It’s killing the market. They did a masterful job of marketing the box and an abysmal job of managing the supply chain.

The worst effects of the transition lie ahead. Although we expect a brief respite from double-digit sales declines in April, when Microsoft is likely to double the supply of Xbox 360 hardware units, we expect...

The longer we go, the easier it is to defer that purchase.

They clearly aren’t in the big leagues. They’re back in the minors now and we’ll see if they can build the business back up.

I don’t know where he came up with 20 million,

I guess that is the equivalent of betting 25% of your stack on four hands of blackjack and busting each time.

There are many, many things that are happening that are not normal.

The fact that we had a positive rental comp means that maybe rental is not dead.

I am skeptical that we are going to see content that even comes close to harnessing the power of either box for the next several years. It’s like using a 3.2 gigahertz PC or a...

The reason we play football (games) is because of the identification with the players. The reason we update is because we care that Randy Moss isn’t with the Vikings anymore.

One reason they didn’t make my number was because they added so much to the reserves.

The number of units is a manufacturing constraint,

The stock is getting hammered because investors are reacting like this is the next step to bankruptcy when in fact I think meeting with the banks is a good thing. Renegotiating the covenant is a...

I’m not impressed. The fact is that they pretty much told you that you’re waiting for another year to get paid.

We expect a price cut for the PS2 later this year. We believe that Sony will respond to Microsoft’s introduction of its next generation console with a cut from $149 to $99 some time before...

Nobody at Take-Two will have the guts to put any hidden sexual content in any game so people are making a bigger deal out of this than is there, … At the end of the...

Spielberg is a magnet to bring in talent. He will get all of Hollywood to start thinking about video games. Now you’ve got the guy who’s got a guaranteed $300-million box office thinking about it....

The year’s a mess. None of us thought six months ago the holidays would be so weak, and no one expected there’d be such a dramatic decline in sales for the current-generation of games.

Take-Two has always been a ‘trust us’ story. We think that Take-Two has become a ‘show me’ story.

Microsoft’s first-mover advantage is eroding if it takes them very long to get the first 5 million boxes out. If 4 million show up in the month of June and Sony launches in the month...

We are optimistic that Microsoft will remedy the supply-demand imbalance in the U.S. in the next two months, as it appears that recent manufacturing capacity will result in greater unit availability later this month.

I think the SEC is very likely trying to understand what industry practices are and see if these guys have the potential to manipulate earnings,

In the U.S. they’ll sell out at 1.5 million right away. They won’t last a week.

Warcraft is so good and so good-looking that it got this immediate attraction; everybody who would ever consider playing an online game said, ‘This is the one. I gotta try it.’ And what’ll happen is...

EA has a bunch of underperforming games, and I think that the cuts reflect that. Other publishers will cut underperformers as well.

I think they are being appropriately conservative about Christmas because it’s November 1.

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...

They wouldn’t have held a press conference if they didn’t have all the components lined up already.

Nothing fundamentally drove [the stock] up, and nothing fundamentally drove it down. It’s Redstone.

I’m surprise that the na ”,vet ”© of the NFL and its players, … By giving a five-year license and giving EA an exclusive, they’re going to eliminate all of the competition. So in five...

The earlier movers aren’t making a decision between the two.

[Sony’s people have] bet the entire future on this, … It’s too important for them to lose, so they will do everything they can to win.

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...

We do not believe that recent weakness will persist, and expect a sales rebound in November and December.

The best business for a publisher is to give people what you know they want. And what you know they want is a sequel to what they wanted last time. So we don’t see a...

Most of the press are fixated on video games. They think Sony is only in a battle with Microsoft. Sony is in a battle to make as much money as possible for the privilege of...

You’re going to see the Revolution as the second console of choice in the household.

I want to see the games side by side. I want to see Madden for the Xbox 360 next to Madden for the PlayStation 3.

We expect modest growth in November and dramatic growth in December,

We note that NPD U.S. retail video-game software sales data for the January quarter implies that Take-Two’s sales are down 40 percent compared with the prior-year quarter, so we believe that the company is likely...

We believe that speculation about a potential leveraged buyout is unfounded. If anything, Take-Two’s disclosure that it may require additional capital to fund next generation game development suggests to us that it is not an...

[Microsoft is] trying to turn this into the Cabbage Patch Kids, … It’s brilliant marketing.

Every now and then a company will come up with something really innovative and they’ll sequel it to death.

By definition early adopters aren’t price conscious.

More consumers than any of us expected are slowing their purchase of software, waiting for the next-gen consoles.

The lack of specific guidance reflects that these guys weren’t really prepared for a downturn and they are not really sure how bad it is, how long it will last, or whether it will persist...

It will limit the success if they’re not materially better than the current-generation games. The analogy is, do you buy a new PC if you don’t have a reason to? You just don’t do it.

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...

What everybody needs to understand is Sony is not competing with Microsoft. Sony’s competition is with Toshiba.

Given continued uncertainty among consumers about the availability of Xbox 360 units, we think that slow sales may persist in December.