Wedbush Morgan analyst Michael Pachter is advising caution on investment in Take-Two interactive, hinting that the recently issued grand jury subpoenas could signal criminal indictments for the publisher.
"We note that grand jury subpoenas are founded in criminal investigations," Pachter stated.
"As such, we believe that it is likely that one or more Take-Two employees may be subject to a potential criminal indictment."
The new unit comprises over 500 developers representing the entire World of Warcraft development team.
I used to be anti-union, it kills productivity, investment and turns product mediocre. Their games suck anyways though so what was lost? Might as well get their people paid until they are dissolved.
Modders have cooked up something pretty special – a Wii console which is small enough to fit on your keys. A wee Wii.
Another studio has held layoffs, this time its Humble Games letting go of its entire QA team according to social media posts.
They will rehire cheaper labor during the restructuring. The stupid thing is that they are struggling and the first thing they do is lower the quality.