Wedbush Morgan analyst Michael Pachter believes that US retailer GameStop made a "strategic error" in not acquiring UK chain Gamestation, allowing GAME to do just that, and closing off a growth route for GameStop in the process.
GameStop has released its financial reports for the fourth quarter ending February 2, reporting net income of USD 189.8 million - up 46 per cent from the prior year
GameStop has recorded profits of USD 24.7 million (EUR 18.3m), a rise of 111 per cent, and sales of USD 1.28 billion (EUR 949m), up 23 per cent, for the first quarter of 2007.