We think that the decline in overall sales of current-generation software in December indicates the beginning of a trend that will persist well into 2006, and we anticipate double-digit declines in current-generation software sales for the first half of 2006.
More Quotes from Michael Pachter:
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,Michael Pachter
They can manage in a down-3 percent market because they've done it for years, ... That just means mom-and-pop stores are going to disappear.
Michael Pachter
There are 5 million people who really believe they are getting an Xbox 360 relatively soon, by February. Microsoft has shipped 500,000 units, so 4.5 million people are doing nothing. That's enough to just kill Christmas.
Michael Pachter
Although Midway continues to generate large losses, we continue to believe that Midway is a potential turnaround story. The company's cost structure suggests that it can achieve profitability at revenue levels of 300 million annually, and we remain confident that Midway will be able to generate revenues at the 300 - 800 million level over the next several years. However, to achieve this level of revenues, the company must continue to expend resources on growing its development capability.
Michael Pachter
I'm surprise that the navet of the NFL and its players, ... By giving a five-year license and giving EA an exclusive, they're going to eliminate all of the competition. So in five years, the license fee is going to be whatever EA decides it wants to pay.
Michael Pachter
It appears that 2006 is following a similar pattern to 2000, when the last console transition began. Consumers have slowed purchases of current generation console software while waiting for the opportunity to purchase an incredible next-generation console, the Xbox 360, and its associated software.
Michael Pachter
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