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Electronic Arts Gets a Boost From Sales of Sims Online
Video-game software giant Electronic Arts(ERTS Quote) shares got a boost Wednesday from upbeat comments about the company's Sims Online game.
Chief Financial Officer Warren Jenson told investors at a Morgan Stanley conference Tuesday that the game had sold 90,000 units within the first three weeks of its release. The closely watched game is the first online version of one of the hottest-selling games in video-game history.
Investors breathed a sigh of relief, pushing shares up $1.86, or 3.8%, to $50.79 in morning trading. The company's stock had fallen to a 52-week low on Tuesday, after an industry report said sales of Sims Online showed a weaker-than-expected launch. ...
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