These promotions of Paul, Gerhard, David, and Frank reflect the enormous amount of talent and depth within our organization, ... Each of these executives has served many years in our company, developing their leadership skills and proving themselves with increasing levels of responsibility. I believe this is the strongest and most capable executive team in our industry.

Bob Pittman has built a reputation for using technology to change the way mainstream audiences experience entertainment, ... We think he will be a strong addition to our board, and will help EA achieve its goal of leading the worldwide growth of interactive entertainment.

We underestimated the impact of consumers sitting on the sidelines.

With our compelling products, a rapidly developing installed base of new hardware, and consumer enthusiasm for video games, we increased our sales by 30 percent ... a record quarter for Electronic Arts.

We really underestimated the impact of consumers sitting on the sidelines and not getting their hands on the next-generation 360 console.

We ended 2005 in a very strong competitive position. We were number one on the PlayStation 2, the Xbox, PSP and PC in both North America and Europe. We also had a successful launch on the Xbox 360 and expect that we will be the number one publisher on this platform in 2006.

John Madden is under contract for the 2005-2006 season and we'll see where it goes from there, ... But let's not forget that Madden is a part of the ESPN family with Monday Night Football. ... It's possible we'll continue working with John longer term.

Holiday sales are not meeting expectations. For the December quarter, it is likely the industry will be down double digits on a percentage basis.

We think that more people will buy two football games than they did last year.

There is no greater storyteller than Steven Spielberg, ... In addition to his gift for pleasing movie audiences, he has an innate understanding of games and how to immerse players into a fantastic world of action and characters.