TUE, FEB 10: Video Game Stocks Fall and ERTS Takes Note

What a day in the market. Below the 8,000 mark again. Electronic Arts - ERTS fell -$1.75 per share. Sony - SNE also fell, losing $1.12 per share and Shanda - SNDA more than echoed Sony’s loss, falling $1.21. Navarre - NAVR rose $.08 per share. What is the significance [...]

POWER RANKINGS (week ending Feb 6)

Here are the Gametraderdaily.com power rankings for the week ending February 6. These power rankings are based on this last weeks stock performance in terms of percentage change. These rankings are not meant to be a guide to use to buy or sell shares of stock in a company. Gametraderdaily.com is not responsible for [...]

THUR, FEB 6: Electronic Arts - ERTS Continues to Surprise

I have the recipe for success. Report over $600 million in losses, fire 1200 employees and give a dim forecast and watch your stock soar over 15% over a period of two days. Yes, it seems that simple. Shares of ERTS were up $1.43 for the day and GameStop - GME had [...]

EA: You Have Some Explaining to Do - and Since We Are On the Subject, You too Midway

Can someone please tell me how a video game company, or any company, generates sales of $1.65 billion dollars, has a wonder hit known as FIFA 09′ which has almost sold 8 million copies - but loses $641 million dollars for the quarter? Don’t you think, if you were the CEO of a company, [...]

FRIDAY: Electronic Arts may lay off employees, Majesco updates fiscal results & GAME opening new stores (UPDATED)

Here are the Daily Bytes for Friday, January 30. Updated during the day so check back for NEW news.

Rumors are circulating that Electronic Arts may cut 55 employees. Also, this could mean that Need For Speed for the PSP is dead.
Majesco (COOL) has updated its fiscal results for 08′. Its new net [...]

Some Electronic Arts, Some Activision, A Little Bit of Comic Con and False Rumors

Daily News for January 27, 2009:

Electronic Arts has axed marketing and PR jobs in the UK as part of their 2009 downsize plan
New Downloadable Guitar Hero World Tour tracks in February. Tracks include musicians: Bob Seger, Paul McCartney, and the Shins.
You know those PSP2 rumors floating around the internet? They are apparently [...]

Getting Da’ Boot: Layoff Update

Another round of industry layoffs in the video game sector. As much as we want to pretend everything is great, we are brought back to earth when it happens to our own sector. Layoff update:

Black Box, Vancouver developer of Skate and Need For Speed, has laid off 200 employees. Around 50% of [...]

Another Electronic Arts Take Over Speculation

There have been rumors from several sources that Electronic Arts may take over Glu Mobile. Shares of Glu Mobile (GLUU) spiked yesterday over $.10, only to fall today by 16%. So what gives? Is this a legit rumor or is there some doubt? Just a little tid bit on Glu Mobile [...]