Quotes by Michael Pachter

“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 whatll happen is inevitably, like the health club model, after you pay your 30 bucks a month for 3 or 4 months and you only go once a week, you realize its not worth it and you split. Thats what will happen with Warcraft ... I think its going to roll back to a million. Im not predicting its going to happen in three weeks; Id guess it has a half-life of 6 months to a year,”

“The earlier movers arent making a decision between the two.”

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

“It will limit the success if theyre not materially better than the current-generation games. The analogy is, do you buy a new PC if you dont have a reason to? You just dont do it.”

“We do not expect a current generation Xbox price cut from Microsoft this year, notwithstanding the companys stated intention to support the current generation console. We believe that Microsofts production cost of the Xbox is higher than the current retail price, precluding further price cuts, and we also think that the company prefers that consumers buy its next generation console when that box is introduced.”

“[As such,] only one in 16 people need to rent an extra movie in the new extended rental period to offset the late-fee loss, and thats not that hard to get, ... When you let people rent for seven days instead of two, the consumer tends to grab the extra movie.”

“If they paid more than $200 million, then I seriously question their judgment.”

“Take-Two is cheap and Atari is really cheap. Investors mistakenly look at the group as either being big and going to thrive or small and going to go broke.”

“I dont know where he came up with 20 million,”

“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 positive because it means they wont be forced into bankruptcy.”