Warren Jenson
Warren Jenson
addition billion expect roughly year
In addition we expect to end the year with roughly $1 billion in cash,
customers delivered holiday sure
We went all-out to make sure we delivered for customers this holiday season.
decrease expect growth loss operating outlook overall percentage remains sales strong
We expect strong year-over-year sales growth in the first quarter, and our outlook for growth in 2000 remains strong. We expect that in 2000, our overall operating loss will decrease significantly as a percentage of sales.
basis expect full music operating profitable segment year
We expect our U.S. Books, Music and DVD/Video segment to be profitable on a pro forma operating basis for the full year 2000,
against appears curve demand double earnings estimated given industry last lightly market numbers overall shifted time year
At the time of our last earnings call, we estimated industry numbers to be lightly up against last year given the introduction of two new platforms. It now appears that the overall market will be down in the double digits. The demand curve has shifted abruptly.
absolute basis continue fourth improved operating profitable progress quarter reaching sixth toward
We continue to make progress toward reaching pro forma operating profitability in the fourth quarter of 2001, ... This quarter, the U.S. was profitable on a pro forma operating basis for the first time, and this is our sixth sequential quarter of improved absolute pro forma operating results.
balance cash choose further raise reason respect sheet strategic strengthen unless
With respect to cash, I'd like to make one point. Unless we choose to raise cash to further strengthen our balance sheet or for strategic flexibility, we have no reason to do so.
retail seen softness
We have seen some softness in retail in October,
believe continue microsoft production step throughout
We believe Microsoft will continue to step up production throughout the year.
america ended estimate north number pc percent psp revenue share year
EA was the number one publisher on PS2, Xbox, and PC in North America and in Europe. Specifically on the PSP we ended the year with 31 percent revenue share in North America and we estimate 25 percent in Europe.
execution fourth pro profit reaching ready require
We are ready for the fourth quarter. Reaching pro forma profit does not require heroics, just execution,
fourth less loss net operating past percent pro quarter sales
Over the past year, our U.S. pro forma operating loss decreased from 24 percent of net sales in the fourth quarter of 1999 to less than 2 percent in the fourth quarter of 2000,
natural
This is unfortunate, but it's a natural part of our transition.
lots period positives
This is a period that's bittersweet. There's a lot of positives that will take place this year, but there will be lots of challenges, too.