According to Gamasutra:

With an additional 10 weeks of experience, we expect the new management team to lower guidance for FY:07 significantly. We believe that it is possible that the company will choose to “throw in the towel” on FY:07 by shifting the release date for Grand Theft Auto IV by a few weeks, increasing the losses incurred this year and improving the company’s prospects for FY:08.

We believe that a two-week delay would provide a reasonable gap between the launch of Halo 3 and the launch of GTA IV, and would actually help sales of both games.

In addition, a delay of the “normal” SKU for GTA IV by two or three weeks could allow Take-Two to maximize revenues from the $89.99 Collector’s Edition of the game by shipping that SKU on October 17, and to increase overall profitability.”

On the studio’s overall portfolio and increasing competition, he adds: “We continue to believe that at current levels, Take-Two shares are overvalued. In our view, the company faces an uphill battle in turning around its history of generating losses in a strong video game environment.

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