Analyst: Timing of EA CFO departure is 'unnerving'

by Alexander Sliwinski on Mar 24th 2008 1:45PM

UBS analyst Ben Schachter wishes the sudden departure of EA CFO Warren Jenson had been a more "smooth, well-telegraphed transition." GameDaily reports on Schachter's note to investors where he believes the news wasn't a "complete surprise" and Jenson's exit from the company was a "mutual decision;" however, given EA's financials of late it may raise some eyebrows.

EA already has a new CFO in the pipe after Jenson closes the books this fiscal year and Schachter maintains a "Neutral" rating for EA's stock. A far cry from Deutsche Bank's Jeetil Patel, who has a "Sell" rating for the company and believes EA has lost its luster.

Source

Tags: ea, Electronic-Arts, jenson, patel, schachter, take-two, ubs

Reader Comments (6)

I like EA lately. Hopefully this won't go too badly for them.

Someone needs to be there to fight Activision.

KOTOR MMO > WoW
Skate > Tony Hawk

Did EA have any luster to lose in the first place?

It was like hopping off of the Death Star.

i gotta admit- i hope it gets alot rockier for ea. they have been lazy and greedy (see Madden, Tiger Woods, etc) and maybe a real threat from activision will wake them up and demonstrate that in order to succeed it takes innovation and creativity, as opposed to simply rehashing existing games every year with little or no new features (again, see Madden and TW).