The company has not issued any statements since it postponed reporting its Q4 and fiscal year 2001 results on January 22, leading to speculation among investors and analysts about the cause of the delay. The company said it was also "continuing to evaluate the range of restated financial statements previously announced for its fiscal year ended October 31, 2000", and that "certain of its previously announced estimates will have positive adjustments and others will have negative adjustments."
In light of the recent Enron/Andersen accounting meltdown, many are wondering whether Take-Two and its auditor, PricewaterhouseCoopers LLP, are at loggerheads over what will be reported, whether sorting out the company's finances has necessitated the long delay, or whether both scenarios might be playing out behind closed doors at Take-Two.
Take-Two shares continue to hold at $18.56.
