Vivendi gets the good news, Activision gets the bad news
Lets start with the bad news. Things don’t look so good for game publisher Activision as their stock might get delisted from the NASDAQ exchange after the company failed to file its quarterly earnings statement.
Activision alerted shareholders to the news and has pledged to make the earnings report as soon as erm, uh, “practicable.” Activision says that the reason for the delay is because of their need to complete a review of the their stock-option grant practices.
The company intends to request a hearing before the NASDAQ Listing Qualifications Panel in order to appeal for a continuance of their listing.
Okay, so with that done, let’s move to the bit that’s all nice and rosy.
WoW publisher, Vivendi Games, boasts a spike in earnings reaching up to 110 Million Dollars compared to 38 Million Dollars. That’s a increase of around 186.7 percent. Aside from the obvious Warcraft money cow, Vivendi also credits start-up investments for the Sierra Online and Vivendi Games Mobile divisions, and the strong sales of Scarface: The World is Yours, as reasons for the profit increase.
When asked about the revenues for World of Warcraft, rumoured to have reached $1 billion for this year, Gamespot reports that Vivendi opted for general terms. The describe the financial results of its games division as “very healthy and dynamic,” and the overall economic performance as “great.”
Via Gamespot
Lets start with the bad news. Things don’t look so good for game publisher Activision as their stock might get delisted from the NASDAQ exchange after the company failed to file its quarterly earnings statement.
Activision alerted shareholders to the news and has pledged to make the earnings report as soon as erm, uh, “practicable.” Activision says that the reason for the delay is because of their need to complete a review of the their stock-option grant practices.
The company intends to request a hearing before the NASDAQ Listing Qualifications Panel in order to appeal for a continuance of their listing.
Okay, so with that done, let’s move to the bit that’s all nice and rosy.
WoW publisher, Vivendi Games, boasts a spike in earnings reaching up to 110 Million Dollars compared to 38 Million Dollars. That’s a increase of around 186.7 percent. Aside from the obvious Warcraft money cow, Vivendi also credits start-up investments for the Sierra Online and Vivendi Games Mobile divisions, and the strong sales of Scarface: The World is Yours, as reasons for the profit increase.
When asked about the revenues for World of Warcraft, rumoured to have reached $1 billion for this year, Gamespot reports that Vivendi opted for general terms. The describe the financial results of its games division as “very healthy and dynamic,” and the overall economic performance as “great.”
Via Gamespot
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