Activision....Returns! Message Board

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Technology Stocks : Activision....Returns!

ATVI 94.42

0.0%

Oct 13 5:00 PM EST

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To: Colby who wrote (999)	3/23/1998 7:05:00 PM
From: Tom Caruthers	Read Replies (1) of 1992

Today BT Alex Brown maintained a buy rating for ATVI but cut ATVI's earnings estimate for the 4th quarter from $0.29 EPS to $0.20 and lowered anticipated revenues from $69 million to $53 million citing that potential product sales may be placed into the 1st quarter of the next fiscal year instead of this 4th quarter. He noted that near-term quarterly results may make investors jittery, however, all companies appear to be investing for future growth. I have been arguing this point all along. Why beef up 4th quarter sales when clearly you want to make sure that the next fiscal year looks even better than last year? This earnings revision, IMO, is not a significant reason for the stock to have fallen so much. It is not like ATVI will not make the money. It's just a question of when. Do not panic. This is a great company with a great line-up and great in-house management and production facilities. Of all the companies out there, name a better one that is priced this cheaply. Tom Caruthers

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