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FEATURED VOXPOP oblivion437     In all the talk of graphical downgrades no one seems much preoccupied with 'why?'.  Why build something and then proceed to tear it down, piece by piece, in the hope that ever more diminished expectations about the final product won't be severe enough to...

DAILY MANIFESTO

Stock, Drop and Roll

Posted on Monday, June 19 @ 21:08:34 Eastern by Ben_Silverman
We gamers are quick to point out how awesome our industry is doing. We gamers are also stupid and wrong.

A New York Times piece pulls back the curtain on the little industry that could by pointing out the recent stock woes of the four main third-party companies: EA, Activision, THQ and Take 2. Following E3, each of these giants has watched their stock price flutter and fall to the collective tune of 6 billion in market cap. That’s, like, four PS3s!
 
But before we slam the coffin lid and hammer in the nails, keep in mind that we’re at the end of a platform cycle, which has historically been matched by a financial lull. And losing money after E3 makes sense since few games ship in the weeks following the show. When Jaws: Unleashed is one of the biggest releases of the month, you know the month sucks.
 
So I imagine we’ll see a nice fat rebound once we hop out of the summer doldrums and slide into the winter panic. You know, in five months. Read any good books lately?


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