EA stops providing quarterly earnings guidance

[Kestastrophe]

http://kotaku.com/390174/ea-makes-three+year-growth-plan-quits-quarterly-guidance

I know how many accounting/finance types this forum has, so I decided to make this topic. I am of the belief that the stock market is too short-term oriented and there is empirical evidence showing that many managers of publicly traded companies are willing to sacrifice their company's long-term prospects in order to meet earnings guidance. From the link:

"The decision's likely due to some volatility EA saw during the year thanks to delays such as Mass Effect PC's push-back that don't actually indicate financial losses — it just means the company makes money in a different quarter than it may have planned. Shifting to an annual guidance model may allow the company more flexibility as risk levels rise in the burgeoning video game industry."

I think this is a good move, especially for a monolithic publisher like EA. Discuss.

[Mupepe]

I guess it's good.  You won't have so many wary investors when EA posts a loss during a quarter where no big titles were released. 

This allows EA to not worry about scaring investors with quarterly losses and focus on the big picture (the whole year).  Yesterday I think is the first time EA has reported losses for a full fiscal year in a loooooong time.  Hopefully this little bit of leeway will push EA to take some more risks and try different things since you won't have antsy pants investors getting scared during the summer lull and wanting to can projects.