GameCo Stocks Suffer in Wake of Congressional Bailout Failure
GameCo Stocks Suffer in Wake of Congressional Bailout Failure
September 30, 2008
While video games are said to be recession-proof, video game publisher stocks are not immune to Wall Street turbulence, as witnessed by yesterday's market free fall.
As GameSpot reports, virtually all of the major game publishers took a hit in yesterday's sell-off after Congress failed to pass a bailout bill.
Wedbush-Morgan analyst Michael Pachter managed to find some humor in the situation, however, as reported by Cnet:
Wedbush Morgan analyst Michael Pachter, who tracks the video game market, said his industry will suffer like any other, though he did offer a suggestion for how to make lemonade from the financial lemons being lobbed from Washington.
"I think we need a game where instead of shooting (Nazis), we shoot Congress," he said. "This is embarrassing."
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Posted 07/05/09 at 11:28am
GoodRobotUs: It's not a tactic I see catching on in the future.
GoodRobotUs: It's not a tactic I see catching on in the future.
Posted 07/05/09 at 11:28am
GoodRobotUs: Just amuses me that Jack strives to match the most infantile of his his enemies, regardless of who he's actually talking to...
GoodRobotUs: Just amuses me that Jack strives to match the most infantile of his his enemies, regardless of who he's actually talking to...
Posted 07/05/09 at 10:49am
JDKJ: Or "Just because the customer isn't really our customer doesn't mean they aren't completely retarded."
JDKJ: Or "Just because the customer isn't really our customer doesn't mean they aren't completely retarded."
Posted 07/05/09 at 10:46am
GoodRobotUs: They could release it as a Demo tape for training and call it : 'Just because the customer is always right, doesn't mean they aren't, on occasion, knobs'.
GoodRobotUs: They could release it as a Demo tape for training and call it : 'Just because the customer is always right, doesn't mean they aren't, on occasion, knobs'.
Posted 07/05/09 at 10:42am
JDKJ: GRU: I suspect that the person Jack-O's been speaking with says, "Please go right ahead and tell me your concerns, Mr. Thompson," then mutes the line. Fifteen minutes later, they unmute it and say, "Thanks for sharing your concerns. Good day."
JDKJ: GRU: I suspect that the person Jack-O's been speaking with says, "Please go right ahead and tell me your concerns, Mr. Thompson," then mutes the line. Fifteen minutes later, they unmute it and say, "Thanks for sharing your concerns. Good day."
Posted 07/05/09 at 10:25am
GoodRobotUs: 'And yet he's still smarter than you Jack...'
GoodRobotUs: 'And yet he's still smarter than you Jack...'
Posted 07/05/09 at 10:25am
GoodRobotUs: You just know Jack's gonna phone your work again: 'Please Sir! Please Sir, Andrew came to school on only 3 hours sleep!!'
GoodRobotUs: You just know Jack's gonna phone your work again: 'Please Sir! Please Sir, Andrew came to school on only 3 hours sleep!!'
Posted 07/05/09 at 03:56am
Andrew Eisen: Hmm... You know, I think it would be wise if I stopped working on my music and tried to get a little sleep seeing as I have to work in 3 hours.
Andrew Eisen: Hmm... You know, I think it would be wise if I stopped working on my music and tried to get a little sleep seeing as I have to work in 3 hours.
Posted 07/04/09 at 11:08pm
Andrew Eisen: LGJ - Not that I'm aware of. The Twitter feed was someone else's live blog of the debate.
Andrew Eisen: LGJ - Not that I'm aware of. The Twitter feed was someone else's live blog of the debate.
Posted 07/04/09 at 11:04pm
Leet Gamer Jargon: @AE: Wait, wait, wait: JT has a Twitter account?! Are you serious?
Leet Gamer Jargon: @AE: Wait, wait, wait: JT has a Twitter account?! Are you serious?
Posted 07/04/09 at 09:24pm
PHX Corp: For those that want to know what i watching it's called man vs cartoon(a.k.a fixing Wile E. coyote's Mistakes one trap at a time by EMERTEC)
PHX Corp: For those that want to know what i watching it's called man vs cartoon(a.k.a fixing Wile E. coyote's Mistakes one trap at a time by EMERTEC)
Posted 07/04/09 at 08:20pm
GoodRobotUs: Went out for my Mum's 65th Birthday, which is the only relevance 4/7 has in the UK for me ;)
GoodRobotUs: Went out for my Mum's 65th Birthday, which is the only relevance 4/7 has in the UK for me ;)
Posted 07/04/09 at 08:18pm
Andrew Eisen: Beach + fireworks + root beer + strawberries, blackberries, raspberries, whipped topping, and pound cake = my Fourth of July!
Andrew Eisen: Beach + fireworks + root beer + strawberries, blackberries, raspberries, whipped topping, and pound cake = my Fourth of July!
Posted 07/04/09 at 07:58pm
GoodRobotUs: Which seems to be the only point Jack proved, that some people find some games offensive. i.e. Nothing.
GoodRobotUs: Which seems to be the only point Jack proved, that some people find some games offensive. i.e. Nothing.
Posted 07/04/09 at 07:57pm
GoodRobotUs: The discussion was supposed to be whether games were dangerous not 'Do you find some games offensive'...
GoodRobotUs: The discussion was supposed to be whether games were dangerous not 'Do you find some games offensive'...
Posted 07/04/09 at 07:55pm
GoodRobotUs: Some agreed, some didn't, but it was their choice to make, not the governments.
GoodRobotUs: Some agreed, some didn't, but it was their choice to make, not the governments.
Posted 07/04/09 at 07:55pm
GoodRobotUs: By asking the audience their opinion, he more or less proved that it's a matter of personal choice
GoodRobotUs: By asking the audience their opinion, he more or less proved that it's a matter of personal choice
Posted 07/04/09 at 07:55pm
GoodRobotUs: Meh, he ended proving Mark's point for him
GoodRobotUs: Meh, he ended proving Mark's point for him
Posted 07/04/09 at 07:26pm
Erik: Jack if you are reading this you are a LIAR. There is no legal weight to the MPAA's ratings.
Erik: Jack if you are reading this you are a LIAR. There is no legal weight to the MPAA's ratings.
Posted 07/04/09 at 07:24pm
JDKJ: I still think my buddy the midget who rides a unicycle backwards while juggling four bowling pins would have been a much bigger hit with that crowd. And he can make up statistics and misinterpret studies, too.
JDKJ: I still think my buddy the midget who rides a unicycle backwards while juggling four bowling pins would have been a much bigger hit with that crowd. And he can make up statistics and misinterpret studies, too.
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Game Politics and Game Politics logo are trademarks of the ECA.
Game Politics and Game Politics logo are trademarks of the ECA.
Comments
"I think we need a game where instead of shooting (Nazis), we shoot Congress," he said. "This is embarrassing."
I can only imagine what will happen if the mainstream media gets their hands on this quote.
/popcorn
---
I'm not under the affluence of incohol as some thinkle peep I am. I'm not half as thunk as you might drink. I fool so feelish I don't know who is me, and the drunker I stand here, the longer I get.
Agreed... Can I have some popcorn? haha...
T2's stock is back up to 16.1 today, while EA's stock is still going down and is at 35.5... It seems EA is taking a decent hit, a week ago they were at 40, while T2 was at 16.3... So in ratio EA has dropped 5 times as much as T2. It is really too bad, I wanted to see how the DRM stuff was hurting them, but with the market screwed up like this, we will never know.
What are the laws about making games about killing elected officals... I believe you could actaully get in trouble over it.
Can I have some popcorn?
*passes the bucket DeepThorn's way*
---
I'm not under the affluence of incohol as some thinkle peep I am. I'm not half as thunk as you might drink. I fool so feelish I don't know who is me, and the drunker I stand here, the longer I get.
The mainstream media will just whine about video game bannings, but nothing serious will come out of it.
--- Official Protector of Videoland!
I would So buy that.
United we Stand, Divided we fall.
Games where you shoot members of Congress? Surely they are 10 a penny on Flash game sites? I'm sure Newgrounds has a few.
I'd settle for a good old fashion storm on congress with torches and pitchforks. I've said it once, I've said it a thousand times, Washington D.C. Needs a political enema.
Agreed with this too... And they need it badly.
I think we should do like Lewis Black suggested, march down to D.C. and electroshock everbody. Just to get them back on track.
Congress is to be lauded for rejecting a terrible plan. Don't jump onto some Wall Street millionaire's viewpoint of blaming Congress for failing to bail out him and his ilk with OUR hard earned tax dollars. The correct plan will have the government helping people keep their houses, not ensuring a bunch of greedy fat cats don't lose a portion of their profit.
A completely free market is open to exploitation, as we see all the time in every multiplayer environment. The Gov are the GameDevs, who must make rules and enforce them in order to let everyone play fairly.
Hold Congress and the rest of the government responsible to create a GOOD plan and follow up with re-regulating the financial markets so we don't face this particular fiasco again.
"Think Free or Die"
I completely approve of Congress throwing the Bill out.
Why? No-one read the fine print. It would have given Bush unlimited powers for an infinite time period.
~You Could Be Mine, But You're Way Out Of Line..~
Count me among those lauding Congress. In a truly free society, you have to be free to fail as well as free to succeed. Sometimes that failure is gigantic.