DETAILS: April 17, 2003 w/ Spencer Berg &
Steven Sakamoto
CONTRIBUTION: Extensive research of the video
game publishing industry, looking into competitors, possible mergers (as
Vivendi Universal's gaming unit is on the block) as well as a FCFE valuation
of the of the company.
OF INTEREST: With a market cap larger than all
of its competitors (sans Microsoft and Sony) combined, Electronic Arts
is a threat that is sure to stick around. It has long standing Hollywood
licenses and the virtual annuity called EA Sports. Also: Can you believe
the firm has absolutely no debt and over $1.5 billion in cash?
Acquisitions galore,
DOWNLOADS: Powerpoint
PDF / Valuation XLS
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