Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (63531)	5/7/2002 11:47:35 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Activision fourth-quarter profit, sales jump Posted on Tue, May. 07, 2002 siliconvalley.com LOS ANGELES (Reuters) - Video game publisher Activision Inc. reported a more than tenfold increase in fiscal fourth-quarter profits Tuesday as the introduction of new game machines sparked demand for games, pushing revenues and margins higher. The Santa Monica, California-based company also raised its guidance for fiscal 2003 and offered a $1 billion revenue target for 2004, buoyed in part by expectations that its ''Spider-Man'' games, already a hit in their first few weeks, will remain popular. Activision shares jumped in after-hours trade on the news, rising about 5 percent to $32.05 on Instinet after closing at $30.65 on Nasdaq. For the year, the shares are up 18 percent, second best among the major publicly traded game publishers. The company reported a net profit of $10.9 million, or 17 cents per share, compared with a year-earlier profit of $875,000 or 2 cents per share.