO Dan DeMatteo has responded to the launch of internet mega-retailer Amazon's used game trade-in program. In an interview with Edge Online, DeMatteo placed the probability of Amazon's success with the program squarely at zero.
Continue reading...Thursday, December 18, 2008
When the world at large believes your product is vaporware, your company has never made a cent and your former chairman has been indicted by the Securities and Exchange Commission for promulgating a pump and dump scheme, it's going to be difficult to convince them that you're on the level. Especially when your company pays its [...]
Continue reading...Monday, December 1, 2008
For a mere $100,000 (about a seventh of the median cost of a single-family home here in San Francisco), private investor Mark Thomas has just acquired 87% of the shares of Midway Games. The controlling stake was previously the property of media mogul Sumner Redstone's deeply indebted holding company National Amusements.
Continue reading...Tuesday, November 4, 2008
Following a reported $310 million dollar loss and the adoption of a "cost reduction plan" that laid off nearly 600 employees, Electronic Arts CEO John Riccitiello told investors Thursday that while caution would be prudent in the short-term, he was bullish about EA over the long haul. "We're not saying the sky is falling," said Riccitiello. [...]
Continue reading...Friday, May 9, 2008
This morning, the Associated Press reported that Activision's stock today hit an all-time high of $30.15 and was trading at $29.71 at the time of publication, a 7.3 percent increase. But you might not want to write down that all-time high quite yet -- ATVI just closed at $31.39. Why the sudden jump? Perhaps because [...]
Continue reading...Friday, May 9, 2008
Atari, Inc., just announced that it received notice from The Nasdaq Stock Market that it is delisting Atari from the exchange as of May 9, 2008. For those playing at home, that's today. So any of you who had all of your money invested in Atari are probably crying salty tears, but I highly doubt [...]
Continue reading...Monday, March 3, 2008
As concerns over the subprime market crisis have spread deeper into international markets, the value of the American dollar has swooned. According to a report at Bloomberg, the weakness of the dollar is having an effect on Japanese companies who rely on exports to the U.S. for revenue. Despite the overall vitality of Nintendo, their [...]
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Thursday, March 5, 2009
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