I think they are being appropriately conservative about Christmas because it's November 1.
More Quotes from Michael Pachter:
The earlier movers aren't making a decision between the two.Michael Pachter
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.
Michael Pachter
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.
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
Every now and then a company will come up with something really innovative and they'll sequel it to death.
Michael Pachter
The company continues to invest in its future, generating large losses along the way, and we expect this to continue throughout 2006.
Michael Pachter
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Every normal person, in fact, is only normal on the average. His ego approximates to that of the psychotic in some part or other and to a greater or lesser extent.
Sigmund Freud
Bottom line: if you show a genuine interest in learning about how others became successful, you can open up a world of opportunities.
Armstrong Williams