Gary Cooper Believe Quotations

In turn, a larger installed base of hardware should lead to higher sales of video game software. In particular, we believe that these price points will appeal to a more mass-market audience.

We ... believe that the loss of Jeff Lapin, an experienced industry veteran, should be viewed negatively, ... However, we believe that most investors hold Take-Two for one reason: GTA: San Andreas.

We believe that Take-Two overpaid for the license given the lack of exclusivity and relatively small size of the baseball category. The only winners here are the Players Association due to the size of the minimum guarantees, and first-party publishers due to the lack of future competition from EA Sports in the baseball genre.

We believe key employee retention, over-dependence on one title, high cost structure, cash burn, and mounting liabilities, are some important reasons why an acquisition of Take-Two is highly unlikely.

While we cannot uncover all the nuances that occur inside any company, our work on Take-Two leads us to believe that serious problems surround the company's governance.