Are Game Companies Ready to Make a Move?
Over the last several months, the thrill has been gone from the video-game industry. With gamers addicted to World of Warcraft, Age of Empires III, and The Sims 2 it seems that the enthusiasm is gone. Troy Wolverton over at The Street believes game companies might get go juice thanks to the industry’s annual E3 convention as it gets under way in Los Angeles next week. Legit Reviews will have a number of staff members attending E3 this year and will be reporting on the hot topics as we find them.
E3 could provide a “catalyst” for the stocks, says the buy-side analyst. But it’s more likely that investors will continue to have to wait for the thrill to return. “All these companies have laid it out pretty clearly that calendar 2006 is going to be a real transition year for them,” the analyst says. “There isn’t much exciting now, [but] we may be getting some buzz going into the holiday season.”
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