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Rumors have been spreading around the Internet about PS3 Games having copyrights. This means that consumers cannot re-sell the games that they already own, ergo, they cannot buy cheaper second hand games. It's really no surprise that rumors with this kind of nature spread around quickly. But the fact that it did spread around and that people talked about it, only tells something about the possible reaction of people, in case the issues are true. To even things out however, Sony has denied the rumors about the illegal re-selling of PS3 Games. Though Sony claims that the delays were due to digital rights management or DRM troubles, many analysts believe otherwise. Analysts pose more pressing issues as reasons for the PS3 games console's launch delays. Eiichi Katayama, an analyst from Tokyo-based Nomura Securities' Financial & Economic Research, suggests that the delays are probably caused by the slow progress of graphics chip development. Others offer reasons such as insufficiency of appropriate software titles. However, Sony is quick to dismiss these rumors and again reiterated the problem of DRM for their Blu-ray optical drive.