ELBO has established a trading range between $18.00 and $19.12 over the last couple of weeks on "No News". I see this as a positive...because at the first hint of positive news from the Company buyers will appear. Since there are obviously very few sellers at this level, the MM's should be able to move the price up very quickly. In a way, not having news blips, every other day from the company, can also have a positive effect... because too much news, about nothing, tends to reduce the impact of really good news when it is finally reported. I too, at this point, wish the Company would give us something new to chew on but since I am committed here, for the long term, I will just sit back, relax and enjoy what I am confident will be a very profitable long term ride. It seems to me that the last time it got quiet like this was just before the ten point spike caused by the few second mention on CNBC. My point being...it doesn't take much, by way of positive news, to push this ELBO price up. I think that those of us who have held this stock long since the IPO (and in my case, cost averaged when the stock temporarily dropped down to $7.00 a share) are not interested in a short term profit but rather a long term position in a company that will continue, year after year, to grow and prosper. Having said that...lets hope Q4 earnings crush the estimates!!! Everthing I read about the industry in general would seem to point in this direction. Good luck all ELBO longs!!! Rather_be_long
day, as ELBO management to give an analyst style half hour presentation, over the internet in conjunction with the Emerals Research Investor. Emerald selects fast growing, up and coming companies to talk about themselves on an invitation basis. Maybe we'll get an inkling of how 4th qtr. went, as well as an update on possible e-commerce with a potential portal. Check out todays news release.
and welcome to the new ELBO investor/poster in the where to now? post. We are steadily being accumulated, as I mentioned in a previous post about info in IBD. I'm not budging from my position as well, because any positive news coming from ELBO will rock this baby up. Look for ELBO to creep up into the low 20's as we get into mid'late FEB. And we WILL ramp-up! If the 4th qtr. is the great qtr. we all think it is going to be, we're all going to be happy campers!
Thursday January 28, 12:47 pm Eastern Time Company Press Release SOURCE: PC Data PC Data Releases 1998 Video Game Statistics; Fourth Quarter 1998 Software Sales Soar 44 Percent, Console Sales Level Off RESTON, Va., Jan. 28 /PRNewswire/ -- U.S. retail sales of console video game software and hardware totaled $4.96 billion in 1998 according to sales figures collected by PC Data. Sony's Playstation accounted for 54 percent of the industry's unit sales and revenue, while Nintendo 64 captured 28 percent of the units sold and 35 percent of dollar sales. Compared to the fourth quarter of 1997, unit sales of video game software increased 44 percent and revenues grew 35 percent. Console system sales increased 20 percent in units for the fourth quarter of 1998; however, a $20 mid-summer price reduction of the two competing ``next generation�� consoles resulted in a decrease in revenue of 2 percent. According to PC Data, 1998's top software publisher was Nintendo, finishing the year with 23 percent of the total units sold and a 24 percent revenue share. Including the top title of the year, The Legend of Zelda: Ocarina of Time, Nintendo landed four of the year's top ten best-selling titles. Nintendo closed the year with an even stronger presence, placing five titles in the top ten for the fourth quarter 1998 and increasing unit sales by 49 percent and revenue by 27 percent over the same period last year. Sony was the number two video game software publisher in unit sales accounting for 14 percent of the units sold, including the year's top Playstation title, Gran Turismo. With a dollar share of 11 percent, Sony was the industry's number-three software revenue earner, following Nintendo and Electronic Arts. Electronic Arts was the number three software publisher with a 12 percent unit share and the number two publisher in revenue with a 13 percent dollar share. Acclaim finished in fourth place capturing a 6 percent unit share and a 7 percent revenue share. Midway ranked fifth with a 5.8 percent unit share and a 6.7 percent dollar share. Fourth quarter 1998 sales of the top five video game software publishers increased 33 percent in units sold and 22 percent in dollar sales over the top five publishers of Q4 1997. ``1998 was a turning point for this generation of consoles,�� said Matt Gravett, PC Data video game analyst. ``Console system growth was stagnant, yet software sales soared, indicating that the 32/64 bit consoles may have reached a level of maturation and saturation signaling that a new era of consoles may not be far off.�� Sony's Playstation outsold the Nintendo 64 by a ratio of 1.6 to 1 throughout 1998 while capturing 45 percent of the console systems sold and a 53 percent dollar share. However, tallying sales from the Nintendo 64, Game Boy, Game Boy Color and Super Nintendo, the top console manufacturer in units was Nintendo, accounting for a 54 percent unit share and a 46 percent dollar share. Sales of the two next generation systems began to wan in 1998, comparing the second half of 1998 to the same time period of 1997, Playstation saw unit sales increase 10 percent, while sales of the Nintendo 64 leveled, decreasing 1 percent. InterAct Accessories was 1998's top hardware accessories and peripherals manufacturer with 44 percent unit share and 41 percent dollar share. InterAct saw fourth-quarter unit sales increase 54 percent and growth in revenue of 52 percent for 1998 compared to 1997. Sony was the number two accessories and peripherals manufacturer with a 24 percent share of both units sold and revenue. Nintendo placed third with a unit share of 17 percent and a 22 percent share of revenue. With a unit and dollar share of 4 percent, Mad Catz was 1998's number four video game hardware accessories and peripherals manufacturer. Based in Reston, VA, PC Data has been providing point-of-sale data since 1991 and has become the only comprehensive source of software and hardware sales information.