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 Paul Wachter - “As the movie income comes down, it leads to a lower salary, and capital gains will keep going up.”
 Michael Pachter - “Spielberg is a magnet to bring in talent. He will get all of Hollywood to start thinking about video games. Now you've got the guy who's got a guaranteed 300-million box office thinking about it. It's a big plus.”
 Michael Pachter - “After April, we expect monthly next generation software sales to remain fairly stable at around 100 - 150 million through October (representing year-over-year growth of 80 - 130 million), with declines of current generation software sales expected to remain at around 130 - 150 million monthly. We expect relatively flat sales through the summer months, with potentially robust sales in November and December, once next generation consoles from Sony and Nintendo are launched.”
 Michael Pachter - “We think that the decline in overall sales of current-generation software in December indicates the beginning of a trend that will persist well into 2006, and we anticipate double-digit declines in current-generation software sales for the first half of 2006.”
 Jeff Weachter - “That ruined it for us because we had to give them Saturday off to comply with the PIAA.”
 Michael Pachter - “We expect modest growth in November and dramatic growth in December,”
 Ken Wachter - “I think (hockey's popularity is) only going to get better when high school hockey begins being played in the market.”
 Susan Wachter - “Most people were projecting that interest rates would go up and the housing market would be hit,”
 Michael Pachter - “If they paid more than 200 million, then I seriously question their judgment.”
 Josef Schachter - “When the techs in the States went, the Canadians backed off as well. The whole falloff late in the day was as people backed off on the other side (U.S.) of the market.”
 Benjamin Schachter - “We thought the new openness was refreshing.”
 Michael Pachter - “The problem I have with the whole sequel thing is it's not just sequels. It's once we see that World War II combat shooters work, we've got 50 of them. The funny thing is the next year after we saw that, everyone thought, 'If World War II worked, Vietnam would work too.' But all those games were a disaster. Now we've got how many more World War II games coming out”
 Jeff Weachter - “Everyone thought we were a one-man team and we'd lose. These guys took it as a challenge.”
 Michael Pachter - “It was a perfect storm. One could say it was a bad strategy I would say instead of bad it was a very risky strategy. Essentially, they played blackjack and put a quarter of their money on each hand and busted every time.”
 Ken Wachter - “We bid very low the first time, not knowing, and this time we had a much better idea. It was a much better bid this time around.”
 Michael Pachter - “I guess that is the equivalent of betting 25 of your stack on four hands of blackjack and busting each time.”
 Kate Achter - “He would always tell us to never let our guard down. At times, we would tell him, 'You're so uptight, you just need to relax.' But if he wasn't like that I don't know if we would have taken some games as seriously as we did. It was good for him to be on our case about it all the time.”
 Josef Schachter - “The big thing was the U.S. market had a good day today.”
 Ken Wachter - “Why put in the extra travel, along with the expense of setting up and tearing down, if you don't have to”
 Michael Pachter - “Take-Two has always been a 'trust us' story. We think that Take-Two has become a 'show me' story.”
 Michael Pachter - “I think the SEC is very likely trying to understand what industry practices are and see if these guys have the potential to manipulate earnings.”
 Michael Pachter - “I think the SEC is very likely trying to understand what industry practices are and see if these guys have the potential to manipulate earnings,”
 Michael Pachter - “The question is, How many of those who didn't buy a 360 in December will now wait for the Sony Some will.”
 Michael Pachter - “The year's a mess. None of us thought six months ago the holidays would be so weak, and no one expected there'd be such a dramatic decline in sales for the current-generation of games.”
 Michael Pachter - “We believe that industry sales have been quite weak since Take-Two's late October negative preannouncement, primarily due to consumer malaise and a shortage of Xbox 360 hardware... Given weak November NPD sales and Electronic Arts' and Activision's recent earnings warnings, we believe that Take-Two likely experienced weak sales during the holiday period, as consumers continue to shun current generation games while waiting for next generation consoles.”

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