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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (5318)	9/3/2005 5:58:22 PM
From: Libbyt	Read Replies (1) \| Respond to of 13449

Electronic Arts Studio President Leaves Friday September 2, 6:24 pm ET Electronic Arts Studio President Don Mattrick Leaves Company; Paul Lee to Replace Him REDWOOD CITY, Calif. (AP) -- Video games publisher Electronic Arts Inc. on Friday said studio President Don Mattrick is leaving the company after 23 years and named studio Chief Operating Officer Paul Lee to replace him. Executive Vice President Bruce McMillan is also leaving the company, Electronic Arts said. The company announced a bevy of other management changes, as well, including promoting David Gardner as global studio operations chief. In July, the company reported a $58 million loss in its fiscal first quarter as revenue shrunk 16 percent to $365 million. It was the second consecutive quarter that Electronic Arts had little good news to report. In the quarter ended in March, profits plunged 91 percent on sluggish sales. Shares of Electronic Arts closed down 52 cents at $57.42 on the Nasdaq. ********** ERTS - I'm not sure if this stock is still on your "Set Up" list, but IMO ERTS trading on Tuesday will probably react to this news.