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Take-Two (TTWO) Inks Deal With Synnex Corp (SNX)
Monday, December 21, 2009 - 5:13pm | 114Today, CNBC reported that Take-Two Interactive Software Inc. (NASDAQ: TTWO) announced its deal with Synnex Corporation (NYSE: SNX). According to the agreement, Synnex Corp. would acquire substantially all of the North American assets of ‘jack of all Games’, a wholly owned subsidiary of Take-Two...
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TTWO Faces Challenging Near-Term Outlook
Friday, December 18, 2009 - 2:09pm | 124Analysts at BMO Capital Markets maintain their "market perform" rating on Take-Two Interactive (NASDAQ: TTWO), while reducing their estimates for the company. The target price for TTWO is set to $10. Take-Two Interactive has reported its F4Q09 EPS marginally ahead of the estimates. TTWO recently...
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Benzinga’s Top Pre- Market Gainers (SENO, TTWO, RIMM, SMOD, CRME)
Friday, December 18, 2009 - 9:07am | 319SenoRx, Inc. (NASDAQ: SENO) rose 21.54% to $6.15 in the pre-market session after SenoRx, Inc. announced that a jury delivered a verdict in favor of SenoRx in a lawsuit brought by Hologic, Inc., Cytyc Corp., and Hologic L.P. (Hologic) in the U.S. District Court. Yesterday, SENO closed at $5.06. The...
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Electronic Arts : Holiday Mix Shift Weighs On Margins
Tuesday, December 15, 2009 - 11:09am | 151Analysts at Lazard Capital Markets reiterate their "Hold" rating on Electronic Arts Inc. (NASDAQ: ERTS), while lowering F3Q EPS estimate based on management’s recent guidance. The Lazard says “As EA continues to reformulate its content and distribution strategies amid mixed franchise sales and...
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Benzinga's Earnings Preview (PAY, TTWO, GLBC, IAAC)
Monday, December 14, 2009 - 5:07am | 128VeriFone Holdings, Inc. (NYSE: PAY) is expected to report fourth-quarter earnings of 25 cents a share on revenue of $213.44 million. Friday, PAY closed at $14.32. Take-Two Interactive Software, Inc. (NASDAQ: TTWO) is projected to report fourth-quarter earnings of 10 cents a share on $341.90 million...
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Video Games Industry Still In Slump, ATVI Remains Favorite
Friday, December 11, 2009 - 10:19am | 143Despite the disappointing performance of the Video game industry, Activision-Blizzard (NASDAQ: ATVI) has been termed as a favorite by a recent Deutsche Bank research report. However, it has recommended selling Electronic Arts (NASDAQ: ERTS). The video game industry is likely to pick up once the...
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November Sales Review (THQI, ATVI, TTWO)
Friday, December 11, 2009 - 8:39am | 104The November sales of THQ Inc. (NASDAQ: THQI) declined 34% y/y and Bank of America noted that THQ’s quarter- to-date sales are now tracking below its -5% revenue estimate for F3Q. Activision Blizzard, Inc. (NASDAQ: ATVI) sales were up at 50% y/y. Activision Blizzard's “Call of Duty” sold over 6...
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Electronic Arts (ERTS) Sales Down 15% Y/Y In November
Friday, December 11, 2009 - 8:26am | 73The retail sales of Electronic Arts Inc. (NASDAQ: ERTS) including Rock Band were down 15% y/y in November, primarily due to Rock Band. There was a 15-20% m/m decline in the ASPs of the majority of its products. However, Bank of America noted that the sales decline was a bit better than its...
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ERTS Warns Of Weak Video Game Sales
Thursday, December 10, 2009 - 2:00pm | 151Analyst Todd Mitchell of Kaufman Brothers maintains his "buy" rating on Electronic Arts (NASDAQ: ERTS)(FREE stock trend analysis), while reducing his estimates for the company. The target price for ERTS is set to $23. Electronic Arts has announced that its videogame software sales during November...
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Options Trading Ideas for Week Ending December 15
Wednesday, December 9, 2009 - 1:25pm | 287Analysts at Goldman Sachs expect the S&P500 realized volatility to continue to subside till the end of the year. The macroeconomic model indicated that realized volatility may remain within the 13%-18% range in December, inline with the average levels realized in December over the past 35 years...
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Fox Catches Tiger Woods Hiding In A Private Island
Wednesday, December 9, 2009 - 11:46am | 81Fox news reported that Tiger Woods and wife Elin Nordegren are planning to move temporarily to a private island near Sweden to escape from media glare. Companies with whom he has endorsement deals: Accenture Plc (NYSE: ACN), NIKE Inc. (NYSE: NKE), American Express Company (NYSE: AXP) and...
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Controversy Pushes Tiger’s Ads Off The Screen
Wednesday, December 9, 2009 - 4:57am | 142Prime-time broadcast television and major cable channels seem to have shunned Tiger Woods, following the controversy surrounding his personal life. According to New York based Nielsen Co., the last prime-time ad featuring Tiger Woods was aired on Nov.29. The 33-year-old No.1 Golfer has suffered a...
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Benzinga’s Top Losers (TTWO, SWHC, CBAN, KMGB, FNSR, CLBH)
Friday, December 4, 2009 - 3:17pm | 220Take-Two Interactive Software Inc (NASDAQ: TTWO) shares have slipped 30.68% to $7.57. TTWO cut its forecast for FQ4 and FY09, with Wedbush Morgan Securities analyst Michael Pachter citing the lack of impressive product offerings as the reason for the weak projections. Smith & Wesson Holding...
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Benzinga’s Biggest Losers (TTWO, SWHC, STE, BCON, ZIOP)
Friday, December 4, 2009 - 11:59am | 219Take-Two Interactive Software, Inc. (NASDAQ: TTWO) has plunged 29.67% to $7.68 on 32 million shares after Take-Two warned its fiscal fourth-quarter results will miss expectations as the videogame maker put particular blame on its baseball games. Smith & Wesson Holding Corporation (NASDAQ: SWHC...
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Bookkeeping: Cutting Back Perfect World (PWRD) - Again (EDIT: Closed)
Friday, December 4, 2009 - 10:49am | 469Aside from not participating in the rally today, Perfect World (PWRD) seems to be forming a very rare technical pattern called "Annoying Me to No End". It constantly crosses back and down over the 50 day moving average whipsawing us in and out, and bleeding us out of positions with small but...