FishyJoe on 03 February 2009
NJ5 said: I think the article was updated, there are some more interesting things: EA Chief Financial Officer Eric Brown told Reuters in an interview that the video game industry overall was doing well and that demand was good but concentrated on the best-selling titles. EA expects to incur total restructuring charges, including severance and facility closures, of $65 million to $75 million, which will be recorded over the next 12 months. I'm still wondering how restructuring and special items took them from a profit to a $641 million loss. |
One of the big expenses seems to be goodwill impairment, which I perhaps means they overvalued their assets and repriced them?