I too expect ERTS to warn.
This from ATVI...
Activision is not looking for an upturn in the market until after Sony releases its highly anticipated PlayStation 2 in the United States on Oct. 26, Kotick said.
PlayStation 2 was released in Japan earlier this year.
The PlayStation 2 U.S. debut will be followed by the release of Nintendo's Dolphin system sometime next year and the
X-Box from Microsoft.
Those releases should refocus investor attention on video game developer stocks, Kotick said.
Activision stock, which has lost more than half its value in recent months, gained 5/8 to 6 3/4 on Nasdaq on Thursday, well off its year-high of 18 1/4.
``In the fall, when Sony introduces PlayStation 2; next year when Microsoft introduces the X-Box and Nintendo introduces
the Dolphin, I think you'll see some renewed investor interest in this category,'' Kotick said.
``I think you'll see (industry) sales start to bounce back in calendar 2001 and resume a 15 to 20 percent annual growth rate for the next five years,'' he said.
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Look at the size of the ATVI write-off.
On Tuesday, Activision posted a fiscal fourth-quarter loss of $53 million, or $2.07 a share, including a pre-tax restructuring charge of $70 million.
Buying THQI before Oct. is a great opportunity. |
