Can't we all just be happy...for our company?

After the bell today, two of my companies reported news. Electronic Arts (ERTS) is acquiring Jamdat Mobile (JMDT) for $680 million. Personally, I think this is a GREAT move. ERTS is the big kahuna when it comes to video games. And considering technological innovation is making it's move toward smaller mediums (like the sleek MotoRazr, the Sony PSP, or merely the new iPod nano), this acquisition was the next logical step. Other ERTS shareholders apparently don't view this buy as being a positive thing, sending shares down 2.6% in after hours trading. On the other side, JMDT's shares rallied 18.71%, ending after hours trading +4.26 to $27.03.

Shuffle Master (SHFL) reported fourth quarter earnings after the bell. Quarterly profit surged 30% to $0.24 a share, which was inline with Thomson First Call estimates. Revenues rose from $25.9 million a year ago to $33.8 million. I hate it when companies report record earnings, and still shares slump immediately afterwards. Shares are down roughly 5% in after hours.

As a fairly satisfied investor in both companies, I don't agree with people dumping shares after what seems to be fairly good news. I was honestly expecting shares to go up after reading the news, but I guess you can't predict how individual investors are going to act. Investors are so fickle! So who knows? As long as these short term dips don't phase you too much, and you still believe in your company, there should be nothing to worry about.

Update: Apparently the first news feed I read about ERTS acquiring JMDT failed to mention that the video game maker was posting lower than expected sales in the first few days of December. For more information and commentary, see No Holiday Cheer for Electronic Arts. Now, in hindsight, the 2.6% slump of ERTS in after hours seems a little more justified now.