Wedbush: Majesco Sales Expected At $16 Mil, Optimistic On Future

In anticipation of Majesco's forthcoming first quarter earnings report, Wedbush Morgan's Michael Pachter has said he expects $16 million in sales for the company and is in good standing to reach a break-even point following former losses.

"We expect management to maintain its current guidance," said Pachter, ahead of the company's March 19th results, adding that "Majesco's [fiscal 2007] line-up of budget titles including 5 DS games and 3 Wii games should provide relatively modest revenue at a modest cost. Should any of these games sell in excess of 100,000 units, we believe that Majesco is well-positioned to generate upside to its guidance."

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