Sat, Aug 28, 2010 | 15:29 BST
Report – L.A. Noire delayed into 2011, says analyst
Looks like the rumor of L.A. Noire being delayed into 2011 reared its ugly head again this week.
This time though, the delay news comes from Pacific Crest Securities analyst Evan Wilson.
According to Wilson’s latest statement to investors, retail outlets have confirmed to him Team Bondi’s L.A. Noire was moved from a fall Q4 release well into Take-Two’s fiscal year 2011.
“We have confirmed the delay of L.A. Noire from fiscal Q4 (Oct.) well into [fiscal] 2011 [November 1, 2010 to October 31, 2011],” he wrote. “As far as we can tell, Take-Two has not shown the game to retailers.”
Wilson criticized T2 for being unable to accurately forecast release dates for its titles, but at the same time believes the continued success of Red Dead Redemption help the company’s financial forecast.
“”Clearly, management either has no control over the release of its games, cannot accurately predict the timing of their completion or is not concerned with the forecasts it issues to investors. In any case, the delays have reinforced the low confidence we have in current management,” said Wilson.
“We continue to have low confidence that management has any idea about when its games will actually be released and believe the confidence that it displays to investors is misplaced.”
L.A. Noire was first announced in 2005, and the latest delay for it was rumored back in June, to which both Rockstar and Take-Two replied it has never had a release announced and it does not “comment on rumor and speculation”.
Take-Two’s next financial call to investors is on Thursday, September 2, so hopefully we’ll hear something concrete on the game then.
We’ll be listening in as always for you.