Funcom Loses Cash, CFO

Gamesindustry.biz has a story in Funcom's fourth quarter financial reporting, saying the company had operating losses of $23.3 million, said to be caused by underperformance by Age of Conan: Hyborian Adventures, their fantasy-themed MMORPG, which made an initial splash, but suffered "shorter average subscription periods than anticipated." Additional word is Olav Sandnes, the company's CFO, has resigned the company, offering an optimistic quote about the mess: "Funcom is a company with a substantial potential based on a unique combination of skill sets in a fast growing global market. I wish Trond Aas and the rest of the organisation all the best in realising the full potential of the company."