Slashdot Mirror

← Back to Stories (view on slashdot.org)

Take-Two Shares Plummet

Posted by Zonk on from the bounce dept.

On news that Rockstar was being sued by the city of L.A., the aftermath of Hot Coffee, and the 'unhealthy relationship the board of directors has with its management' Take-Two Entertainment's shares dropped sharply on Friday. From the article: "Cooper said in a note that the company is burning cash at an 'alarming' rate and that he expects 'more title delays, a possible SEC investigation and key employee departures.' This comes immediately after the news that Audit Committee Chairwoman Barbara Kaczynski resigned from the board on January 19, because she felt that management had failed to keep the board informed of key issues."

4 of 44 comments (clear)

  1. Sounds like time for a hostile takeover by Anonymous Coward · · Score: 5, Funny

    I know a guy down in Vice City who'll get the job done right.

  2. Re:Office fire by larry+bagina · · Score: 3, Funny
    And was I the only one that was surprised that Hot Coffee didn't result in a huge sales boom?

    It did... for starbucks

    --
    Do you even lift?

    These aren't the 'roids you're looking for.

  3. Hi Jack by Anonymous Coward · · Score: 1, Funny

    So now we know that Jack Thompson has a slashdot account....

  4. No big deal by ShadowMarth · · Score: 2, Funny

    So what? I mean, does anyone actually think that this is the end? Even should Take-Two go down (which is likely at this point), it will simply be bought by a larger development company (Microsoft). On the bright side, Jack Thompson is losing money on his stock...