According to Reuters, Chrysler will idle its plant for a month to cut inventory and costs. Reuters reports that the SEC is under fire over the Madoff investigation. Reuters reports that Obama…
Take-Two Interactive Software Inc. (NASDAQ: TTWO) just joined the ranks of video game publishers with bad earnings. Real bad earnings. And thank heavens for non-GAAP accounting. The company posted a GAAP loss…
Douglas A. McIntyre According to Reuters, there may be another bubble in commodities prices. Reuters reports that the recession is hurting Japan’s economic sentiment and China’s industrial output. Reuters writes that Bush said the auto…
Electronic Arts Inc. (NASDAQ: ERTS) signaled about six weeks ago that the video game industry wasn’t recession-proof. It turns out that the company (and likely the sector) is not even as recession-resistant…
In about 36 hours, the highly awaited release of "Gears of War 2" comes to stores for a midnight opening. The Microsoft (NASDAQ: MSFT) Game Studio published game developed by Epic Games…
Take-Two Interactive (TTWO) could have taken an overly generous offer from Electronic Arts (ERTS). Instead, it held out for a higher price and hinted that it had other buyers. The ERTS bid…
Douglas A. McIntyre According to Reuters, Lehman (LEH) will seek Chapter 11 protection. Reuters reports that Bank of America (BAC) will buy Merrill Lynch (MER) for $50 billion. Reuters reports that AIG (AIG) is facing…
Take-Two Interactive (TTWO) chairman Strauss Zelnick overplayed his hand. He continued to refuse a buyout bid from larger game company Electronic Arts (ERTS). Now Take-Two shareholders will pay for Zelnick’s error. According…
Douglas A. McIntyre VSInvestor reports on several stocks moving on heavy volume today. At the top of the list are Freddie Mac (FRE) and Fannie Mae (FNM) dropping on comments from Barron’s that the common…
Electronic Arts Inc. (NASDAQ: ERTS) has reported its video game numbers for investors today. The company’s net was -$0.30 in GAAP EPS on $804 million in revenues (misleading numbers). Before a $231…
Douglas A. McIntyre According to Reuters, a survey of sovereign wealth funds found concerns about their investment is overblown. Reuters reports that Verizon Wireless (VZ)(VOD) will buy Alltel for over $28 billion. Reuters reports that…
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) has posted results well above estimates. It reported $539.8 million in net revenues, up more than 150% from last years $205.4 million due to the explosive…
Douglas A. McIntyre It is about the time that Electronic Arts (ERTS) is expected to extend its hostile bid of Take-Two Interactive (TTWO). Take-Two has argued that it is worth much more than the EA…
According to Rueters, Microsoft (MSFT) has proposed a partnership with Yahoo! (YHOO), in place of a buy-out, which may push Carl Icahn to try to get a deal for Yahoo! to set…
Electronic Arts (NASDAQ: ERTS) posted a net loss of $94 million or -$0.30 EPS, but on a non-GAAP basis from operations the company showed $0.09 EPS on a "excluding a benefit basis…
Douglas A. McIntyre 