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...
decline dramatic expected holidays months none sales six
The year's a mess. None of us thought six months ago the holidays would be so weak, and no one expected there'd be such a dramatic decline in sales for the current-generation of games.
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.
along company continues expect generating invest large losses throughout
The company continues to invest in its future, generating large losses along the way, and we expect this to continue throughout 2006.
bid meat nobody pick stop wait
Nobody comes in to bid on that. They wait for the body to stop twitching, then swoop down and pick the meat off the carcass.
buzz continue europe eventually four frankly games grow imaginary maybe million online outlet people work
I don't think there are four million people in the world who really want to play online games every month. World of Warcraft is such an exception. I frankly think it's the buzz factor, and eventually it will come back to the mean, maybe a million subscribers. It may continue to grow in China, but not in Europe or the U.S. We don't need the imaginary outlet to feel a sense of accomplishment here. It just doesn't work in the U.S. It just doesn't make any sense.
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 ,
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.
competing competition everybody needs sony understand
What everybody needs to understand is Sony is not competing with Microsoft. Sony's competition is with Toshiba.
dramatic expect growth modest november
We expect modest growth in November and dramatic growth in December,
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.
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.
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.
happening
There are many, many things that are happening that are not normal.
fact maybe means positive
The fact that we had a positive rental comp means that maybe rental is not dead.