10°
Submitted by lifesanrpg 580d ago | news

Needham & Company: 'Riccitiello's departure underscores difficult transition to new platforms'

GameZone writes, "Transitioning from current to next-gen consoles will prove more difficult than many of us thought. The latest casualty was Electronic Arts' John Riccitiello who, just yesterday, stepped down as CEO of the company. In his farewell letter, detailing why he left the company, he confirmed EA will fall short of the internal operating plan set last year and will come in at "the low end" of the financial guidance issued to the Street. The information has caused Needham & Company, a nationally recognized investment banking and asset management firm, to downgrade EA from Buy to Hold." (EA, Industry, John Riccitiello)

Add comment

You need to be registered to add comments. Register here or login
Remember
New stories
30°

Lords of the Black Sun - PC Review | Chalgyr's Game Room

1h ago - Chalgyr's Game Room writes: When I first previewed Lords of the Black Sun I was unsure of what... | PC
30°

8BC Plays: Batman Arkham Origins – Part 1

1h ago - 8BitChimp says, "He is the night, he is justice, he…. is just beginning. Welcome to 8BitChimp Pl... | PC
20°

Dice Europe Live Stream: Opening the Doors of Development

1h ago - On Wednesday 24th Sept, Tameem Antoniades gave a talk at DICE Europe in London entitled Opening t... | PS4
30°

ASUS GL551J Gaming Laptop Review - AllGames

1h ago - Excerpt: A few weeks ago, a package was left at my door containing a shiny new ASUS gaming laptop... | PC
Ad

iCreditCardNow.com

Now - Quickly locate just the right card for you. | Promoted post
40°

Lost Video Game Mascots

1h ago - "When you think of Nintendo what pops in your mind? Most likely the name Mario will your answer.... | Retro