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Oppenheimer has released its update for the online gaming industry for the month of December. According to Oppenheimer, the industry had a mixed third quarter. The top performers were Shanda Games Limited (ADR) (NASDAQ: GAME) which was up 6% and Shanda Interactive Entertainment Ltd (ADR) (NASDAQ:...

The Video Game Industry seems to be lagging behind during this holiday season. However, talking with CNBC, Jim Yin, Standard & Poor’s information technology analyst, stated that Activision Blizzards’ (NASDAQ: ATVI) new game ‘Call of Duty’ has sold more than six million units. However, he...

Atul Bagga, analyst at Think Equity, believes that the gaming industry, as a whole, is undervalued and investors could look at entering these scrips at current levels. The holiday season saw encouraging sales. The top selling titles like Call of Duty: MW2 saw steep discounting thus raising...

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) had rejected a takeover offer ($26 per share) of Electronic Arts Inc. (NASDAQ: ERTS) last year and the stock had been on decline since then and is currently trading at $9.91. Barron’s noted that investors' interest in Take-Two increased recently...

Below are the top 5 mid-cap stocks on the NASDAQ in terms of highest PEG ratio. CTC Media Inc (NASDAQ: CTCM) has a PEG ratio of 0.3. CTCM’s market capitalization is $2.15 billion. UBS initiated coverage of CTCM with a “buy” rating. Lazard Capital Markets upgraded PDLI from “hold” “buy.” Perfect...

The9 Limited (ADR) (NASDAQ: NCTY) has jumped 17% to $8.25 in the pre-market session. The 52-week trading range for NCTY is $6.28 - $16.64. In the last trading session, The9 Limited closed at $7.05. So far in 2009, NCTY declined by over 45%. Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR) has moved up...

Saia Inc (NASDAQ: SAIA) shares have plummeted 10.31% to $13.05. SAIA has projected a wider-than-anticipated loss in 4Q on account of tough pricing competition and low volumes. Saia’s shares had closed at $14.55. Electronics for Imaging Inc (NASDAQ: EFII) shares slipped 9.92% to $11.17 after the...

Cintas Corporation (NASDAQ: CTAS) has decreased $2.74 or 9.23% to $26.94 in the pre-market session. Yesterday, Cintas Corporation reported its second quarter revenue of $884.5 million. Net income for the second quarter was $57.2 million and earnings per share were $0.37. The 52-week trading range...

Analyst Shaw Wu of Kaufman Brothers maintained his "buy" rating on Synnex Corp (NYSE: SNX). The target price for SNX is set to $34. Synnex has announced its intention to acquire Jack of All Games, the video game distribution subsidiary of Take-Two Interactive (TTWO), for $36.5 million in cash and $...

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced that it will be selling its Jack of All Games distribution business to SYNNEX Corporation (NYSE: SNX) for $43 million. Following this, Wells Fargo lowered its FY10 sales and non-GAAP EPS estimate for Take-Two to $900 million and $0.55...

Take-Two (NASDAQ: TTWO) announced the sale of its distribution business to Synnex (NYSE: SNX) for a cash deal of $45 million. Analysts at Cowen And Company have described the deal as a neutral event for the scrip and have retained a Neutral rating. Take-Two has had difficulties in taking products...

Pali Capital has identified three companies for 2010 that have the best growth opportunities. 1) Focus Media (ADR) (NASDAQ: FMCN) The first company that analysts at Pali capital believe is a growth story is Focus Media. Focus Media is down about 8% from its recent high of $17.29. Analysts believe...

Allied Irish Banks, plc. (ADR) (NYSE: AIB) has plunged 7% to $3.52 on 2.85 million shares. So far this year, AIB is down over 24%. The 52-week for AIB is $0.72-$10.42. Take-Two Interactive Software, Inc. (NASDAQ: TTWO) fell 3.30% to $9.12 on 2.13 million shares. Take-Two Interactive Software...

MannKind Corporation (NASDAQ: MNKD) shares plunged 6.84% to $8.85 in the pre-market session. MNKD is focused on discovering, developing and commercializing therapeutic products for diseases, such as diabetes and cancer. MNKD’s 52-week trading range is $2.00-$12.30. Take-Two Interactive Software Inc...

Old Dominion Freight Line (NASDAQ: ODFL) has decreased 3.26% to $32 in the pre-market session. The 52-week trading range for ODFL is $18.69 - $38.75. So far in 2009, Old Dominion Freight gained over 15%. Yesterday, ODFL closed at $33.08. Celgene Corporation (NASDAQ: CELG) has declined 0.98% to $55...