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Dec 1, 2010

Reuters Summit-Take-Two sees opportunity in digital

NEW YORK, Dec 1 (Reuters) – Take-Two Interactive Software
Inc’s (TTWO.O: Quote, Profile, Research, Stock Buzz) chairman said the video game sector remains ripe
for consolidation, even as he highlighted new opportunities in
the digital and mobile arenas.

Strauss Zelnick told Reuters Insider that although digital
and mobile currently make up less than 10 percent of revenue,
he estimated that could grow to 25-30 percent “over time.”

Dec 1, 2010

Reuters Summit – Activision cool to mobile, social games

NEW YORK (Reuters) – Activision Blizzard Inc sees little financial opportunity in the young but growing markets for mobile and social games, and expects growth to come from expanding the reach of its existing video game portfolio.

Activision Chief Executive Bobby Kotick said that as the customer base of the $50 billion video game industry continues to grow, the company’s blockbuster franchises like “Call of Duty” and “World of Warcraft” still have the ability to reach new gamers.

Dec 1, 2010
via MediaFile

GlobalMedia-Gaming giants differ on mobile, social games

Much of the buzz in gaming these days revolves around two small but fast-growing areas: social games and mobile ones played on smartphones. But two titans of the video game industry have decidedly different takes on those markets.

There are already tens of thousands of game apps available for the iPhone and competing Android smartphones, and tens of millions of people playing free games on Facebook.

Dec 1, 2010

Activision cool to mobile, social games

NEW YORK (Reuters) – Activision Blizzard Inc sees little financial opportunity in the young but growing markets for mobile and social games, and expects growth to come from expanding the reach of its existing video game portfolio.

Activision Chief Executive Bobby Kotick said that as the customer base of the $50 billion video game industry continues to grow, the company’s blockbuster franchises like “Call of Duty” and “World of Warcraft” still have the ability to reach new gamers.

Nov 30, 2010

EA to winnow game slate again

NEW YORK (Reuters) – Electronic Arts Inc (ERTS.O: Quote, Profile, Research, Stock Buzz) expects to cut its slate of video game titles by as much as 40 percent next year as the company continues to invest heavily in its small but fast-growing digital and online businesses.

EA is making a big bet on mobile and Internet-based games, as sales of traditional packaged titles — which generate about 75 percent of EA’s revenue — continue to slump across the industry.

Nov 30, 2010

Reuters Summit – EA to winnow game slate again

NEW YORK (Reuters) – Electronic Arts Inc (ERTS.O: Quote, Profile, Research) expects to cut its slate of video game titles by as much as 40 percent next year as the company continues to invest heavily in its small but fast-growing digital and online businesses.

EA is making a big bet on mobile and Internet-based games, as sales of traditional packaged titles — which generate about 75 percent of EA’s revenue — continue to slump across the industry.

Nov 23, 2010
via MediaFile

Where’s Leo? At HQ, want a picture?

Photo

After weeks of sometimes comical coverage on the whereabouts of new HP CEO Leo Apotheker — a farce that had come to be know as “Where’s Leo?” — the company was likely happy that the subject was almost ignored in the aftermath of its earnings report on Monday. Almost.

Apotheker’s precise location became an issue when Oracle made it known that it was trying to subpoena HP’s head man as part of its high-profile lawsuit against SAP, where Apotheker was previously CEO. Oracle, waging a skillful PR war against its newest foe, claimed Apotheker was ducking the subpoena, which would have put him on the stand in federal court in Oakland, California. Oracle even hired private investigators to track him down.

Nov 23, 2010

HP raises 2011 outlook, Apotheker charms Street

SAN FRANCISCO, Nov 22 (Reuters) – Hewlett-Packard Co
(HPQ.N: Quote, Profile, Research, Stock Buzz) raised fiscal 2011 results forecasts and a solid debut
by new CEO Leo Apotheker calmed investors nervous about his
vision, sending the technology company’s shares up 3 percent.

Strong commercial computer, server and storage sales
spurred better-than-expected quarterly results for HP, easing
fears that the No. 1 technology company by sales was distracted
by internal turmoil. Former chief Mark Hurd departed in August
after accusations of sexual harassment.

Nov 22, 2010

HP raises 2011 outlook, Apotheker stresses software

SAN FRANCISCO (Reuters) – Hewlett Packard Co(HPQ.N: Quote, Profile, Research) raised its fiscal 2011 revenue and earnings forecasts after strong commercial computer and storage sales led to better-than-expected quarterly results.

Shares in the No. 1 technology company by sales climbed 1.6 percent. The bellwether did not appear to show any ill effects from the internal turmoil that has enveloped the company since August, beginning with the abrupt departure of former chief Mark Hurd.

Nov 22, 2010

HP raises 2011 outlook

SAN FRANCISCO (Reuters) – Hewlett Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz) raised its fiscal 2011 revenue and earnings forecasts after strong commercial computer and storage sales led to better-than-expected quarterly results.

Shares in the No. 1 U.S. technology company by sales climbed 1.6 percent. The bellwether did not appear to show any ill effects from the internal turmoil that has enveloped the company since August, beginning with the abrupt departure of former chief Mark Hurd.

    • About Gabriel

      "I cover personal and enterprise computing, consumer electronics and video games. I joined Reuters in 2008 and I'm based in San Francisco."
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