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GTA 4 Delayed \o/

Started by Deaths Head, August 03, 2007, 00:15:33 AM

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Deaths Head

See you in 2008...

http://news.yahoo.com/s/nm/20070802/tc_nm/taketwo_outlook_dc_1;_ylt=AqvQMi37XF1Mo2aJUnLFVxsE1vAI
QuoteLOS ANGELES (Reuters) - Take-Two Interactive Software Inc. (TTWO.O) on Thursday cut its 2007 sales forecast and said it would post a full-year loss, before one-time items, because it needs more time to complete its highly anticipated "Grand Theft Auto IV" video game.
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The companys shares slid 8 percent in extended trade following the announcement.

The game, which had been scheduled for release in October, is now planned for release in the fiscal second quarter of 2008, Take-Two said.

In a statement, Take-Two Chairman Strauss Zelnick said "certain elements of development proved to be more time-intensive than expected."

The company said that for the fiscal year ending October 31, it expects revenue of $950 million to $1 billion. It also forecast a loss of $1.25 per share to $1.35 per share, excluding one-time items.

In June, Take-Two said it expected revenue of $1.2 billion to $1.25 billion for the year, with break-even results before one-time items.

Shares of Take-Two dropped 8 percent to $15.55 from a close of $16.91 on Nasdaq.

Guess when the announcement was made.

twist


Jaitsu


Jaimz

Oh well will wait a bit longer before forking out for a 360 then :)

Jaimz :rock:


Smugs

TekForums member since 14th August 2002

Jaitsu

im actually made up, because towards the end of this year i am gonna be skint, theres too many games being released that i have to buy

argh