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...
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.
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.
analogy buy limit pc reason success
It will limit the success if they're not materially better than the current-generation games. The analogy is, do you buy a new PC if you don't have a reason to? You just don't do it.
number
The number of units is a manufacturing constraint,
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.
components conference held lined press
They wouldn't have held a press conference if they didn't have all the components lined up already.
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.