"US VIDEOGAME maker Electronic Arts failed to break its losing streak, reporting a net loss for the eighth quarter in a row.
The Redwood City, California-based company reported a net loss of $US641 million ($984 million) for the three months that ended in December, compared with a net loss of $US33 million dollars for the same period a year ago.
"Our holiday quarter came in below our expectations and we have significantly reduced our financial outlook for fiscal 2009, a clear disappointment,'' EA chief executive John Riccitiello said."
The part that sucks, is that people are going to lose their jobs as a result of this. But, I still find it hard to be sympathetic to EA. Its like when you find out that a savage murdering psychopath who slaughtered a maternity ward, just had his house burned down by a candle and didn't have insurance.
Oh, cruching the numbers. We can save EA, if everyone in the world donated just 15 cents, we could reverse the net loss, and ensure that great games (Well, made by great developers, SWALLOWED by EA, then later sacked) continue to appear on our shelves for the maximum amount possible, DRM infected and guaranteed addon packs that should've just been included in the original product with a $50 pricetag.
http://www.news.com.au/business/story/0,27753,25006515-31037,00.html