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Pachter: EA boss fears for his job


 Pachter: EA boss fears for his job
By Jesszman - 07-10-2012, 11:15 AM - Boxden > BX GameSpot


EA president John Riccitiello fears he is at risk of losing his job over the publisher’s falling stock, according to US analyst Michael Pachter.

The media pundit told an audience at the Develop Conference that the EA president confided in him about the company’s falling stock.

Riccitiello wanted to know why EA’s stock is at an all-time low, despite its earnings going up.
The length of the current console cycle has taken EA by surprise. Patcher said the lack of new console announcements between 2008 and 2009 “contributed to sequelitis”, which is bringing companies into decline.

“I had lunch with John Riccitiello last week. He was asking me why no one wants to buy his stock,” said Pachter. “He doesn’t understand what’s going wrong.”

Pachter thinks that the reason EA’s stock isn’t rising is because “we’re in fifth year of the three-year turnaround”.

Riccitiello’s response, said Pachter, was: “‘Yeah, but, in 2008, when we said it’ll be a three-year turnaround, I thought new consoles were coming out in 2010-2011’.”

Pachter cited sequelitis as one of several issues that are harming the games business today, using Guitar Hero and similar music games as examples of a segment that has gone bust completely.
Pachter: EA boss fears for his job | Game Development | News by Develop


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7 comments for "Pachter: EA boss fears for his job"


 07-10-2012, 11:20 AMaway - #2
TheMob
Stop posting articles from "Pachter".
 07-10-2012, 11:23 AMaway - #3
Jesszman
Originally Posted by TheMob
Stop posting articles from "Pachter".
Why? this is legit, he wasn't "predicting" anything.
 07-10-2012, 12:38 PMaway - #4
Da Ill One|M
Pachter "kidding" about EA's Riccitiello being worried about job security

In a talk at the Develop Conference today, CVG and other outlets quoted Wedbush Securities analyst Michael Pachter as saying that EA boss John Riccitiello is worried about getting fired. Pachter has since clarified to GamesIndustry International that he was "quoted 'accurately' but was kidding."


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 07-10-2012, 04:58 PMaway - #5
Aurora
[pic]
 07-10-2012, 05:02 PMaway - #6
ruff
[pic]
 07-11-2012, 08:18 AMonline - #7
cold_young_thug
Damn he exposed this nicca. [pic] U can bet Riccitiello didnt want people knowing he feared for his job....or maybe he did.[pic]
 07-11-2012, 08:34 AMaway - #8
Soraci7
Is Jizzcan the Pachter of BXGS...






































































[pic]
 
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