business

Blue Yonder's Tom Bramwell has an article up on this past weekend's Xperience event to promote the Xbox console in the UK, and the reaction was less than stellar:

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Goldman Sachs is reporting what sounds like good news for Xbox sales: That more stores are sold out of it than of Nintendo's GameCube. It looks like good news, until you look a little deeper.

TeamXbox has a story quoting a Goldman Sachs survey of retailers, stating that 73% had sold out of the Xbox, compared to only 47% sold out of GameCubes:

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Cube.ign.com is running a story saying that Nintendo is claiming about $100 million worth of GameCube sales on their launch day:

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Kevin Jones at ConsoleDomain is reporting that sales of Nintendo GameCube games, consoles and accessories totalled $98 million its first weekend:

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SpondMax has posted a slightly altered version of Mumbo Jumbo's recent update at Myrgard Times. If you're a fan of black humor, it might be worth a laugh. If you're not, it might be actionable. You decide.

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Cesar at TeamXbox has reported that this week the Security and Exchange Commission (SEC) is suing 15 indivduals, including 11 Nvidia employees, for alleged insider trading in shares of the graphics chipmaker based on advance information that it would win a lucrative contract with Microsoft Corp. Five are being charged criminally.

From the TXB story:

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First of all, read the official word on it. This stuff is over my head, and I don't want misinterpret it too much. Basically, Take Two Interactive (Nasdaq: TTWO) is to acquire 19.9% equity interest in Bungie, giving Take 2 distribution rights to Oni, Halo, and two other undisclosed projects (!), while Bungie retains their status as an independant developer.

MACWORLD EXPO, NEW YORK CITY--July 21, 1999--Today Bungie Software announces Halo, a game that shatters the confines of typical game environments. Halo is a third-person perspective, sci-fi action epic that takes place indoors, outdoors, in the sky and beneath the surface of a world of astonishing realism and visual impact. Halo was unveiled this morning in Steve Jobs' keynote address to the Macworld Expo.

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