Latest News Of Gaming World!!

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  1. abhishekghosh
    Guys also do check out Rajan Bhai a.k.a. Roseboy11's Gamer's World thread. Recently updated.
  2. Priyank.aka.Owen
    oho great news for gamers
    thanx abhi bhai for sharing
  3. Target
    abhishekghosh u thought u going to put me into hard situation but no man

    NFS for life

    also i have not played any burnout games
    paradise this going to be my first
    and mainly im getting tht because its got free roam
  4. abhishekghosh
    @ Target: Call me AG.....well no problem!!!
    @ Adi: You got an ally bro!!!
  5. abhishekghosh
    c'mon guys!!! The gamers zone has been lying idle for days now!!! Do something yaar!!! Buck up!!!
  6. abhishekghosh

    Disney Interactive Media, which includes Disney Interactive Studios, their online games, and mobile phone products, has released the first fiscal year quarter report. The report detailed that the company’s revenue increased by 13 percent, but in the end, lost over $45 million dollars.

    Disney Interactive has reported it will be making some studios smaller and laying off some positions at development studio Propaganda Games.

    With recent losses by many companies, Electronic Arts has also recently reported some losses from their recent fiscal year third quarter.
  7. abhishekghosh

    EA reported some significant losses for the third quarter of its fiscal year, and EA CEO, John Riccitello, might just have a plan. Riccitello explained that EA needs to get its operating costs down and to do better on the Nintendo Wii.

    EA will be working hard on their EA Sports franchises, taking in a new Tennis game, and also is planning to release EA Sports Active. The company also mentioned Dead Space for Wii, and that they want to “rival Nintendo on their own platform.”

    This could be the plan EA needs to get ahead on the Wii market.
  8. abhishekghosh
    EA shares jump on cost-cutting plans

    By late morning, shares of EA were up more than 11% at $17.25. The stock has plunged by more than two-thirds over the past six months to hit its lowest range in a decade.
    The previous evening, the video-game publisher (ERTS:Electronic Arts Inc
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    Last: 17.27+1.77+11.42%

    4:00pm 02/04/2009

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    ERTS 17.27, +1.77, +11.4%) reported a deep net loss for its third fiscal quarter along with lower-than-expected revenue, as holiday sales of games such as "Need for Speed" and "Mirror's Edge" failed to live up to expectations despite the popularity of other titles such as "Rock Band 2" and the soccer series "FIFA." See full story.
    The company, which was already in the midst of a turnaround when the recession hit, outlined plans to cut costs aggressively, laying off 1,100 workers -- about 11% of its workforce -- and closing 12 facilities. It also shifted some key game releases into the next fiscal year, which begins in April.
    "We were encouraged by the tone of the conference call, and in particular think that the company clearly stated its plans," wrote Michael Pachter of Wedbush Morgan. "Accordingly, we think that EA is only one or two quarters away from restoring investor confidence."
    Doug Creutz of Cowen & Co. said moving the release date of games to the next year "throws fiscal 09 to the wolves," but should help the following period.
    "We believe that while fiscal 2010 guidance may be achievable, the company's past results suggest that predictions about the coming fiscal year made at this early juncture should be treated with a high degree of skepticism," he wrote in a note to clients.
    Todd Mitchell of Kaufman Bros. maintained a bullish view on the stock, saying the company has done "the reset we have been waiting for."
    Sales miss targets
    EA, the force behind big-name game franchises like "The Sims," "Madden NFL" and "Need For Speed," is struggling to improve its game offerings while coping with a slumping economy that is hurting the ability of consumers to buy high-end consoles and titles.
    "Although this is difficult to take apart the macro and the micro, a significant portion of the miss relates to our own performance," EA Chief Executive John Riccitiello said in a conference call. "Clear and simple, our titles did not perform to our expectations."
    For the third fiscal quarter, the company reported a net loss of $641 million, or $2 a share, for the period compared to a net loss of $33 million, or 10 cents a share, for the same period the previous year.
    Excluding charges related to stock options and other items, the company said it would have earned $179 million, or 56 cents a share, for the recent period.
    Total revenue rose 10% to $1.65 billion. Net revenue -- which includes deferred revenue from game sales -- came in at $1.74 billion. The company said sales for the quarter were driven by titles such as "FIFA 09," "Rock Band 2," "Need for Speed: Undercover" and "Left 4 Dead."
    Analysts were expecting earnings of 88 cents a share on revenue of $1.9 billion, according to consensus forecasts from Thomson Reuters.
    EA said the layoffs area expected to result in charges between $65 million and $75 million over the next 12 months. It hopes the cuts will help it shave about $500 million from its operating expenses for its 2010 fiscal year.
    For that year, which ends in March 2010, EA said it now expects non-GAAP revenue of about $4.3 billion. Analysts had been expecting revenue of $4.68 billion for the year. Earnings, excluding charges, are expected to come in at $1 per share compared to $1.09 per share predicted by analysts.
    Riccitiello outlined plans to focus more of the company's resources on the Nintendo Wii, which has passed up the Xbox 360 and PlayStation 3 as the most popular of the next-generation gaming consoles. He said the company has a "spectacular slate" of titles for the Wii set for fiscal 2010, including a Tiger Woods golf title and more sports offerings.
  9. adirocksit
    Electronic Arts has also recently reported some losses
  10. Priyank.aka.Owen
    good updates ag
    adi itni ankhein mat phad
    recession ka zamana hai
  11. abhishekghosh
    No good news in the gaming industry these days......This is
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