News: EA management credibility is “nonexistent”
February 11th, 2010
Investors have no confidence in management at Electronic Arts, after the company lowered earnings expectations in January after posting losses for eleven consecutive quarters.
That’s according to a report by Business Week, which pointed out that stock in the publisher has dropped 68 per cent over the period.
“Management’s credibility is nonexistent right now,” said Patrick Becker, chief investment officer of Becker Capital Management, which holds around 1 million shares in EA.
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