“Now that 'San Andreas' has launched, we have decided to take an early exit off the highway largely due to a lack of product momentum for [Take Two] after 'GTA: San Andreas'. While it may be the largest video game of all time right now, there will be a day when GTA is supplanted by another game.”
“We ... believe that the loss of Jeff Lapin, an experienced industry veteran, should be viewed negatively. However, we believe that most investors hold Take-Two for one reason: GTA: San Andreas.”
“Take-Two will release GTA: San Andreas in October. San Andreas is widely anticipated to be largest game of the year, with the potential to sell over 10 million units worldwide. As a result, we expect that any weakness in the shares as the result of this morning's announcement to be temporary.”
“While we cannot uncover all the nuances that occur inside any company, our work on Take-Two leads us to believe that serious problems surround the company's governance.”
“We believe key employee retention, over-dependence on one title, high cost structure, cash burn, and mounting liabilities, are some important reasons why an acquisition of Take-Two is highly unlikely.”
“While EA shares are undoubtedly expensive based on near term earnings, we think the company is best positioned for the next video game cycle due to its heavy investment in research and development, and conservative accounting.”
“I'm not too sure UK would be willing to let us use their fields, even the practice field. We wouldn't be a problem. Our season doesn't overlap with (the men's).”
