Cooking Mama sequel could bring Majesco back from the brink

Known gaming analyst for Wedbush Morgan Securities, Michael Pachter, recently made comments that the sequel to Cooking Mama could actually help Majesco get out from the red and into the black. Pachter states "Majesco may continue to struggle with its low cash levels, we believe that the company is close to returning to profitability, due to improvements in its sales and cost management."

Pachter says that the success of the sequel title will help stabilize Majesco's revenues."We are increasingly positive on the story now that the company has been able to stabilize revenues in the $12 – 13 million quarterly range, and believe that Majesco can be slightly profitable at $65 million in annual revenues."

Majesco is due to report its third fiscal quarter earnings later on this month on September 11th.