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Despite Rise In Game Quality, EA Boss Faces Fierce Doubts

Kotaku writes: If gamers most care about whether games are any good - not whether stock prices are rising - then what to make of calls for EA chief's ouster?

On Monday EA announced that it was lowering its forecast for annual revenue, from $3.9 billion to $3.675, blaming a tough gaming market and gaming costs.

On Tuesday, financial analysts were sounding the call for change in a news story that reported that EA's stock price has dropped 70 percent during Riccitiello's tenure, from $52 in 2007 to $16.25 on Tuesday. (It's at $17.11 right now.) Oft-quoted Wedbush Securities analyst Michael Pachter told Reuters that EA's current management had "zero credibility" with investors and predicted that the top execs at EA wouldn't last another year if the company's financial well being wasn't turned around. Analyst Arvin Bhatia of Sterne, Agee & Leach said "some drastic action" is needed.

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3077d ago