Activision looking up
Activision (ATVI) hasn't been looking to bright these days from a shareholder point of view. While they're doing fine in terms of sales, their delayed 10-Q form due to stock option issues tends to worry investors. Now, Activision is starting to look up.
In their recent 8-K filling, Activision placed on hold the concerns over the 10-Q. According to Activision, the stock option issue is in regards to the timing of the options, which may have fallen outside of SEC-allowed dates. The dates are mainly an issue with taxes and should be a minor issue at best (compared to other, bigger stock option issues like insider-trading that is).
On top of the previously announced expectation that Activision will win big because of its strong support of the Wii, the easing of the tensions over stock options is a breath of fresh air to investors. Michael Pachter (the face of video game analysts) expects the company to do well in 2007. Seems that Activision is back on track.
Reader Comments (Page 1 of 1)
Number One @ Jan 9th 2007 1:13PM
Strong support is another way of saying "port buggy ps2 games to dube supporters." And back on track is another way of saying "looking to make Call of Duty last twice as long as the war its based on."
baby sea tuna @ Jan 9th 2007 1:53PM
Bringing Guitar Hero II to 360 probably won't hurt either.
Danny @ Jan 9th 2007 2:09PM
I really hope ATVI starts innovating again, instead of the same old tired franchises and movie licenses...
Thrawn @ Jan 9th 2007 5:44PM
Good. Now make another Zork.