Hi All,
Reading an article dated Jan. 14th over at "
Industry Gamers" there's a former executive of EA Mr. Mitch Lasky now a partner at investment firm Benchmark Capital. Is crying foul regarding the overall strategy that EA CEO John Riccitiello is steering
Electronic Arts into market wise.
Article
Link.
Quote:
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He concluded, "It's equally amazing that the board continues to support the existing management team through this debacle. Since JR took over, the company has destroyed over $11 billion in market value. ... It's remarkably hard to kill a company doing $4 billion in revenues. But with flat or down stock performance since Q3 2003, how long are the institutional investors going to continue to hope against hope for a turn-around?"
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A interesting read to say the least.
Will the forthcoming AAA game title of "
Bad Company 2" turn things around for
EA? Much like Activision recently making $1 Billion US in sales from Modern Warfare 2.
Time will tell.