ATVI » Topics » Historically, our stock price has been highly volatile.

These excerpts taken from the ATVI 10-K filed Feb 27, 2009.

Historically, our stock price has been highly volatile.

        The trading price of our common stock has been and could continue to be subject to wide fluctuations in response to many factors, including for example, but without limitation:

    quarter to quarter variations in results of operations;

    the announcements of new products;

    the announcement of lower prices on competing products;

    product development or release schedule;

    general conditions in the computer, software, entertainment, media or electronics industries, and in the economy;

    timing of the introduction of new platforms and delays in the actual release of new platforms;

    hardware manufacturers' announcements of price changes in hardware platforms;

    consumer spending trends;

    the outcome of lawsuits or regulatory investigations in which we may become involved;

    changes in earnings estimates or buy/sell recommendations by analysts;

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    sales or acquisitions of common stock by our directors or executive management, or by Vivendi and its affiliates; and

    investor perceptions and expectations regarding our products, plans and strategic position, and those of our competitors and customers.

        In addition, the public stock markets have been experiencing extreme price and trading volume volatility. This volatility has significantly affected the market prices of securities of many technology companies for reasons often unrelated to the operating performance of the specific companies. These broad market fluctuations may adversely affect the market price of our common stock.

Historically, our stock price has been highly volatile.



        The trading price of our common stock has been and could continue to be subject to wide fluctuations in response to many factors,
including for example, but without limitation:





    quarter to quarter variations in results of operations;


    the announcements of new products;


    the announcement of lower prices on competing products;


    product development or release schedule;


    general conditions in the computer, software, entertainment, media or electronics industries, and in the economy;


    timing of the introduction of new platforms and delays in the actual release of new platforms;


    hardware manufacturers' announcements of price changes in hardware platforms;


    consumer spending trends;


    the outcome of lawsuits or regulatory investigations in which we may become involved;


    changes in earnings estimates or buy/sell recommendations by analysts;


28









HREF="#bg18301a_main_toc">Table of Contents







    sales or acquisitions of common stock by our directors or executive management, or by Vivendi and its affiliates; and


    investor perceptions and expectations regarding our products, plans and strategic position, and those of our competitors
    and customers.



        In
addition, the public stock markets have been experiencing extreme price and trading volume volatility. This volatility has significantly affected the market prices of securities of
many technology companies for reasons often unrelated to the operating performance of the specific companies. These broad market fluctuations may adversely affect the market price of our common stock.



This excerpt taken from the ATVI 10-Q filed Aug 8, 2008.

Historically, our stock price has been highly volatile.

 

The trading price of our common stock has been and could continue to be subject to wide fluctuations in response to many factors, including:

 

·  quarter to quarter variations in results of operations;

 

·  the announcements of new products;

 

·  the announcement of lower prices on competing products;

 

·  product development or release schedule;

 

·  general conditions in the computer, software, entertainment, media or electronics industries, and in the economy;

 

·  timing of the introduction of new platforms and delays in the actual release of new platforms;

 

·  hardware manufacturers’ announcements of price changes in hardware platforms;

 

·  consumer spending trends;

 

·  the outcome of lawsuits or regulatory investigations in which we are involved;

 

·  changes in earnings estimates or buy/sell recommendations by analysts;

 

·  sales or acquisitions of common stock by our directors or executive management, or by Vivendi and its affiliates; and

 

·  investor perceptions and expectations regarding products, plans and strategic position, and those of our competitors and customers.

 

In addition, the public stock markets may experience extreme price and trading volume volatility, particularly in high technology sectors of the market. This volatility has significantly affected the market prices of securities of many technology companies for reasons often unrelated to the operating performance of the specific companies. These broad market fluctuations may adversely affect the market price of our common stock.

 

Integrating and maintaining internal controls for the combined business may strain our resources and divert management’s attention. If we fail to establish and maintain proper internal controls, our ability to produce accurate financial statements or comply with applicable regulations could be impaired.

 

Prior to the consummation of the Business Combination, Vivendi Games was a wholly-owned subsidiary of Vivendi and not subject to the reporting requirements of the Securities Exchange Act of 1934, as amended, the Sarbanes-Oxley Act of 2002 and the rules and regulations of the National Association of Securities Dealers.  As a wholly-owned subsidiary of Activision Blizzard, Vivendi Games will be subject to such rules and regulations.  Integrating and maintaining appropriate internal controls and procedures for the combined business may require specific compliance training of certain officers and employees, may entail substantial costs in order to modify existing accounting systems, and may take a significant period of time to complete. We may not, however, be efficient in establishing the adequacy of internal controls, and any failure to maintain that adequacy, or consequent inability to produce accurate financial statements on a timely basis, could increase our operating costs and could materially impair our ability to operate the business. In the event that we are not able to demonstrate compliance with Section 404 of the Sarbanes-Oxley Act in a timely manner, or that our internal controls are perceived as inadequate, or that we are unable to produce timely or accurate financial statements, investors may lose confidence in our operating results and our stock price could decline.

 

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These excerpts taken from the ATVI 10-K filed May 30, 2008.

Historically, our stock price has been highly volatile.

        The trading price of our common stock has been and could continue to be subject to wide fluctuations in response to many factors, including:

    quarter to quarter variations in our results of operations;

    our announcements of new products;

    our competitors' announcements of new products;

    our product development or release schedule;

    general conditions in the computer, software, entertainment, media or electronics industries, and in the economy;

24


    the timing of the introduction of new platforms and delays in the actual release of new platforms;

    our hardware manufacturers' announcements of price changes in hardware platforms;

    consumer spending trends;

    the outcome of lawsuits or regulatory investigations in which we are involved;

    changes in earnings estimates or buy/sell recommendations by analysts; and

    investor perceptions and expectations regarding products, plans and strategic position, and those of our competitors and customers.

        In addition, the public stock markets may experience extreme price and trading volume volatility, particularly in high technology sectors of the market. This volatility has significantly affected the market prices of securities of many technology companies for reasons often unrelated to the operating performance of the specific companies. These broad market fluctuations may adversely affect the market price of our common stock.

Historically, our stock price has been highly volatile.



        The trading price of our common stock has been and could continue to be subject to wide fluctuations in response to many factors, including:





    quarter
    to quarter variations in our results of operations;


    our
    announcements of new products;


    our
    competitors' announcements of new products;


    our
    product development or release schedule;


    general
    conditions in the computer, software, entertainment, media or electronics industries, and in the economy;


24












    the
    timing of the introduction of new platforms and delays in the actual release of new platforms;


    our
    hardware manufacturers' announcements of price changes in hardware platforms;


    consumer
    spending trends;


    the
    outcome of lawsuits or regulatory investigations in which we are involved;


    changes
    in earnings estimates or buy/sell recommendations by analysts; and


    investor
    perceptions and expectations regarding products, plans and strategic position, and those of our competitors and customers.



        In
addition, the public stock markets may experience extreme price and trading volume volatility, particularly in high technology sectors of the market. This volatility has significantly
affected the market prices of securities of many technology companies for reasons often unrelated to the operating performance of the specific companies. These broad market fluctuations may adversely
affect the market price of our common stock.



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