MCZ – Update

By: ispeculatornew
Date posted: 05.13.2007 (12:00 am) | Write a Comment  (0 Comments)

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MCZ – Mad Catz Interactive (American Stock Exchange) (Closing Price on Friday – 05/11/07 – $0.90)

There have been many positive developments since my last post on MCZ.

Madcatz started shipping wired and wireless controllers for the Playstation 3 in March. They announced a new agreement to produce accessories for Mass Effect for the Xbox 360. They renewed their license agreement with the NBA to produce a new line of controllers and other accessories. Also, on Friday they announced an agreement with Microsoft to produce faceplates for Halo 3.

This last announcement sent shares up almost 14% and deservedly so. Halo is the most popular game franchise for the Xbox and getting a license for Halo 3 is a smart move. Madcatz is also choosing excellent games to align itself with. Madcatz acquired a license to produce Gears of War merchandise last year. That title is very close in popularity to Halo.

The release of the new products and the new licenses are positive developments and they should benefit Madcatz’s financial results in the future. Madcatz reported fourth quarter results the last couple of years around June 8 so it will be another month before we find out how they are doing.

Barring some unexpected development I will provide an update after earnings.

Disclosure: I currently own shares of MCZ.

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