Take-Two delays "Grand Theft Auto IV"

[Bond]

Take-Two Interactive Software Inc. (TTWO.O: Quote, Profile, Research) on Thursday cut its 2007 sales forecast and said it would post a full-year loss, before one-time items, because it needs more time to complete its highly anticipated "Grand Theft Auto IV" video game.

The company's shares slid 8 percent in extended trade following the announcement.

The game, which had been scheduled for release in October, is now planned for release in the fiscal second quarter of 2008, Take-Two said.

Source: Reuters

It's a rather crowded fall for videogames anyway. Not a big deal in my mind.