Only two short weeks remain before the CIC's Seventh Birthday Party. The event always sneaks up on us quickly, and people are now scrambling to get things ready. It's been a beautiful summer for most of us, which doesn't make the work get done any faster. We expect that some people will be attending their first irc party this year. Directions on how to visit are in our #Wingnut section. On August 10 we will begin formally counting down at 7:00 pm Eastern US (4:00 pm Pacific US and 11:00 pm GMT). There will be plenty of prizes awarded and other fun events conducted throughout the evening.
You can check out last year's profile of birthday features here. We added a document archive, new music, new database resources, new previews of a variety of fan projects, a new mail bag and more!
EA has announced their quarterly performance results for the period that ended on June 30, 2005. They earned $365 million, which was a 16% decline over last year at this time. This resulted in a $58 million loss compared to a $24 million profit. The loss was attributed to a repurchase of 6.3 million shares of outstanding EA stock and development of titles for next-generation platforms that don't yet generate any income. Research & development costs were more than $50 million higher this quarter than in the same period last year. The company still maintains more than $2.5 billion in cash, liquid assets and short term investments to fuel future ventures.
There were several other recent highlights. Battlefield 2 for the PC reached its first million sales in just two weeks, which helped PC games account for 20% of the company's total quarterly income. More than a quarter of all PSP games sold in North America have been developed by Electronic Arts. Handheld game revenues make up 14% of EA's mix. The Fiscal 2006 outlook predicts between $3.3 and $3.4 billion in total revenue for the year.
The company also announced the acquisition of Hypnotix this morning. The development studio, known for the Outlaw Golf/Tennis/Volleyball series of extreme sports games, will be moved to Florida near Madden-developer Tiburon. Hypnotix's first EA game will be the new Arena Football League title. Their annual stockholders meeting will also be webcast tomorrow:
Thursday, July 28, 2005
2:00 pm PDT / 5:00 pm EDT