TOP 100 FREEWARE AND SHAREWARE SITES
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| Take-Two's Bad Quarter Causes Investor Double-Take Research Recap submits: It was not long ago that Take-Two Interactive Software (TTWO) seemed to be on top of the world with one of the most successful video game launches in history for the fourth edition of its Grand Theft Auto franchise. The highly anticipated release of the game brought Electronic Arts (ERTS) knocking down their door for a $25.74 per share hostile takeover attempt, yet management pleaded with shareholders to just wait for the games release. They hoped a successful launch would demand an even greater premium from any suitor, and unfortunately the shareholders listened. As predicted, the game was a blockbuster selling 6 million copies in the first week, but it effectively made TTWO too expensive in the process. Now, more than a year later, TTWO’s investors are wishing they had a reset button and could take the deal. The stock is down nearly 30% today to under $8 per share following a remarkably weak fiscal fourth quarter, as well as a worse than expected guidance for the year ahead. The company has not released full details on the quarter but said that EPS would come in around $.05-$.10 for the quarter on revenue of $325-$350 million. This is clearly a disappointment compared to analysts’ estimates of EPS of $.33 on $371 million in sales. Take-Two laid the blame on their Major League Baseball games which it says depleted EPS by 14 cents on its own. Management said that because of multi-year contracts with the MLB they will need to focus on improving these games over the coming years.Complete Story » seekingalpha.com |
Report: Disney and CBS Interested in Apple TV Plans Apple is looking to add monthly subscriptions to the TV content available in its online iTunes store. Disney and CBS are interested in signing on. feeds.pcworld.com |
Microsoft Loses Lawsuit, But Word Likely to Stay Microsoft has lost its appeal of a patent case involving Microsoft Office and Word. Good news: We keep our software and sales expected to continue. feeds.pcworld.com |
Aruba Adds Support for Wired Networks to Management Tool Aruba Wireless is adding support for wired networks to the next version of its management tool, it said on Monday. feeds.pcworld.com |
Wii Gets Netflix. Now What? Netflix streaming is incomplete when it’s not supported by on-demand video or some other kind of catalog. feeds.pcworld.com |