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Credit Suisse Analyst Raises Outlook on Gamestop
Inc. -11/25/09 at 9:30
AM CSTby Perry Rod
Credit Suisse analyst Gary Balter, who earlier
this year raised alarm about Gamestop Inc. (NYSE:GME) when Amazon
Inc (AMZN) announced a move into the used game business, is now
raising his outlook for Gamestop's fiscal year ending in
January. Balter raised his 2009 earnings per share estimate
from $2.46 to $2.54 and his 2010 estimate from $2.70 to $...
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Gamestop Inc. CEO Suggests 2010 Growth Modeling Expectations Are
High... -11/19/09 at
10:18 AM CSTby Perry
Rod
In response to a question about possibly having
another 20% year over year software growth year as seen for the
company in 2008, Gamestop (NASDAQ: GME) CEO Dan DeMatteo said in a
conference call with analysts that Gamestop's early expectations
for 2010 growth is not for 20% but rather for "strog single digits
to maybe low double digit growth." Analysts e...
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Gamestop Inc Will Die, They Say, But Publisher Actions Speak Louder
T... -10/29/09 at 12:54
PM CDTby Perry Rod
Gamestop’s closest U.S. comparable is Best
Buy (BBY). Analysts for Best Buy Inc. are predicting an 8%
year over year EPS growth rate. Based on current trading
prices, BBY trades at a P/E ratio of around 13. Meanwhile, analysts
project a 14% year over year EPS increase at Gamestop Inc
(NYSE:GME). With higher analyst growth expectati...
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NPD Results Delayed for Gamestop Corp, Activision, Take Two
Interacti... -10/15/09
at 5:27 PM CDTby Mahyar
Hashemi
Video game investors will have to wait a couple
more business days to see September's NPD results for video game
software and hardware sales. "We have just released a
communication to our clients, explaining that, due to last minute
processing requirements, the NPD Video Games Retail Tracking
information for September 2009 will now be released on Mo...
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Wedbush Morgan Upgrades Gamestop (GME)
-10/08/09 at 10:59 AM
CDTby Perry Rod
Calling Gamestop's guidance "conservative" and
citing valuation, Wedbush Morgan senior analyst Michael Pachter
raised his rating and price target for Gamestop to $34 and
"Outperform". "We expect industry sales to return to positive
territory in September, and think that GameStop is well positioned
to recover as well. " Gamestop is up around 3% this mornin...
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Xbox 360 Pricecut Welcomed By Interactive Entertainment:
Activision, ... -08/24/09 at 8:36 AM CDTby Perry Rod
At the GamesCom conference last week, eyebrows
were raised when Microsoft did not announce a pricecut of the 360
after Sony announced their PlayStation 3 console's drop to $299.
Over the weekend, however, a Wal Mart (WMT) advertisement
distributed by video game website Kotaku and also another regional
chain advertisement appear to confirm the coming of a ...
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Sony PS3 Pricecut, Welcome News for Activision, Electronic Arts,
Game... -08/18/09 at
12:57 PM CDTby Perry
Rod
There is a universal sigh of relief in the
interactive entertainment industry today as Sony has just announced
at the end of their Gamescon 2009 presentation that the new
PlayStation 3 Slim will now be $299 (299 euros, 29980 yen).
That will also be the new price for all PlayStation 3's for sale on
the market starting tomorrow, August 19, 2009. Kotak...
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Summer Meltdown For The Video Game Industry
-07/30/09 at 8:18 AM
CDTby Perry Rod
Sony and Nintendo reported disappointing numbers
in Japan overnight. Nintendo Wii sales dropped 57% year over year
from 5.17 million to 2.23 million units worldwide. Sales of
PlayStation 3 dropped 31% year over year from 1.6 million to 1.1
million units worldwide. PS3 software sales were down 35% in
that same period. The PlayStation Port...
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As Game Group PLC Struggles, Gamestop Shares Feel The
Heat -07/02/09 at 3:20
PM CDTby Mahyar Hashemi
Shares of Game Group fell 13.4% in London
trading as preliminary earnings results for the first half of the
year failed to meet market expectations. "Our sales performance to
date, together with our gross margin increases and continued cost
focus, means that we expect to deliver first half profits before
tax and non-recurring costs in line with plan at be...
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Nerd Investors And Gaming Dorks Join Forces To Proclaim The End of
Ga... -06/21/09 at 8:17
PM CDTby Perry Rod
If you're a person who makes a living making
money in the finance world, I would think you're probably a totally
"cool" guy. You're the life of a party, amazingly handsome,
and with the most seductive personality. After all, isn't
that what makes for a great financial analyst? You're probably a
lot like cool video game industry writers who, t...
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THQ Inc. Sells Over 1 Million UFC Undisputed Copies In First
Month -06/11/09 at 6:40
PM CDTby Mahyar Hashemi
According to research group NPD, UFC Undisputed
moved just over a million copies in its first twelve days on the
shelf in North America. That may explain why THQ stock is up
64% since its release date. Analysts were expecting much
fewer first month sales. Wedbush Morgan senior analyst
Michael Pachter had predicted 400,000 copies to sell ...
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Same Old Gamestop Fears Pressure Stock
-06/02/09 at 12:38 AM
CDTby Mahyar Hashemi
Every year it's the same old fears with
Gamestop. The company is running out of time, they say,
facing a new world of downloading and new competition. They
are the next Blockbuster, they say. They said it last year, they
said it the year before, and the year before that and so on.
This latest round of fears is likely why while many other...
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