E3 'headed for extinction,' says Pachter
Watch out, E3! According to Wedbush Morgan analyst and man Michael Pachter, you could soon be heading the way of the Dodo, the Quagga, and decent Sonic games. In a note to investors titled "Entertainment Software: E3 2008 Review: The Bad, The Great, and the BORING!," the famously quotable analyst concluded that the latest E3 was a crushing disappointment, and described the event as "ill-timed," "boring," and "headed for extinction." Oh, Pachty, you sure know how to make a major industry event down on its luck feel special!
The show, which has been criticized by other industry figures of late, isn't beyond saving itself, but Pachter thinks it should be pulled back to no later than early June, and that "the spectacle should be restored by increasing the size of the show space."
To give this piece of news a Nintendo slant, we'll add that Pachter deemed Nintendo's presentation to be "just right", but did note the grumblings from core gamers that not enough announcements were made for them.
