What everybody needs to understand is Sony is not competing with Microsoft. Sony's competition is with Toshiba.
More Quotes from Michael Pachter:
It appears that 2006 is following a similar pattern to 2000, when the last console transition began. Consumers have slowed purchases of current generation console software while waiting for the opportunity to purchase an incredible next-generation console, the Xbox 360, and its associated software.Michael Pachter
There are 5 million people who really believe they are getting an Xbox 360 relatively soon, by February. Microsoft has shipped 500,000 units, so 4.5 million people are doing nothing. That's enough to just kill Christmas.
Michael Pachter
After April, we expect monthly next generation software sales to remain fairly stable at around 100 - 150 million through October (representing year-over-year growth of 80 - 130 million), with declines of current generation software sales expected to remain at around 130 - 150 million monthly. We expect relatively flat sales through the summer months, with potentially robust sales in November and December, once next generation consoles from Sony and Nintendo are launched.
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
I think they are very close to the edge with the banks. If the business plays out the way I think it will play out, they won't trip the covenants. I think they are not giving themselves enough cushion to weather a downturn and it makes me hesitate in recommending the stock.
Michael Pachter
The analysis is significant, insofar as Take-Two's overhead has dramatically increased over the last five years.
Michael Pachter
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Based on Topics: Competition QuotesBased on Keywords: sonys, toshiba
As to judging our own time, and thereby gaining some basis for a judgment of future possibilities, we are doubtless not only too close to it to appraise it but too much formed by it and enclosed within it to do so.
Emily Greene Balch
In war, you win or lose, live or die - and the difference is just an eyelash.
Douglas MacArthur
I think multiple levels of undo would be wonderful, too.
Bill Joy