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EA Warns of Spore Delay Past March 2008Fiscal 2008 profits adjusted, shared drop as a result.By Patrick Klepek, 05/08/2007No one expects Will Wright and his crew at Electronic Arts to rush Spore -- the very nature of his epic simulator means delays are expected. The ambition behind Wright's creation seems recognized by EA, too, as they announced today they expected Spore may miss their fiscal 2008 calendar year, which ends in March 2008, reports the Associated Press.Spore's bad news was compounded by financial woes, as well. EA's net loss ending March 31 was $25 million, or 8 cents per share -- in 2007 that number was $16 million, or 5 cents per share. "My sense is we can be faster and better focused on capturing opportunities, increasing segment share and overall growth," said the company's recently appointed CEO John Ricctiello.As a result of the announcements, EA's shares fell 3% in extended trading.
Then of course, you have those who are just convinced of their own superiority.
I look at it as good news. EA is losing money.