Try our new beta! Click here
Submitted by lifesanrpg 983d 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
New stories

PGenom has launched the early access for their Sci-fi MMORPG shooter “Project Genom”

1h ago - There are plenty of Mmorpg games on the market right now, so the competition is really hard for t... | PC

Arpiel – Nexon reveals opening trailer for upcoming short anime series

8h ago - Just before G-Star 2015 started, Nexon announced it is entering the anime/ cartoon business with... | PC

HotLiked - What the Internet is talking about right now

Now - Kill some time at You will regret it... | Promoted post

Bubble Genius - Tips, Tricks, Cheats, How to Beat, and Strategy Guide

17h ago - Bubble Genius is a new bubble shooting game for the iOS and Android platform. Your goal is to pop... | iPhone

BeatNiks - Tips, Tricks, Cheats, How to Beat, and Strategy Guide

17h ago - BeatNiks is a new virtual pet game by Harmonix, best known for the development of the Guitar Hero... | iPhone

Nintendo 3DS XL with Super Mario 3D Land Game: $129.99 (Reg. $174.99)

17h ago - Grab the Black Nintendo 3DS XL with Super Mario 3D Land Game for $129.99 at Amazon! Take... | 3DS