Analysts agree: EA's purchase of BioWare and Pandemic is a wise move |
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It's the general consensus among analysts that Electronic Arts' acquisition of BioWare and Pandemic Studios was a wise move. One of the more popular analysts from Wedbush Morgan, none other than Michael Pachter, also predicts that the US$ 800 million purchase will pay off.With the purchase of the two developers, Electronic Arts boosts their already solid reputation with "several games in development, six owned franchises, and 800 quality employees." Pachter believes that EA "has finally demonstrated the thinking behind its huge cash accumulation" with the purchase. (EA has nearly US$ 3 billion in cash.)
Pachter continues that if the companies continue with the quality of their past performance then "EA will likely achieve its goal of US$ 300 million in annual revenue." Not bad, not bad at all. Colin Sebastian of Lazard Capital Markets and Todd Greenwald of Nollenberger Capital Partners demonstrate the same confidence in EA, if not as strongly as Pachter does.
One analyst though, Ben Schachter from UBS, believes that we'll have to wait and see whether or not the acquisition was a good move. While he does agree that the acquisition was a good one over the long term, he's concerned that the steep price may have some negative effects on the company's current financial state.
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Comments [refresh]
how do you become an analyst, are they rich? ecause if so i want to be one. because whop would have guesed that buying 2 companies witch are just about to release HUGE games is good move is like pachter saying that EA's stocks rising is a good thing. wel no damn way. these guys have the easiest job in the world.
EA stop spending money on companies and spend the money on developers who actually know how to make PS3 games.
Have said it better my self. Is it just me or they just flat out hate the PS3.
I love half-life but the fact my money is going to that prick Gabe and EA, makes me feel sick.
..."he's concerned that the steep price may have some negative effects on the company's current financial state"...
...(EA has nearly US$ 3 billion in cash.)...
Come on...stupid morons have to try and prove that they're actually doing some analysis?