Analyst: Bioshock could go multiplatform in 2009
Things are looking brighter for Take-Two Interactive, as more analysts put trust in the company and believe investors could have their money well placed if they take part in the success Bioshock, Manhunt 2, and Grand Theft Auto IV promise. The first game mentioned already saw its release, but Janco Partners analyst Mike Hickey foresees more for the title.
According to the latest research note by Hickey, Take-Two’s “management turnaround plan” should boost share value, and upcoming Manhunt 2 will contribute a lot in bringing the dough. For Bioshock, well, he thinks the publishers can take the surprise hit to the PS3, PS2, Wii, and handhelds as the company reaches its 2009 fiscal year.
As for Mafia 2, the next big thing from Take-Two on PS3, Xbox 360, and PC which Hickey expects to experience platinum sales, the analyst suggested, “Additional capital could be used to insure liquidity for working capital needs, fuel potential studio acquisitions, and fund future development projects.”
All signs lead to more investors and greenbacks for Take-Two, but our eyes are on Bioshock. Not only is it a Microsoft exclusive, but also a graphical marvel made possible by 360’s power. Looks like time will tell how it’ll fare on other platforms, or if we’re talking spin-offs here.
Buy: [Bioshock (Games for Windows)]
Buy: [Bioshock (Xbox 360)]
Things are looking brighter for Take-Two Interactive, as more analysts put trust in the company and believe investors could have their money well placed if they take part in the success Bioshock, Manhunt 2, and Grand Theft Auto IV promise. The first game mentioned already saw its release, but Janco Partners analyst Mike Hickey foresees more for the title.
According to the latest research note by Hickey, Take-Two’s “management turnaround plan” should boost share value, and upcoming Manhunt 2 will contribute a lot in bringing the dough. For Bioshock, well, he thinks the publishers can take the surprise hit to the PS3, PS2, Wii, and handhelds as the company reaches its 2009 fiscal year.
As for Mafia 2, the next big thing from Take-Two on PS3, Xbox 360, and PC which Hickey expects to experience platinum sales, the analyst suggested, “Additional capital could be used to insure liquidity for working capital needs, fuel potential studio acquisitions, and fund future development projects.”
All signs lead to more investors and greenbacks for Take-Two, but our eyes are on Bioshock. Not only is it a Microsoft exclusive, but also a graphical marvel made possible by 360’s power. Looks like time will tell how it’ll fare on other platforms, or if we’re talking spin-offs here.
Buy: [Bioshock (Games for Windows)]
Buy: [Bioshock (Xbox 360)]
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