$16.55
-0.30 (-1.78%)
Electronic Arts, Inc. (ERTS)
CAPS Rating:
The Company develops, markets, publishes and distributes interactive software games that are playable by consumers on video game consoles, personal computers, mobile platforms and online.

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Electronic Arts stock price got hammered in late 2008 and Jan '09, and rightly so. It's big games didn't perform as expected and it's most of its new IPOs didn't deliver. However, they've got a lot going for them. They've got several Nintendo Wii games coming out taking advantage of Nintendo's upcoming Motion Control Plus (This will be HUGE!!!). A tennis and Tiger Woods golf game that I know about. And early previews say they are both amazing. They've also got a sequel to Boom Blox, a Steven Spielberg backed game, that's getting strong previews as well. Oh, and a Dead Space spin-off, also for the Wii. With the huge Wii base, I'm expecting Electronic Arts to do well with these games. They also have Fight Night Round 4 coming out for all the major consoles, and there's no way this won't be a big seller. In addition, they've cut staff, trimmed the number of games they're releasing, and consolidated studios, all smart moves given the economy. EA's been beat down, but I believe they've learned from their mistakes. And if they deliver the goods in 2009 as I expect, gamers will reward them. And us.