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...
added number reason
One reason they didn't make my number was because they added so much to the reserves.
bad blackjack busted hand instead money perfect played quarter risky
It was a perfect storm. One could say it was a bad strategy; I would say instead of bad it was a very risky strategy. Essentially, they played blackjack and put a quarter of their money on each hand and busted every time.
bunch cut cuts publishers reflect
EA has a bunch of underperforming games, and I think that the cuts reflect that. Other publishers will cut underperformers as well.
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.
last million sell
In the U.S. they'll sell out at 1.5 million right away. They won't last a week.
appreciate grow guys needs question somebody sure
I'm not sure that I appreciate why somebody needs an avatar. The question for these guys is, what do they want to be when they grow up?
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.
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.
atari cheap either group investors mistakenly small thrive
Take-Two is cheap and Atari is really cheap. Investors mistakenly look at the group as either being big and going to thrive or small and going to go broke.
Take-Two has always been a 'trust us' story. We think that Take-Two has become a 'show me' story.
components conference held lined press
They wouldn't have held a press conference if they didn't have all the components lined up already.
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.
abysmal box job managing marketing supply
It's killing the market. They did a masterful job of marketing the box and an abysmal job of managing the supply chain.