The Godfather II (Xbox 360)Godfather II DelayvedJoystiq.com - February 4, 2009
Submitted by Buggles (1066)
at 7:43AM PST on February 4, 2009
Electronic Arts today announced the delay of the Godfather II game.
CEO John Riccitiello was quoted saying that the flood of Christmas releases has left retail flooded with titles that are now reduced to clear. Releasing the game in that retail environment would harm its chance to perform in line with the game's potential.
This delay would also allow EA to build more buzz for the game, increasing potential day 1 sales figures.
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IMO, cashing out at #10 sales are not applicable to this stock, since the cause is delay (which no one can predict), not underperformance (which should be predictable). Most probably it will be "all trades refunded".