Electronic Arts: stocks rise, Pachter gives positive outlook |
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Electronic Arts' decision to purchase Bioware and Pandemic Studios seems to be getting some good reception as its stock reached its highest point in a year. There's been some question on the merits of the acquisition and not everyone was happy about it so the rise of the stock value speaks volumes.EA's stock rose 2.50 points at US$ 61.22 per share today, a satisfactory nod to their acquisition of the two studios that cost the US$ 860 million. Analyst Michael Pachter of Wedbush Morgan believes that EA's decision "will pay off, but there is some risk. In order to succeed, they will have to continue to generate great games. There's nothing to suggest that they won't."
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