Activision Blizzard (ATVI)

Current general economic conditions may adversely affect other aspects of our business.

        We are unable to predict the likely duration and severity of the current disruption in financial markets and adverse economic conditions in the U.S. and other countries, and all of the effects the disruptions and current macroeconomic conditions may have on our business. Among other things, because we generally maintain large cash reserves, we are subject to the risk that inflation may cause the real value of our cash and cash equivalents to decline. Furthermore, uncertainties concerning the likely length and severity of the economic downturn cause our forecasts to be subject to even greater risks and uncertainties.

Current general economic conditions may adversely affect other aspects of our business.

        We are unable to predict the likely duration and severity of the current disruption in financial markets and adverse economic
conditions in the U.S. and other countries, and all of the effects the disruptions and current macroeconomic conditions may have on our business. Among other things, because we generally maintain
large cash reserves, we are subject to the risk that inflation may cause the real value of our cash and cash equivalents to decline. Furthermore, uncertainties concerning the likely length and
severity of the economic downturn cause our forecasts to be subject to even greater risks and uncertainties.