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Fidelity Boosts Electronic Arts (EA) Stake to 10.6%

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Fidelity Boosts Electronic Arts (EA) Stake to 10.6% Powered By Docstoc
					Robert DeFrancesco’s
TechStockProspector.com
December 10, 2012


Fidelity Boosts Electronic Arts (EA) Stake to 10.6%
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In an SEC filing today, Fidelity disclosed a 10.6% stake in videogame maker
Electronic Arts (EA, $14.82). The money manager now owns 32.6 million shares,
up from just 6.19 million shares shared held as of the end of Q3.

During the third quarter, Fidelity upped its EA position by 296% with the purchase
of 4.6 million shares. Clearly the firm’s buying binge continued over the past two
months.

Fidelity is now the #1 holder of Electronic Arts, topping Primecap’s position of 23.6
million shares.
Perhaps the implosion of Zynga (ZNGA) this year has given Fidelity’s portfolio
managers renewed confidence in EA’s digital transition. Zynga used to steal all of the
videogame headlines, but its competitive position has been diminished.

While EA’s fiscal 2013 (March) revenue is expected to be down 2%, the fiscal 2014
consensus estimate indicates top-line growth of 6.4%. The FY2014 EPS estimate is
$1.23, vs. $1.04 for fiscal 2013.

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Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20
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Description: Electronic Arts shares have rebounded a bit recently, but remain well below the 52-week high of $22