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,
More Quotes from Michael Pachter:
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.Michael Pachter
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.
Michael Pachter
If they paid more than 200 million, then I seriously question their judgment.
Michael Pachter
The number of units is a manufacturing constraint,
Michael Pachter
We note that NPD U.S. retail video-game software sales data for the January quarter implies that Take-Two's sales are down 40 percent compared with the prior-year quarter, so we believe that the company is likely on track to meet our revenue and earnings per share estimates for the period.
Michael Pachter
I think they are being appropriately conservative about Christmas because it's November 1.
Michael Pachter
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Based on Topics: Potential QuotesManagement is efficiency in climbing the ladder of success; leadership determines whether the ladder is leaning against the right wall.
Stephen Covey
Most of those who make collections of verse or epigram are like men eating cherries or oysters: they choose out the best at first, and end by eating all.
Nicolas de Chamfort
The people have spoken. Their decision is sovereign. We all respect it... I wish good luck to those who will now govern France.
Alain Juppe