Earnings Release Reaction
Loss from aquisition less then expected in lue of, Better sales than expected in a usually weak quarter.
Basically, the worst if over, and the stock has nothing but positive sales figures from Xmas titles to look forward to. We may not know the numbers till after the Holidays, so be prepared to hold your stock at least into the beginning of 1999.
Personally, I don't think TR3 will sell well, but I did not anticipate the strength of TR1 on console platforms, and TR2 in bargin bins, so that was a pleasent suprise. I hope Theif is a suprise hit of the Xmas season, but so far I've seen little coverage of that game due out in a few weeks. Honestly, there are few titles that I consider must buys this Xmas. It looks like the first half of 1999 will be a time of major new games.
One final comment. Don't be impressed with magazine covers with Laura on them. I'd guess they will help sell more copies to horney high school age males, then TR3 game boxes... Last year, PCGAMER and CGW had her on the cover for TR2, along with practically every other rag out there. This time, TR3 only gets coverage in the more desperate for circulation rags. |