Take Two Interactive Stock Update
Posted: Thu Nov 21, 2002 2:35 pm
10:30AM Take-Two takes out $30.78 one-yr high set Oct 11 (TTWO) 30.87 +1.37:
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Herb Greenberg, Senior Columnist
Today's sermon: You'd think I would just give myself failing marks for ever having raised questions about Take-Two (NasdaqNM:TTWO - News), concede defeat and walk away.
But I can't -- not while the SEC's formal order of investigation is hanging over the company's head. That's what I was thinking this morning when I saw a story in the San Diego Union-Tribune about how Take-Two is paying $28 million in cash plus some stock for Angel Studios.
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LOS ANGELES, Nov 18 (Reuters) - Video game software sales were up sharply in October, financial analysts said on Monday, as the hotly-anticipated criminal adventure game "Grand Theft Auto: Vice City" made a smash-hit debut.
Software sales were up 73 percent in October and are up 31 percent for the year, Gerard Klauer Mattison analyst Edward Williams said in a research note issued on Monday, citing data released by market research service NPDFunworld last week.
The top story of the month, though, was Take-Two Interactive Software Inc.'s (NasdaqNM:TTWO - News) "Grand Theft Auto: Vice City," which sold 1.4 million units between its Oct. 29 launch and Nov. 2, at an average price of $48 each, generating more than $68 million in projected revenue.
"Vice City," widely expected by analysts to be the best-selling game of 2002 and perhaps one of the top sellers of all time, is the follow-on to "Grand Theft Auto 3," which was the best-selling game of 2001 and has sold more than 7 million units to date.
...
Herb Greenberg, Senior Columnist
Today's sermon: You'd think I would just give myself failing marks for ever having raised questions about Take-Two (NasdaqNM:TTWO - News), concede defeat and walk away.
But I can't -- not while the SEC's formal order of investigation is hanging over the company's head. That's what I was thinking this morning when I saw a story in the San Diego Union-Tribune about how Take-Two is paying $28 million in cash plus some stock for Angel Studios.
...
LOS ANGELES, Nov 18 (Reuters) - Video game software sales were up sharply in October, financial analysts said on Monday, as the hotly-anticipated criminal adventure game "Grand Theft Auto: Vice City" made a smash-hit debut.
Software sales were up 73 percent in October and are up 31 percent for the year, Gerard Klauer Mattison analyst Edward Williams said in a research note issued on Monday, citing data released by market research service NPDFunworld last week.
The top story of the month, though, was Take-Two Interactive Software Inc.'s (NasdaqNM:TTWO - News) "Grand Theft Auto: Vice City," which sold 1.4 million units between its Oct. 29 launch and Nov. 2, at an average price of $48 each, generating more than $68 million in projected revenue.
"Vice City," widely expected by analysts to be the best-selling game of 2002 and perhaps one of the top sellers of all time, is the follow-on to "Grand Theft Auto 3," which was the best-selling game of 2001 and has sold more than 7 million units to date.