Yes, NewKidCo owns about 350,000 shares...
This story about Take-Two bodes well for NewKidCo:
Business Week: January 29, 2001
BusinessWeek Investor -- Inside Wall Street
Take-Two: The Games People Play
Interactive video games are hotter than ever amid buzz from Sony's PlayStation 2 and Microsoft's Xbox video players. ``The interactive software game industry is growing faster than any other entertainment segment,'' says analyst Richard Zimmerman at securities firm Janney Montgomery Scott.
How to play this fervor? One ``phenomenal growth story'' is Take-Two Interactive Software (TTWO), a developer, publisher, and distributor of interactive software games for PCs, video-game consoles, and Palm-powered handhelds, says Wedbush Morgan Securities analyst Miguel Inbarren. Take-Two owns a ``solid library of game content'' that's ``well positioned'' for the new slate of consoles, he adds. Take-Two recently launched two very successful new games for PlayStation 2, Smuggler's Run and Midnight Club: Street Racing. They ranked fifth and sixth in overall industry sales during the holiday weeks, with combined sales of $20 million since their launch in October, says Take-Two President Paul Eibeler. Inbarren figures Take-Two will earn $1.40 a share on sales of $500 million this year, up from 88 cents on $387 million in sales in 2000. Take-Two's stock, now at 12, trades at a p-e of 10, vs. 25 among its peers. Inbarren rates the stock a ``buy.'' |
