Los Angeles - Noted game industry analyst Michael Pachter, of Wedbush Morgan Securities, has given his review of this year's E3 convention -- which this year returned to the downtown Los Angeles Convention Center, albeit in its much-scaled-down form -- proclaiming that the event is "headed for extinction."

"In our view, E3 is headed for extinction, unless the publishers and console manufacturers wake up to the fact that nobody cares about the show anymore," said Pachter.

"We believe that show is ill-timed, coming after most major holiday announcements are out, and landing during 'quiet period' for most of the companies (making meetings with investors near-impossible).

"The lack of a spectacle will likely keep media away in the future, the lack of surprises will keep retailers away, and the lack of interaction with management will likely keep investors away."

Related Links:
http://snipurl.com/32o0f (GameDaily)

http://blog.wired.com/games/2008/07/analyst-e3-2008.html

http://www.e3expo.com