I see 144M cash, which means $2.15 ...did he say cash and long term investments? In that case, I see the $2.70 (minus loan its $2.30)
But how about accrued liabilities of 255M? That's -$3.81
I don't think you should look at the $2.30 cash without seeing it relative to the liabilities. EA has $7 cash that's clearly free for investment and operations, but here, this cash is clearly going to go down and be offset through '09 ...unless UFC is a giant hit which I won't say is out of the question.