Brier Dudley's Blog
Brier Dudley offers a critical look at technology and business issues affecting the Northwest.
E-mail Brier|
206.515.5687
|
Follow Brier on Twitter|
Microsoft Pri0 blog|
Subscribe | Blog Home
October 30, 2008 3:08 PM
EA cuts outlook, staff: So much for games being recession proof?
Posted by Brier Dudley
Electronic Arts, the Redwood City, Calif.-based game giant, is laying off 6 percent of its staff to shore up earnings, which are taking a hit from the downturn.
"Rock Band" and "Madden" sold well and EA held its sales forecast, but slashed its profit outlook. Instead of earning $1.30 to $1.70 per share, it's expecting $1 to $1.40.
From Bloomberg's report:
Retailers are seeing a decline in foot traffic, Chief Financial Officer Eric Brown said in an interview. Shelf space for video games is increasing at key stores, he said."We're performing at or better than the overall industry so we're taking share," Brown said. "We've adjusted as we think necessary."
Digg
Newsvine
UPDATE - 8:32 PM
Recently listed
Popular searches
general classifieds
Garage & estate salesFurniture & home furnishings
Sporting goods
just listed
60" Toshiba Television - $400
An elegant and stately Brickwede orignal corner ca - $499
Antique chair original horsehair stuffed Excellent - $225
More listings
POST A FREE LISTING
- Steve Kelley | My treatment of Bedard has been unfair
- Is Washington's tax exemption on bullion a gold mine?
- 747-8 soars smoothly on first outing
- Super Bowl ads: Betty White, Bud Light, big laughs
- Man found shot dead in pickup truck in Seattle
- Sex, drug rumors swirl about N.Y. Gov. Paterson
- Alaska Air dropping Jones Soda beverages, going back to Coca-Cola
- Lewis-McChord soldier charged with abusing 4-year-old over alphabet lesson
- Seattle is first U.S. stop for Picasso exhibit
- Husky Football Blog | Pac-10 expansion to get consideration over next year
- Republicans may be no-shows at health-plan summit
274 - Pac-10 expansion to get consideration over next year 226
- Obama: GOP and Dems together can spur job growth 208
- State Senate votes to clear way for tax increases 206
- Fort Lewis soldier charged with abusing 4-year-old, holding her head in water 193
- Lee undergoes foot surgery 148
- Rivals names Martin one of Pac-10's best recruiters 143
- Belltown boulevard could be completed by early next year 126
- Tobacco ban in Seattle parks affirms citizen right to breathe smoke-free air 79
- White House mocks Sarah Palin from podium 73
- Seattle is first U.S. stop for Picasso exhibit
- 747-8 soars smoothly on first outing
- City, Vulcan push higher South Lake Union height limits
- Commentary: Microsoft's creative destruction
- Snap out of your photo funk: How to make sense of all those piles of images
- Belltown boulevard could be completed by early next year
- Wine Adviser | Oregon's quality pinots join the bargain ranks
- All You Can Eat | Portage chef Vuong Loc takes Cremant space in Madrona
- Jerry Large | Learning not to copy China
- Rigorous college-prep classes skyrocketing in Washington state
May
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
| 1 | 2 | |||||
| 3 | 4 | 5 | 6 | 7 | 8 | 9 |
| 10 | 11 | 12 | 13 | 14 | 15 | 16 |
| 17 | 18 | 19 | 20 | 21 | 22 | 23 |
| 24 | 25 | 26 | 27 | 28 | 29 | 30 |
| 31 |
Video
Demo of the Week: TeachStreet.com
Share your thoughts!
Gadgets and games | Fun stuff I've written about lately includes Apple's iPhone, Hewlett-Packard's HDX laptop and Microsoft's Halo3. Also on the radar are new digital video boxes such as the Tivo HD and the Vudu.