Maybe fear of Dreamcast success had something to do with the selloff today. COMP USA was apologizing in my Sunday paper for selling out on consoles and games and having to turn people away. Sega has many months to gain a foothold. EA wouldn't make a nickel off it since they aren't developing for it.
Anyhow, some profit taking was about due. This stock has never been volatile only on the upside.
I often forget that the average ERTS investor (including the funds) understands less than we do about what can happen in the game market. Seems to me everyone should have been expecting a strong Dreamcast showing since E3, when everyone was surprised how good it looked and how much support it had with solid games.
Now that Dreamcast has shipped and confirmed it isn't an outright dud, EA may look silly for having nothing on it. And then Sony is pricing PS2 at $375. Yikes. Good thing it's a DVD player and more. Of course, I don't honestly expect it to ship at $375 in the US next Christmas. That feels like such a long way away, doesn't it? Still, gotta say, I trust the folks at EA to make the right decisions on this one.
Anybody know how the new Final Fantasy is doing in the stores here? Certainly didn't stop anyone from buying Dreamcast.
PS2 SET FOR MARCH JAPAN LAUNCH; DVD-VIDEO PLAYBACK, BROADBAND DISTRIBUTION PLANNED Sony�s [SNE] announcement yesterday of the official name, launch date, price and spec of its PlayStation 2 held no surprises, but the confirmation that the console will play DVD-Video discs (plus possible support for future DVD technologies, like audio) and have broadband Internet capability is clear evidence of Sony�s intent to make PS2 an in-home entertainment center, rather than strictly a game machine. PS2 will go on sale in Japan on March 4, in line with Sony�s original statements (mmW, March 3), with Asia-wide launch in summer, and US and European rollout slated for next fall. It will cost 39,800 yen (about $360, and the same as the original PlayStation�s Japanese launch price in 1994) and ship with a �Dual Shock 2� analog controller (which looks identical to the current PS controller but is fully analog, costing 3,500 yen, or about $32) and an 8MB memory card (also 3,500 yen). The memory card will be able to store user identity and copy-proof musical data, although this feature will not be available at the time of the console�s launch, Japan Economic Newswire reported. This makes PS2 a significantly more expensive proposition than Dreamcast. Sega�s machine launched in Japan on November 27 at 29,800 yen (about $270), although it was cut to 19,800 yen (about $180) on June 24, in response to sluggish sales, following a claimed shortage of machines when enthusiasm was at its peak.