TTWO over 1 mil shares traded in pre market

[chinaman711]

TTWO most active in pre and XING is 2nd most active. Its gonna be a great day for 1 of these 2 stocks.

[soundlanguage]

http://www.businessweek.com/ap/financialnews/D8IGHUJG2.htm?sub=apn_home_up%26chan=db


Thanks for the heads up Chinaman.

This would explain why, i'm seeing a mass sell off of TTWO already ... which means a nice bottom to buy into later today or tomorrow for a small friday correction. *Kaaachingggg*

[chinaman711]

cnbc was talking about ttwo this morning there has to be more to this story. All this over not rating the game adult. You may be right this might be a good bottom play soon. Good luck

[chinaman711]

AP
Take-Two Interactive Continues Tailspin
Wednesday June 28, 2:18 pm ET
Take Two Interactive Shares Continue Slide After Subpoena News


NEW YORK (AP) -- Shares of Take-Two Interactive Inc. continued their slide Wednesday following Monday's news that officials requested documents from the video game maker relating to corporate governing practices and hidden scenes in one of its games.
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Shares lost 13 cents to $10.72 in midday trading on the Nasdaq after bottoming out at $10.34 earlier in the day. The stock declined 16 percent to close at $10.85 the day before, following the company's announcement late Monday that the Manhattan District Attorney requested the broad-ranging records on June 19.

The subpoenaed records cover audits, partnering agreements, earnings results and acquisitions. The company has not been named as the target of an investigation.

Other subpoenaed documents are said to be connected to whether or not company officers and directors knew of secret, sexually explicit scenes that were uncovered in its popular game "Grand Theft Auto: San Andreas."

Some analysts reacted by suspending or lowering target prices.

But Janco Partners Inc. analyst Mike Hickey weighed in Wednesday with a client note urging investors with "extraordinarily high risk tolerance" to buy shares on a recent pullback in stock price. He reiterated his "Buy" rating and $22 target price.

The investigation may prompt some changes in the company's management team, with whom some investors have become disillusioned, Hickey said. The addition of new management could boost the company's credibility, he added.

The analyst noted that the Federal Trade Commission and the Securities and Exchange Commission recently gave the company's documents a "scrubbing" and said he is unsure what the agencies might have missed. He said the new inquiry may be "politically motivated."

"To the best we can determine, the District Attorney's document request could be a look at the company's stock option practices," he wrote. However, he said he does not believe that any criminal investigation of executive stock options would hurt the company's finances.

Hickey said he believes that the video-game industry is poised to grow and said he expects Take-Two's "Grand Theft Auto" franchise will remain successful.

Shares of Take-Two Interactive have ranged between $9.85 and $28.16 over the past year.

[chinaman711]

Press Release Source: Take-Two Interactive Software, Inc.


2K Announces Prey Has Gone Gold
Wednesday June 28, 7:45 am ET
Highly Anticipated First-Person Shooter Coming to Xbox 360 and PC


NEW YORK--(BUSINESS WIRE)--June 28, 2006--2K, a publishing label of Take-Two Interactive Software, Inc. (NASDAQ: TTWO - News), and 3D Realms today announced the first-person shooter Prey has gone to gold master and will be available in North America on July 11th and in Europe on July 14th. Developed by Human Head Studios under the direct supervision of 3D Realms, Prey will be available for Xbox 360(TM) video game and entertainment system from Microsoft and PC in both a regular edition and a Limited Collector's Edition. The demo for the PC version of Prey is currently available for download, with an Xbox 360 demo available soon.
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"Prey raises the bar for first-person shooters and is a must-have game for the summer," said Christoph Hartmann, President, 2K. "Its unique features, crisp graphics and in-depth storyline make it a truly revolutionary game."

Prey is a groundbreaking first-person shooter that turns the genre upside-down with new gameplay features and next generation graphics. Breaking the traditional first-person shooter format, Prey introduces innovative gameplay elements including wall-walking, portals, spirit-walking and gravity flipping, which allows for insane eight player deathmatches.

"We are proud to continue our tradition of releasing innovative and dynamic games for the PC and console game markets," said Timothy Gerritsen, CEO, Human Head Studios, Incorporated. "Prey is the culmination of nearly five years work to bring a truly innovative product to a first- person shooter market clamoring for something new."

"Prey's greatest message is that a commitment to quality, polish and unique gameplay is a sure-fire way to build a brand and one we strongly believe will have staying power for years to come," said Scott Miller, CEO, 3D Realms. "We believe Prey will be a major hit for gamers worldwide."

Prey for Xbox 360 and PC has been rated "M" for mature by the ESRB. For more information on the title visit the official website at www.prey.com.