wow this havs been a long 6 months but it finally seems to be paying off...I really love video games that is why i made a video game community that lets us all just get away from everyday life and talk about what we all like doing playing video games...thanks to all who are joining i hope this is something we can make progress on and make into a great big gaming community
EA CFO Warren Jenson leaving
Warren Jenson, the chief financial officer of Electronic Arts Inc. since 2002, is leaving the video game publisher in the midst of its hostile buyout bid for smaller rival Take-Two.
EA did not give a reason for Jenson's departure; a spokeswoman said Monday it was a "mutual decision" between him and Chief Executive John Riccitiello. After leaving the company in 2005, Riccitiello rejoined EA as CEO in April 2007, replacing Larry Probst, who'd been at the company's helm for 16 years.
"It's pretty clear that he's building his own team," said Wedbush Morgan analyst Michael Pachter. EA also named a chief operating officer earlier this month, hiring John Pleasants, who also heads the company's global publishing operations.
The company said Monday it plans to announce a new CFO "shortly."
Redwood City, Calif.-based EA has offered to buy "Grand Theft Auto" publisher Take-Two Interactive Software Inc. in a $2 billion tender offer that expires April 11. EA spokeswoman Holly Rockwood said Jenson's departure is not related to the Take-Two bid, which turned hostile earlier this month after Take-Two repeatedly rejected the $26-per-share offer as the wrong price at the wrong time.
Jenson, 51, will stay to help the company close its fiscal year, which ends this month. While EA didn't say whether it has found a replacement, Pachter said the way the company's press release is worded "means they have somebody."
Since joining EA, Riccitiello has reorganized the company into a city-state model, with four divisions and distinct, independent development studios. He is focusing on slashing spending at a time when the cost of developing new games is skyrocketing well into the millions.
Jenson's replacement, Pachter said, will have to be a pragmatic, hands-on, "almost dictatorial" CFO, to execute Riccitiello's spending cuts. Jenson served as finance chief at a broad range of companies, including Amazon.com, before joining EA. He was also CFO at Delta Air Lines and at NBC.
During his tenure, EA enjoyed its status as the world's largest video game publisher, but the company's stock price has stagnated in recent months. It is far below a record high of more than $71 in March 2005.
He's leaving EA at a turning point not only for the company but also for the video game industry, which by some measures is eclipsing the global music market. In the U.S., retail sales of video game hardware, software and accessories hit nearly $18 billion in 2007, according to the NPD Group.
Shares of Electronic Arts jumped $1.23, or 2.5 percent, to close at $49.69 Monday. The stock is down nearly 15 percent since the start of the year.
A Gamers Haven
A popular activity these days for kids and teenagers is renting video games. It is cheaper than buying them and they can rent the games from any offline and online video rental service for a reasonable fee. If you decide to rent ps2 games you might have a hard time in deciding which offer is the most attractive.
The video rental stores are always in tight competition when trying to obtain the number one position in customer preference. For this reason, this is why when you rent games you get top notch options in front of you. Before you rent any game you should take in consideration all the advantages you can get from a video game rental company.
It is better if you pay a monthly fee to rent games because you eliminate due dates, late fees and if you are a serious console game player you can obtain a pass for two or three games at any given time. When you are finished playing your game(s), returning is easy, you can do it at any time without penalty.
When you rent your games, they are sent to you immediatly by mail and arrive within one or two business days and typically have free shipping both ways, to and from. Some video game rental services offer phone support for their customers; others deliver the game manual along with the game.
Any addicted game players can choose from a large variety of games. You can rent games from classic collections such as Resident Evil or Devil May Cry to the hottest games on the market today. You can even rent video games that were not as popular as the others, the video game rental services typically carry any and all games possible and everything that gets released. The video rental companies came up with the "Queue" list, which means that you can fill it with the games that you want to rent in the order of preference. If you want to rent games that are not available, the next ones on the list will ship.
To conclude, online video game rentals do not stop at single console systems. Often times, they carry a very broad range of console system games; from Xbox, PSP, Playstation, Nintendo DS, Gamecube to Gameboy and more. What ever is new on the market and has a hold in the customers eyes, you can be sure that you will have option to get your hands on their respected games.
By: Colin Pike
