Pachter raises year-end software sales expectation

by Alexander Sliwinski { Sep 2nd 2008 at 9:00PM }

Michael Pachter, analyst extraordinaire at Wedbush Morgan, recently shaved his Predict-o-Matic Monkey® as punishment for inaccurately guessing the industry's software sales growth this year. Turns out that instead of a mere 19% jump in US sales for 2008, the monkey's dart should have hit the index card marked with "32%" against the wall.

Pachter also tweaked his numbers for Europe, increasing the expectation from 20% to 40% growth. Wedbush Morgan now has a combined expectation of software sales growth in Europe and the US of 36% over 2007's record-breaking figures. Pachter is currently reviewing Predict-o-Matic's return policy.

Tags: pachter, wedbush-morgan

Reader Comments (Page 1 of 1)

Ridgecity @ Sep 2nd 2008 9:12PM

I'm glad this guy came, and in just a few months, is seen as the Dalai Lama of gaming business, and bloggers follow his life and predictions... He made gaming magazines and journalists irrelevant.

gir @ Sep 2nd 2008 9:25PM

I can't believe he's getting paid for this.

juju187 @ Sep 2nd 2008 9:31PM

he doesnt look rich.

rooshma @ Sep 2nd 2008 10:09PM

Sorry to be a downer, but all I can say is that I hate Michael Pachter. I honestly have no idea what type of company pays him money for predicting that we won't have another batch of consoles. Instead we will have incremental upgrades to an already existing base, so a PC. What a moron.
What's weirder still is that Wedbush Morgan apparently isn't losing very much money by paying a man to analyze consoles, and almost always be wrong.

HB96st @ Sep 2nd 2008 10:47PM

This guy knows crap about games... He gets all his info from old egm magazines... Nah, worse.. gamepro.

Soopa @ Sep 2nd 2008 11:30PM

don't forget Patcher's the guy who said Wii Fit wasn't going to be a huge hit in America. This guy is wrong like 90% of the time, worst analyst ever.

Kspraydad @ Sep 2nd 2008 11:34PM

Before joining Wedbush Morgan Securities, Michael worked as a Director at Management Resource Center, a middle-market investment bank. Prior to that, Michael spent 15 years in various financial and management positions at Atlantic Richfield Company, most recently as Director of Strategic Planning. Michael brings over 20 years of experience as a finance professional to Wedbush Morgan Securities.

Michael holds an M.B.A. from the Anderson School at the University of California at Los Angeles, a juris doctor from Pepperdine University, an LL.M. in Taxation from the University of Florida, and a bachelor's in Political Science from California State University, Northridge

Now what qualifies this rube to analyze the Entertainment business again?