NO EA ACQUISITION, JUST
TALKS, RADICAL SAYS
developer of several upcoming ESPN sports games, is not
about to be acquired by Electronic Arts [ERTS],
scotching rumors to the contrary.
The companies have
talked, Radical says, but employees have not been told of
"Ever since E3 we've had a number of
companies exploring the feasibility of acquiring us. A
number of people came knocking on our door," a Radical
official tells MMWire. But of an actual acquisition, the
official says: "That's not the case."
The rumors may
have been fueled by the fact that much of Radical's
staff is based in Vancouver, where EA's president of
worldwide studios, Don Mattrick, works, along with much of
the EA Sports development staff.
plans for its ESPN titles continue apace. X-Games Pro
Boarder ships Oct. 20, NBA Tonight will ship in late
October, and National Hockey Night is slated for a
mid-November launch. All titles will ship on PSX and PC.
(Radical Entertainment, 415/229-9172)
Thanks for kind reply, no, he just started, so it
will be awhile before we see anything he has done. If
you like games, you may have used Genecyst, nesticle
Erts has bought out some good
software development co's recently, which also prompted me
to buy the stock.
I like ERTS! I don't know when you invested but
if it was over the last 3 months who isn't down in
almost any stock.
As an investor and a fan of
interactive games I can tell you they have the strongest name
in the market and consistently top products in most
categories. I'd like to see them branch into other areas,
such as educational games. They need to leverage their
success into some higher margin business.
sprucing up some of the packaging could help. I've
purchased some bad games in my time, and it was because the
packaging was killer. Some of the packages are great but
others need alot of work!
Oh, and "Need for
Speed III" looks awesome. If your son was on that team
hats off to him!!!!
I have always been impressed with all the
evaluation the public perform on the different stocks, I
invested in erts on the basis that my son went to work for
the company, probably the wrong reason, but since he
has made some of the best game-emulators and a darn
good programmer, I figured the company would do well.
So far I am down 10 points. I guess my investment
methods leaves a little to be desired. but who
knows,maybe Bill Gates' mother went thru the same thing.
Maybe someone can uplift my spirits a little?
I wouldn't dream of trying to tell you what to
do. I can only tell you what I'm doing.
afternoon I went Long, Long, Long at 40.5 as we made the
breakout above resistance. At the time, I thought I was
being a rookie and buying too early, as I often do.
Lucky I guess.
My daily chart shows resistance
at both 43.375 and 44.375. The hourly charts show
RSI in the overbought zone, but I'm not inclined to
believe it since we are trending up. Tomorrow morning,
the challenge is to not break below $42.5. If we
hold, we should move up. We had a good move up on
strong volume, which should give us the needed
follow-through to reach 43.375.
If we cross 43.375
convincingly, I hold. I'm already on margin for ERTS shares,
and don't dare extend any further in this market. If
we don't cross 43.375 convincingly, I sell at least
half and sit back to watch how it plays
Same thing for 44.375. Though, I'm half expecting that
we will not get past 44.375 this time and instead
will come back down to 42+ or lower. BUT, because I'm
expecting that, there's a good chance it won't
What YOU do depends on a lot of factors that only you
can evaluate. Keep in mind that I'm sitting here
watching this thing like a hawk, so I'm in a position to
profit from 2% swings. If I weren't, I'd probably just
hold for something near or better than $47, unless the
market is clearly going to hell in a
It's SUPPOSED to worry you. Sell, sell,
Okay, now seriously, we closed exactly on the line of
support. Can't promise that it will hold tomorrow morning,
but I'll be waiting to see if it does. If it holds,
as I expect it will, I will BUY, BUY, BUY. The last
several days have been beautiful for trading this stock.
I've done very nicely. Got out today at an average
price of about $44.5 after the ride up from $40. BUT, I
watch it like a hawk, and wouldn't recommend trading it
if you can't, because it is very
I'm still expecting one good leg up toward $47+
before we start a serious decline. And, who knows, maybe
there won't be a decline. Bottom line, I still love
Have no clue whether they'll buy
Blizzard, but I sure wouldn't mind if they did.
luck to all!