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Activision's CEO Sees No Sign Of Consumer Recovery
Activision CEO Robert Kotick can make some mean Modern Warfare games, but that will not be sufficient to get him back on CNBC again. Ever. CNBC's poor Julia Boorstin gets clotheslined (metaphorically, although it would be funny in real life) when she asks Robert whether the American consumer is back on track, no doubt hoping for a fervent yes as the cue cards said. At that point the man whose top line lives and dies by the vagaries of the 18-45 year old's spending habits takes a two second pause and replies: "We don't think so. I think that from a a macroeconomic perspective we definitely are in a challenging time and nothing that we see would give us encouragement that the economy is going to materially change any time soon." At this point the CNBC producer is rabidly screaming to cut to Joseph Cohen, who based on h....er extensive knowledge of stuff, and pets.com, sees the S&P at 1250 shortly, thanks to the US "consumer" who is now coming back with a vengeance and indiscriminately buying Gulfstreams, Rating Agencies and Senators. At which point someone asks h...er why Goldman's popularity rating is 4%...
Fast forward to 4:35 in the clip for some seriously unintended humor.
We would include the Joseph Cohen clip but if you've seen one recommendation of pets.com you've seent hem all.
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Bad, bad ROBOT. No one will front run HAL to get out, or ELSE.
it's droppin, someone kill the volume!
Thanks TD.
This is fantastic humor. Better than sitting at some comedy club.
No shit, Dick Tracy.
Maybe Julia thought she was talking to Abby.
"...Joseph Cohen, who based on h....er..."
Hilarious!
@HW
Please give Robert Kotick a call and tell him how your "ground level" view differs from his.
Who.....who is tha poor soul that has to watch this crap for ZH? My sincere condolences.
LOL. Just takin' one for the team, I guess. Hope they get combat pay.
i love it. abbey joseph cohen has a new 'man'doo every time i see it......hilarious!!
Julia totally tried to shut the guy up when *gasp* he didn't breathlessly talk up the jobless recovery in Amerika.
Green shoots! Green shoots! CNBC producers are about to get the green $h!ts when PMs go up even higher...
Part of me would have thought that huge unemployment would bode well for the video game industry. Clearly this is a disasterous sign for the "establishment" in keeping the people preoccupied while they pull the rug out from under their feet one thread at a time.
We'll know the revolution begins commencing as soon as those same unemployed can also no longer afford cable or satelite. Or perhaps we will see the "entertainment and leasure activities assistance program" wheeled out to address this issue soon.
+1
what to do when they don't want our bread *or* our circuses...?
maybe we need some *real* bombs, or an earthquake, or ...
'Pull the rug out 1 thread at a time'...I really like that one.
I think thats exactly right too- 'In america, the revolution will begin when the cable TV is cut off'
heh, perhaps the 'market' with all this trading is the new circus...
"oh SNAP" on us
Crash the Internet for a week and you'll see distraught gamers having deathmatches in the streets...
Video games retain no value at all. It has grown worse and worse. A project manager sleeps better when the project is on balance through pre-ordering.
The big issue is that from day one of official release, you can find brand new versions for half the official price.
One month later, prices can be slashed by three.
That's always a lot of pressure during the first month after release.
Doesnt mean there is less buyers.
Harry, S&P at 1163, quick, where's support? Or is this starting to feel a little like last week to you?
Harry goes on "vacation" whenever the market is down. If it goes up again, he reappears to tell us the wonderful buys he made at the bottom.
And this bit 'o truth is coming from one industry (video games) that has held up relatively well in comparison to many others.
If he wants to see a recovery, maybe he should concentrate on porn based games with a device that wraps around the penis.
ES just had over a 10 pt. drop. Back down to 1159.
That can't be right, will just reverse that out tomorrow.
The US stock market should continue to move ahead even as the economy slows down, Goldman Sachs strategist Abby Joseph Cohen told CNBC.
LOL
She says "great ..... great" . For foreign readers - when a female says "great .... great" she doesnt mean she is happy with what you just said what she is saying is "the voice in my left ear is screaming at me to get you the f... outa here".
Yeah - what happened to women being "good listeners?"
Exactly right, PrimeFool.
Women want men to be good listeners.
Men want to be respected.......and sex. Mostly sex.
Sex - is that what they still call it?
I don't give a rat's ass if a woman respects me as long as she'll have sex with me.
here we go again? djia down 95 in 10 minutes? the graph sure looks familiar.
this time we should buy in low, right?
(yeah, that's the ticket...)
Don't worry about it, didn't you hear about the new SEC mulligan rule?
LMAO, good one!
did you not read yahoo finance - cnbc advice
http://finance.yahoo.com/news/SmallCaps-Ready-to-Lead-As-cnbc-664442882.html?x=0&sec=topStories&pos=5&asset=&ccode=
C'mon guys - lay off AJC. She has been doing yeoman's work in letting Darwinian natural selection work in the investment universe. After all you would not want the 70 IQ pension managers and what not that have lost untold billions over the past 10 years taking her seriously to produce progeny would you?
oh oh - the Dow is down almost 100. There must be something pathologically wrong going on. Stop the machines! STOP THE MACHINES!!!!!
Fear not, the PPT is on the case.
Light Sweet Crude futures took a even bigger intraday dive that that... hmmm.
Golf Clap for Robert, at least someone has integrity.
Wow. Who was that ugly, crazy bitch with that crazy kids shouldn't be playing violent games agenda?
She needs to ease the Vag.
LOL.
She didn't say cut. She said 'Great'. Two times even. ;)
Video games = false sensations of evolutionary fitness.
Real evolutionary fitness = job+wife+kids.
After laying 80 women and killing 300 bad guys, the gamer is still the same lonely loser, wasting his time in a rush to be consigned to nature's dustbin, yet another of Darwin's failures.
Oh yeah, well now you can get a boyscout patch for it. What do you think about that!
You have the women/bad guy ratio inverted.
Hmm, shoulda guessed!
I suppose that's the inevitable progression of things!
Once you get beyond the age of 13...
Hey, Mr. Palladium. Have you ever actually played a videogame, or learned anything about them, or are you so shallow that you just enjoy the false sense of superiority you get from looking down your nose at people who do?
Yes, because the way to prove your fitness is to meet society's expectations for expected behavior to the letter.
Conformity = superiority!
Seriously, WTF? Are you really going to spit on gamers just because you have some things you assume they don't?
life in this country is after all one big massive video game about to go kaput!!!
videogames > television. sure, playing games isn't productive, but as entertainment, gamers brains aren't in complete meltdown like the average joe watching the tube. whether they ever do anything useful with that mental ability is debatable.
It's really sad watching Kotick trying to make lame excuses for firing Jason West and Vince Zampella and driving out the rest of the Infinity Ward studio.
Nothing succeeds like driving away priceless talent and demoralizing those who remain!
Bobby Kotick: Die in a fire, you loathsome little toad.
Firing the heads of Infinity Ward was shenanigans, plain and simple. None of the accusations against them add up to anywhere near the response you inflicted (mostly on yourself) and the mass resignations after the fact are just that much more evidence against you.
Take a look at the spread between ATVI and ERTS over the last 3 months.:
ERTS +12.64%
ATVI -1.35%.
That should tell you something.
Bring back pin-ball
theres an app for that
But you can't rest a beer on your iPod.