41 Quotes by Michael Pachter

We believe that Midway's recent share-price weakness is more attributable to a slow down in purchases by its major shareholder than to a downturn in its business.

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 marked the fifth consecutive month of software sales decline, and we expect a return to double-digit sales declines in February, with an accelerating rate of decline in March.

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

My guess is they want to sell high- definition discs. You want to get the high-definition monitor owners drooling. It's clever marketing.

Nobody comes in to bid on that. They wait for the body to stop twitching, then swoop down and pick the meat off the carcass.

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

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 3.4 gigahertz PC for word processing -- it's not going to make much of a difference.

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

I think they are very close to the edge with the banks. If the business plays out the way I think it will play out, they won't trip the covenants. I think they are not giving themselves enough cushion to weather a downturn and it makes me hesitate in recommending the stock.