It seems like EA's stock price may just be a masochist. After EA unleashed the pain of an underperforming quarter, the company's stock responded today by rising as high as $17.60, a 13.5 percent increase from yesterday. Hurts so good indeed. Well, not for these guys and girls. But you get the idea.
See, we knew releasing a bunch of untested IPs would be good for EA! We just didn't know the help would be quite so ... indirect.
Reader Comments (12)
Posted: Feb 4th 2009 4:56PM (Unverified) said
Does the AOL ad for the diamond earrings look like two middle fingers to anyone else?
Posted: Feb 4th 2009 5:05PM (Unverified) said
Well EA's stock has been really low for a while now. It was only a matter of time until it would raise again.
Even with this recent raise, it's still only a third of what it used to be for the last couple of years. At least according to Google Finance: http://finance.google.com/finance?q=ERTS
Even with this recent raise, it's still only a third of what it used to be for the last couple of years. At least according to Google Finance: http://finance.google.com/finance?q=ERTS
Posted: Feb 4th 2009 5:05PM (Unverified) said
At some point one would hope that people would mature enough to realize that this is a business, not a testing ground for 'innovative ideas' so artsy types can fill their jeans with excitement. But that would require said people to grow up, which ain't likely to happen.
Funny how everyone pats themselves on the back for screaming about how we need more "innovation"!!! but nobody seems to want to shoulder the blame for risky business ventures when people lose their jobs.
Funny how everyone pats themselves on the back for screaming about how we need more "innovation"!!! but nobody seems to want to shoulder the blame for risky business ventures when people lose their jobs.
Posted: Feb 4th 2009 5:18PM Nytemare said
It wouldn't be cool to see this company go down. Seeing as to they own like 50% of the western gaming companies.
/exaggeration
But yeah, who would fund all those companies left behind if EA went under?
/exaggeration
But yeah, who would fund all those companies left behind if EA went under?
Posted: Feb 4th 2009 6:26PM FredFredrickson said
Maybe someone with a better vision? Yeah, EA put out Dead Space and Mirror's Edge, but for all the companies they publish, that's not nearly enough innovation.
Reply
Posted: Feb 4th 2009 5:39PM Joeybeast said
Maybe EA just has a lot of Need for Speed in the pipeline.
Posted: Feb 4th 2009 6:24PM FredFredrickson said
It must be really easy for EA to make money when it's busy laying off all its employees.
Posted: Feb 4th 2009 6:32PM (Unverified) said
So, EA finally focuses on quality, then as a result, their sales decline. Now, because their sales decline their stock price goes up. Nice.
Posted: Feb 4th 2009 6:38PM (Unverified) said
To be honest I'm very happy to see the new direction that EA has gone they have launched some great new IP's that will become big in the future. I agree with Douche it's a shame innovation is not rewarded in this industry. We all want innovation yet the biggest sellers are always sequels. A lot of people are still hurting from the economy but I can see all their new IP's selling consistently till next holiday as people try to catch up with lat years onslaught.
Posted: Feb 4th 2009 10:28PM Vegnagun said
I'm excited about the new EA. I've really gotten some mileage out of new EA titles lately. I'm happy that EA is producing some quality new IPs, even if it is losing them cash...and employees. Good to hear their investors think the same way.





