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Joao-Pierre Ruth
User Rank
Iron
Re: Bad Miss
Joao-Pierre Ruth   1/24/2012 9:07:56 AM
NO RATINGS
A bit of history on Majesco:

Morris Sutton, Jesse's father, founded the company and at first Majesco's bread-and-butter was republishing older video game titles to operate on more recent consoles. They would republish something like "Earthworm Jim", which ran on Super Nintendo, for later consoles. The republished games were often budget-priced and had a bit of a built-in audience. Morris Sutton also built up connections in the gaming industry.

Majesco was profitable and grew, then branched out to publish original titles. BloodRayne was the first of its originals to really catch wide appeal. The company started to shift its attention to pursue the bigger, premium game market with titles at higher price points. They still republished games but BloodRayne gave them a taste of a new audience.

With the company expanding, Yankowski was hired. The "Advent Rising" debacle and other miscues brought a swift end to his reign. There was a promotion tied to "Advent Rising" where players were supposed to have the chance to win a $1 million grand prize. Bugs in the game spoiled that plan in a high profile way. Majesco nixed the contest and offered consolation prizes instead.

 

icebreaker1975
User Rank
Silver
Looks like...
icebreaker1975   1/23/2012 12:54:06 PM
NO RATINGS
Majesco is dancing all the way to the bank!  Ill be interested to see how future titles from their company will do.

tokyogai
User Rank
Platinum
Re: Bad Miss
tokyogai   1/23/2012 9:13:15 AM
NO RATINGS
It really gives me serious doubts about the management of this company and what strategy they are following. This is a lucritive market- if you make some of the right moves. 

Phoenix
User Rank
Gold
Re: Bad Miss
Phoenix   1/20/2012 9:25:48 PM
NO RATINGS
They may be onto something big with the fitness craze specially for Zumba. I think they are on the right track with the game and it's likely to bring in more sales. But like you said Scott why is the stock so volatile? It's as if no one is sure what is actually happening.

Scott Raynovich
User Rank
Blogger
Bad Miss
Scott Raynovich   1/20/2012 10:43:34 AM
NO RATINGS
The bottom line here is that the company missed earnings estimates badly and it it got Creamed!

On the surface the stock is very "cheap" but why hasn't it made better progress? Something fishy going on here need more digging.





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