Join Date: Jun 2003
Location: I love Texas, and I don't drive a Lexus.
Finalized PS3 dev kits will be shipping to developers in June.
Updated: Wednesday, 15 March 2006
Game Shares Rise After PS3 Meeting
By Kris Graft
Electronic Arts and Activision shares rose as Sony announced a worldwide simultaneous launch of the PlayStation 3.
ImageAccording to Reuters, game publisher shares rose upon the expectation that the PS3 will be available in time for the crucial holiday season. This would translate to PS3 software revenue for publishers during the important quarter.
P.J. McNealy with American Technology Research affirmed his "buy" rating on EA, and upgraded Activision and THQ's "hold" ratings to "buy" as well.
EA shares were up 1.7 percent midday on the Nasdaq, Activision up 4.5 percent, THQ up 4.6 percent, and Take-Two up 2.8 percent.
Standard and Poor's equity analyst Gary McDaniel told Reuters, "I am viewing this as good news."