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."
 


Comments

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

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.

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

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..~

~You Could Be Mine, But You're Way Out Of Line..~

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

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"

"Think Free or Die"

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

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.

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

Agreed with this too...  And they need it badly.

Nido Web Flash Tutorials AS2 and AS3 Tutorials for anyone interested.
How to set Xbox 360 Parental Controls

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

I think we should do like Lewis Black suggested, march down to D.C. and electroshock everbody. Just to get them back on track.

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

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 LIKE the fence. I get 2 groups to laugh at then.

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

"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.


---
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.

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

I would So buy that.

United we Stand, Divided we fall.

There have always been motherf*ckers, there will always be motherf*ckers, but what we can't do is let them control our motherf*cking lives. -John Oliver, December 1st, 2008

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

The mainstream media will just whine about video game bannings, but nothing serious will come out of it.

--- Official Protector of Videoland!

--- Official Protector of Videoland!

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

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.

Nido Web Flash Tutorials AS2 and AS3 Tutorials for anyone interested.
How to set Xbox 360 Parental Controls

Re: GameCo Stocks Suffer in Wake of Congressional Bailout

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.


---
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.
 
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Adam802http://www.sfgate.com/news/article/Ex-Sen-Leland-Yee-may-be-headed-for-a-plea-deal-6358941.php07/01/2015 - 7:12am
Adam802Possible plea deal in Yee case: http://www.mercurynews.com/crime-courts/ci_28408532/leland-yee-case-plea-deal-appears-likely07/01/2015 - 7:11am
MattsworknameInfo, Im with goth on this, the moment people start saying "You can but you shouldnt" thats a slow slide into censorship07/01/2015 - 6:05am
InfophileIn other words, you stopped when you found out it was arguing for a position you disagreed with, but before you found out why.07/01/2015 - 5:29am
Goth_Skunk"In short, anyone can write a rape scene—but should they? Chances are, the answer is no." And that's where I stopped reading.07/01/2015 - 5:11am
InfophileRelevant to our discussion of rape in fiction yesterday: http://www.wired.com/2015/06/rape-scenes/07/01/2015 - 4:58am
Mattsworknameof players, over and over for the last seveal years. Among non RPG games, which make up the vast majority of current games, I think that you still see a large scale disparity between male and female in the AAA industry.07/01/2015 - 1:36am
Mattsworknamewilson. Out of RPG players yes, thats true, and in pc ciricles im not suprised, but RPGS make a small fraction of Console games these days and while pc gaming is seeing a resurgance, MMOs are actually retracting in size , as shown by WOW losing millions07/01/2015 - 1:33am
Matthew Wilsonhere is the study to prove it. http://www.pcgamer.com/researchers-find-that-female-pc-gamers-outnumber-males/07/01/2015 - 1:17am
Matthew Wilson@matt wrong over half of rpg players, both singleplayer and mmos, are female.07/01/2015 - 1:15am
MechaCrashRight, women don't usually play AAA games because none are aimed at them because they don't play them because none are aimed at them because okay you see where I'm going with this.07/01/2015 - 1:11am
MattsworknameI think the better path is this, more games built to give you the Choice of playing as male or female, and give the females good voice actors07/01/2015 - 1:08am
Mattsworknameup more then a fraction of the AAA games industry, but they make up a much larger part of the moble market.07/01/2015 - 1:04am
Mattsworknameandrew is right, to a point, as you are seeing a slow increase of women in games, but the sales shows that the lions share of gaming money comes from a male demo, and while andrew is right that it is changing, it's gonna be a LONG time before women make07/01/2015 - 1:04am
Andrew EisenI think more professional gamblers should get into games publishing. They'll play the odds but they'll also take risks to maximize profits.06/30/2015 - 11:57pm
Andrew EisenAt the end of the day, the ball is rolling and it's rolling in the right direction. Maybe not as fast as we'd like, but it is moving. All we can do is play the games that interest us and make our thoughts known.06/30/2015 - 11:55pm
Matthew Wilsonits unfortunate that the dataset is so tiny for female leads, and is a mixed bag, so money people get the wrong idea.06/30/2015 - 11:54pm
Andrew Eisen"Duke Nukem Forever sold poorly. See? Games staring white guys don't sell!" Pretty silly thing to say.06/30/2015 - 11:50pm
Andrew EisenOr, at the very least, that gamers aren't turned off by female leads.06/30/2015 - 11:49pm
Matthew Wilsonyou would think games like metriod, portal and tomb raider would show that it work, but hopefuly those knew ones will.06/30/2015 - 11:47pm
 

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