Electronic Arts 2002 Annual Report Download - page 11

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In fiscal 2003 EA will build on solid franchises and innovate with new titles.
|•••»Dramatic enhancements and new functionality will appear in blockbuster sports products like
FIFA
Soccer
,
Madden NFL Football
and
NBA Live
.
|•••»Games will be inspired by films like
Harry Potter and the Chamber of Secrets
,
The Lord of the
Rings
and
James Bond
.
|•••»Stunning new versions of classics like
SimCity
™
,
Need for Speed
™
and
Command & Conquer
™
will
be released.
|•••»Distribution agreements with entertainment giants like LEGO System A/S, Fox Interactive,
LucasArts, SquareSoft and Capcom will enrich our product portfolio.
|•••»
The Sims Online
will allow subscribers to create characters, build environments and live out fan-
tasies in a persistent state world.
We have long believed that interactive entertainment would grow from a niche market into main-
stream entertainment—now we are helping to drive that reality. Revenues from a successful game can
rival or exceed those of a successful film, and our demographics are becoming as broad as the audience
for television.
As the industry moves into the “sweet spot” of this cycle, EA management is already beginning to
plan for the next generation of technology. We are building our team of talented and experienced people,
defining our strategic direction and working towards our goal of making EA one of the most exciting and
profitable entertainment companies of the 21st century.
Finally, I want to thank our employees, business partners, customers and stockholders for their
commitment and support of Electronic Arts.
*Pro forma net income (loss) excludes unusual events or transactions, such as restructuring and asset impairment costs and charges for acquired
in-process technology, and also excludes amortization of intangibles and non-cash stock compensation charges. In addition, pro forma net income
(loss) for the core business and EA.com provides for the allocation of income taxes on a proportional basis to the respective income or loss from
each of these segments. See financial statements beginning on page 42 for GAAP presentation.
This Annual Report, including this Letter to Stockholders, as well as Management’s Discussion and Analysis on pages 14 to 40, contains forward-
looking statements about circumstances that have not yet occurred. All statements, trend analysis and other information related to markets, our
products and trends in revenue, as well as other statements including such words as “anticipate”, “believe” or “expect” and statements in the
future tense are forward-looking statements. These forward-looking statements are subject to business and economic risks and actual events or
our actual future results could differ materially from those set forth in the forward-looking statements due to such risks and uncertainties. We
will not necessarily update information if any forward-looking statement later turns out to be inaccurate. Risks and uncertainties that may affect
our future results and performance include, but are not limited to those listed under the heading “Risk Factors” at page 39 of this Annual Report
and discussed under the same heading in our Annual Report on Form 10-K for the year ended March 31, 2002.
Sincerely,
Lawrence F. Probst III
CHAIRMAN AND CHIEF EXECUTIVE OFFICER
EA 2002 AR 7