A little update to the whole casual numbers thingy. Yeah it is a whole lot worse than what they actually put out. But hey... there are no softening or fudging of the numbers with Arts of Electronica. Going to break up these 3 parts/quotes here:
Part I
Statement in the investor conference call:
"In our last call we indicated that we had
1.7 million active subscribers, and as of the end of April we now have 1.3 million, with a substantial portion of the decrease due to casual and trial players cycling out of the subscriber base, driving up the overall percentage of paying subscribers."
The response to that was the following:
"You know what's worse. Ricetello got it wrong. It was 1.3 million at the end of March. The clown can't even get his own company's fiscal-year-end right. The financial statement package clearly says:"
Electronic Arts Inc. (NASDAQ: EA) today announced preliminary financial results for its fourth fiscal quarter and fiscal year ended
March 31, 2012.
And goes on to say:
STAR WARS®: The Old Republic™ active subscribers are 1.3 million.
http://investor.ea.com/releasedetail...leaseID=671113
"It's March 31st. Not the end of April. The guy is a clown (or he could have done it on purpose and is a liar). This is as pathetic as it gets. The guy just talks out his butt fast and furious and screws up important details. I honestly don't know why he hasn't been fired. He is to EA what Carley Fiorina was to HP."