Electronic Arts (NASDAQ:ERTS) did something today that is almost never seen in the corporate world. It made a big acquisition and fired 1,500 of its workers, 17% of the total staff, on the same day. EA bought online social media game company Playfish which makes the popular “Pet Society” for $275 million in cash plus bonuses if

... ; — Fox Business Network Imus in the Morning 11/9/2009 Electronic Arts (ERTS), the second largest video game producer, released ... to rebound.  From a price-to-sales perspective, we see ERTS as moderately attractive as it currently trades below its historically normal price- ... $17 before we view this as an attractive buy candidate. Electronic Arts: Jobs Cuts for a Troubled Industry

... loss that widened thanks to a week video game market, Electronic Arts (ERTS) today said it will cut 1,500 jobs by early next year, as part of a restructuring effort aimed at trimming at least $100 million in costs. This after announcing plans this morning to acquire... LA Times - Electronic Arts slashes 1,500 jobs as profits falter LA Times - ...

... strong< The latest news will come as no surprise to readers here. I have written multiple articles on how and why Electronic Arts (ERTS) is losing so much money. And I have written multiple articles about what is wrong with the games industry and why it is shedding so many staff. This latest news is that EA losses are even worse ...

Redwood Shores’ Electronic Arts (ERTS: 18.24 -0.27%) has announced that it will be cutting about 1500 additional jobs. These jobs cuts come on top of about 1100 jobs in February of 2009 cut in and 600 in October of 2008. The company recently bought its headquarters in Redwood Shores for some $233M.

Strong Second-Quarter Results Electronic Arts Inc. (ERTS) reported better-than-expected second-quarter results with a steep rise in ... scheduled for release, down from around 60 published last year. Guidance Electronic Arts forecasted full-year 2010 earnings per ... 4.4 billion for fiscal 2010. Acquisition of Playfish Electronic Arts announced the acquisition of Playfish Ltd., a leading social games ...