Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 11 September 2007 07:04

Take-Two reports smaller quarterly loss

Written by David Stellmack

Image

Still going strong despite losses


 

Take-Two Interactive Software, Inc., the video game publisher of such popular video games as “Grand Theft Auto,” announced a quarterly loss for its fiscal Q3 of $58.5 million.

Its performance improved over its Q3 performance one year earlier where Take-Two lost $91.4 million.  Performance was reportedly improved by successful sales of its newly released titles. “Grand Theft Auto IV,” “The Darkness,” "Fantastic Four: Rise of the Silver Surfer," "All-Pro Football 2K8" and just released title, “Bioshock.”  Take-Two announced that Bioshock has made gaming history records, having shipped almost 1.5 million copies of the video game since it was released on August 21st.

Despite record level sales of popular video games Take-Two has been mired down with legal problems related to internal questionable stock option practices and threatened with litigation over the violent and sexual content in its “Grand Theft Auto” games. Investors pressured Take-Two’s Board of Directors to replace the company management of Take-Two last spring and the company has been attempting to right itself in the stormy waters it has been traveling in for some time.

Last modified on Tuesday, 11 September 2007 10:10

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments