This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Take-Two Jumps as Release Timeline Clarifies

Shares of Take-Two Interactive (TTWO) jumped more than 5% Monday after the video game maker set a date for the debut of its next Grand Theft Auto game.

Shares of Take-Two were recently up $1.60, or 5.1%, at $32.90.

Take-Two, a lightning rod among investors because of ongoing accounting controversies, announced that Grand Theft Auto: San Andreas will hit shelves Oct. 19 in North America and Oct. 22 in Europe. The game will initially be available only on Sony's PlayStation 2 console.

The latest game is the fourth in the blockbuster Grand Theft Auto series, which has seen 30 million units shipped to date. Despite such success, Take-Two has been criticized by some investors as a one-hit wonder. Its stock is trading at a substantial discount to peers, with a price of only 13.7 times 2004 earnings.

Part of the reason for that discount, of course, is a Securities and Exchange Commission investigation, in which the agency has notified Take-Two it is planning a civil action. The company has restated its results at least twice in less than three years.

Take-Two also was the only large video game maker to suffer weak sales during the crucial holiday season. The company will report results for its fiscal first quarter, which ended Jan. 31, on Thursday.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,051.33 -28.24 -0.17%
S&P 500 1,996.54 -0.20 -0.01%
NASDAQ 4,562.1080 +4.4130 0.10%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs