EA’s Digital Sales Can’t Offset Falling Console Revenue

Mobile and digital games continue to perform well, but not well enough to offset the fall in the console business.
EA's Dead Space 3: WatchYourBack

EA Battles Doubters, Citing Strong Digital Revenue

Electronic Arts is trading lower for the second day in a row, after an analyst questioned whether it was going to meet expectations for its full year based on poor-performing console titles.

Electronic Arts Digital Revenue up 40 Percent, No Thanks to Facebook

Electronic Arts is starting to see digital revenue ramp, but not from the Facebook platform.

News Byte

EA Hires Former Yahoo Exec Blake Jorgensen to Fill CFO Vacancy

For the past five months, Electronic Arts has been operating without a permanent top finance executive, after Eric Brown suddenly resigned. Today, the game company has hired Blake Jorgensen as its full-time EVP and CFO. Jorgensen joins most recently from Levi Strauss & Co.; prior to that, he was CFO at Yahoo until early 2009, when he left as part of a management reorganization by CEO Carol Bartz. Jorgensen will start in September, at which point interim CFO Ken Barker will become chief accounting officer.

Altera's Tim Morse Tapped as Yahoo CFO

Looks like Yahoo has found its new CFO. This afternoon, the company said Tim Morse will take charge of its finances. Morse, who has served as CFO for chip maker Altera since 2007 and spent 15 years at GE before that, will start work on June 17 and assume CFO responsibilities on July 1. Welcome news, since Yahoo has been looking to fill the position since Blake Jorgensen said he would step down from the company last February.

Former Yahoo CFO Blake Jorgensen Moves to Levi (Plus the Full Press Release)

Blake Jorgensen, who left Yahoo as part of a management reorganization by CEO Carol Bartz, has taken a job as CFO at Levi Strauss & Co. He’s the second Yahoo to move to the the jeanswear manufacturer recently. Former Yahoo PR head Jill Nash took over communications at Levi several months ago.

God Speed You, Blake Jorgensen!

2009 has proven a lucrative year for departing Yahoo CFO Blake Jorgensen. Sure, he’s leaving Yahoo, but he’s doing so with a $1.8 million lump-sum severance payment, according to a company SEC filing. This in addition to the $250,000 bonus he was awarded earlier this year.

Liveblogging the Yahoo Earnings Call: It All Depends on Your Definition of What "Wow!" Is

A major Yahoo investor yesterday told me that he liked what he saw so far from new Yahoo CEO Carol Bartz, but he was wary. “I like the sizzle,” he said, referring to Bartz’s decisive take-no-prisoners style. “But I am still waiting to see if steak is there too.” Well, Bartz sizzled at its first-quarter earnings conference call today, tossing off some ribald words as she also handed over some tough news to chew on, announcing Yahoo’s much-expected weak first-quarter results. The company also said it would cut five percent of its staff of 13,600, which is close to 700 employees. BoomTown liveblogged the call with Bartz, who noted about Yahoo: “The most important takeaway was the importance of having a ‘Wow!’ experience.”

Microsoft CFO: With or Without YHOO

Microsoft is still interested in a search deal with Yahoo, but for now it’s assuming one’s not in the cards. That’s the word from Microsoft CFO Chris Liddell, who, in remarks at a Goldman Sachs conference in San Francisco Thursday, said Yahoo is not a “silver bullet” solution for the problems with its search business.

One Last Yahoo Reorg Missive: Bartz Tells Employees What She Already Said. Again.

Goodness gracious, make it stop! You must know by now how much BoomTown loves internal Yahoo memos. But this is getting ridiculous. It’s been like a flash flood after a long drought at Sunnyvale HQ today, as Yahoo CEO Carol Bartz turns on the firehose of a whole lot of communicating. “I know you guys have reorg fatigue,” wrote Bartz in the latest email to employees about the management reorganization finally announced this morning. Also memo fatigue at All Things Digital HQ, if you can believe it.