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Technology Stocks : Activision....Returns! -- Ignore unavailable to you. Want to Upgrade?

To: Tom Caruthers who wrote (1330)	12/9/1998 4:40:00 AM
From: Tom Caruthers	Read Replies (1) \| Respond to of 1992

From Multimedia Wire 11/13/98: Management Additions Poise Activision for Industry Consolidation, $300m+ Acquisition Activision expects to be a $1b company in the next 12 months and that could only come through a merger with, or acquisition of, a $300m-$400m company, Activision CEO/Co-Chairman Robert Kotick tells MMWire. Activision two weeks ago promoted Brian Kelly to co-chairman from president/COO. Meanwhile, snack food veteran exec Ron Doornick assumed Kelly's position. With Doornick assuming the day-to-day operations, Kotick and Kelly are free to concentrate on mergers and acquisitions. Doornick's hiring ended a 14-month search for the right president/COO, one who's run a $1b company, Kotick says. "We're at a crossroads" as Activision tries to grow from a company with a half-billion dollars in revenues to one double those, since "organically" the company only expects to grow to $600m, Kotick says, declining to divulge acquisition targets. An historically profitable company with solid management and franchise properties is what Kotick and Kelly seek. Activision, quashing rumors of an executive exodus, also hired former Virgin Interactive exec Julian Lynn-Evans as VP of European studios. Official announcements of Evans' arrival and another exec addition should follow shortly. As previously reported, Senior VP of Activision Studios Alan Gershenfeld will leave the company at the end of the fiscal year (March 31) for personal reasons. VP of Marketing Henk Hartong left Activision in late September to head up a snack food company. As a result of Gershenfeld's departure, external studios VP Mitch Lasky will head the company's combined studio operations, as the studios, along with publishing and distribution, become three P&Ls within the company.

To: Tom Caruthers who wrote (1330)	12/9/1998 4:45:00 AM
From: Tom Caruthers	Respond to of 1992

I forgot about 5th element, Pitfall 3D, Activision Classics. ATVI expects to do $190-205 million in revs for this quarter. Can they do it?

To: Tom Caruthers who wrote (1330)	12/9/1998 4:54:00 AM
From: Tom Caruthers	Respond to of 1992

From Multimedia Wire: 10/23/98 Despite Loss, Activision Bullish On Disney, Marvel, Star Trek Deals Activision dipped into the red after a lean Q2, but with several potentially lucrative licensing deals in the bag Senior VP of Corporate Development John Baker tells MMWire he has a "very high level of confidence" in the company's prospects going into Q4 and fiscal 2000. The company posted a net loss of $2.2m, or 10 cents/share, on revenues of $66.2m, for Q2 ended Sept. 30. That compares to a net income of $1.8m, or 8 cents/share, on revenues of $53.0m, for the same period last year. Activision expects to generate $75-90m in revenues in fiscal 2000 from its exclusive partnership with Disney [DIS]. Six titles are slated for release next fiscal year: Toy Story II, A Bugs Life and Tarzan, plus three titles based on "classic" properties, including The Lion King. Baker yesterday offered the intriguing prospect of a Disney-based Dreamcast title. With sequel rights and the license to develop Disney titles on PC, PlayStation, N64, Gameboy and Dreamcast, "We believe we will be in the Disney business in a big way for many years to come," Baker told analysts yesterday. Baker also shed light on a four-title licensing agreement with Marvel Comics, concluded in Aug., to publish PSX and N64 Spider Man and X-Men titles during fiscal 2000. Activision expects to pull in revenues of more than $40m from the products. The deal builds on an agreement inked by the parties in May, for Activision to develop an X- Men PSX title. And Activision's 10-year exclusive "Star Trek" deal with Paramount should generate revenues of $40-50m annually "within two or three years," Baker said. The first three titles, including an RTS, are expected next year, he told MMWire yesterday.