EA Execs Dumping Stock. Insider Trading or … what?
by Alphaville Herald on 03/03/05 at 9:53 am
EA’s Vice President for Corporate Communications, Jeff Brown says “it’s diversification!”
In a recent report by Mercury News — see MercuryNews.com | 02/28/2005 | Burst of selling by EA executives — it appears that 7 EA execs have unloaded stock positions ranging from 1 million to 10 million dollars US. A coincidence? Are they all building really really big swimming pools? Or is this trading on insider info. Well Jeff Brown ASSURES us it isn’t the latter: “It was diversification”. Mhmmmmm….
RB
Mar 4th, 2005
Who takes J.B seriously these days tho? The man has the same amount of credibility that M.S.S’es news reports on how well the war was going for iraq during the invasion had. History haunts you mr B. lol.
It probably aint insider trading (serious crime) but you can be sure it aint just “diversification” . lol. We aren’t all gullible.
- RB
Urizenus
Mar 4th, 2005
If the EA execs are selling on corporate financial information that they have but that we don’t, well then it raises the question of insider trading, and that would indeed be serious. Just ask Martha Stewart. On the other hand, maybe we’ll get some great new games out of this. “Minimum Security Breakout!” “Jailhouse Gamedev Bitches!” etc.
Maria laVeaux
Mar 5th, 2005
Diversification?
Is that what they call it when Rodents disembark from a ship of questionable seaworthyness?
Maria.
Urizenus
Mar 5th, 2005
Financially, EA is probably one of the most healthy corporations goign. You have to ignore their performance on MMOs. However, it might be that the company will underperform market expectations in the coming quarter and the execs know this. Hence that might be the reason they are selling now. Unless there is something really big brewing, but with so much cash on hand I don’t see how that could be.