Pachter - E3 soon to be extinct

“We spoke with several ESA members, and believe that the vast majority prefer to return to the glory of past E3s. In our view, E3 as currently configured is headed for extinction, and the industry is quickly running out of time to fix the show. We think that the traditional 60,000 person trade show may have been too large to manage effectively, but think that the new 3,000 - 5,000 person shows are a terrible disappointment, even though the logistics were improved over last year’s spread out Santa Monica locale.” - Wedbush Morgan (super) Analyst, Michael Pachter