Daily Archives: December 18, 2008

David Gelles

Cash-hungry startups beware. 2009 will likely be a terrible year for raising needed capital.

A new survey by the National Venture Capital Association paints a grim picture of probable investments next year. Ninety-two per cent of respondents predict a slowdown in US investments compared to 2008, and 61 per cent say the dip will be severe. 

Chris Nuttall

GTA IVVideo game software sales are up 30 per cent this year in the US, but the rising tide is not floating all boats – most publishers appear to be holed below the waterline.

Take-Two, publisher of the Grand Theft Auto series, is the latest harbinger of bad news. For its first quarter, covering the peak sales months of November, December and January, it is forecasting a loss of 70 to 85 cents per share on revenues of $175m to $225m.