Malathi's Feed
Nov 21, 2012

Burglar of Steve Jobs’ house admits to eight break-ins

SAN FRANCISCO (Reuters) – A former salesman who lost his job and ended up homeless admitted in a plea deal on Wednesday to burglarizing Steve Jobs’ house and seven other homes in a crime spree capped by his break-in at the late Apple founder’s Silicon Valley residence.

In return for his plea of “no contest,” legally equivalent to a guilty plea in California, Santa Clara County prosecutors agreed to recommend that Kariem McFarlin, 35, be sentenced to no more than seven years and eight months in prison.

Nov 21, 2012

THQ says in talks with sponsor, CFO resigns

SAN FRANCISCO (Reuters) – Video game publisher THQ Inc (THQI.O: Quote, Profile, Research) said on Tuesday that it has entered into exclusive talks with a financial sponsor for potential financing alternatives.

The Agoura Hills, California-based company, which has cut staff and shut non-core businesses in an effort to revive its business, did not provide further details while negotiations were underway.

Nov 21, 2012

THQ says in talks with financial sponsor, CFO resigns

SAN FRANCISCO (Reuters) – Video game publisher THQ Inc (THQI.O: Quote, Profile, Research, Stock Buzz) said on Tuesday that it has entered into exclusive talks with a financial sponsor for potential financing alternatives.

The Agoura Hills, California-based company, which has cut staff and shut non-core businesses in an effort to revive its business, did not provide further details while negotiations were underway.

Nov 15, 2012

GameStop profit beats forecast; cautiously eyes holiday

SAN FRANCISCO (Reuters) – GameStop Corp, the world’s largest retailer of videogame products, reported a stronger-than-expected profit on Thursday but lowered its sales forecast for this year due to uncertainty around the holiday shopping season as the video game market struggles.

Grapevine, Texas-based GameStop forecast same-store sales in 2012 would drop 6 percent to 9 percent, compared with a 2 to 10 percent decline projected previously.

Nov 15, 2012

GameStop Q3 revenue drops, profits beat Street view

SAN FRANCISCO (Reuters) – GameStop Corp (GME.N: Quote, Profile, Research, Stock Buzz), the world’s largest retailer of video game products, said its sales dropped in the third quarter due to slowing videogame hardware and software sales.

It reported adjusted net earnings per share of 38 cents beating analysts’ expectations of 32 cents.

Nov 13, 2012

Icahn ups stake in video game maker Take-Two

Nov 13 (Reuters) – Activist investor Carl Icahn increased
his stake in video game publisher Take-Two Interactive Software
Inc to 12.9 percent from 11.69 percent, according to a
regulatory filing on Tuesday.

It is the fourth time since Nov. 5 that Icahn has scooped up
stock in Take-Two, known for its “Grand Theft Auto” game.

Nov 13, 2012

All eyes on Call of Duty after strong Halo 4 launch

SAN FRANCISCO (Reuters) – Microsoft Corp’s “Halo 4″ action-shooter video game delivered robust sales on its launch — a good sign for the flagging video game industry and setting up a tough battle with Activision Blizzard Inc’s latest “Call of Duty”.

As more gamers migrate from console gaming to mobile offerings on tablets and smartphones, the video game industry has seen revenues decline and the performance of both titles in the upcoming holiday shopping season and 2013 is being watched closely as a gauge of future demand for the sector.

Nov 12, 2012

Microsoft ‘Halo 4′ sales hit $220 million on launch day

SAN FRANCISCO (Reuters) – Microsoft Corp said its “Halo 4″ video game racked up $220 million in global sales on its launch day, beating records set by previous installments of the hit series.

Action-shooter “Halo 4,” released last Tuesday, is on its way to reaching $300 million in global sales in its first week, making it the biggest launch in the decade-old Halo franchise’s history, the company said.

Nov 12, 2012

Microsoft “Halo 4″ sales hit $220 mln on launch day

SAN FRANCISCO, Nov 12 (Reuters) – Microsoft Corp
said the “Halo 4″ video game that it released last week racked
up $220 million in global sales on its launch day, beating
records set by previous installments of its hit game series.

Action-shooter “Halo 4″ — released last Tuesday — is on
its way to reach $300 million in global sales in its first week,
making it the biggest launch in the decade-old Halo franchise’s
history, the company said.

Nov 8, 2012

Activision raises outlook on hopes for ‘Call of Duty’

SAN FRANCISCO, Nov 7 (Reuters) – Activision Blizzard Inc
raised its 2012 outlook on Wednesday on expectations of
strong holiday sales of its latest title in the “Call of Duty”
franchise, despite competition from Microsoft Corp’s
blockbuster “Halo 4.”

Investors are keeping a close eye on action-shooter “Call of
Duty: Black Ops II,” a game that hits stores next week and
advances a franchise that has broken sales records and driven
Activision’s fourth-quarter performance in past years.