This excerpt taken from the ATVI 8-K filed Jan 25, 2007.
Preliminary Results Subject to Significant Adjustment
The financial results and guidance reported in this press release are unaudited and do not take into account any adjustments for additional expenses that may be required in connection with the ongoing review of Activisions historical stock
option grant practices by a special sub-committee of independent members of the companys board of directors, discussed more fully below. Activision recognizes that it is important for investors to have a clear understanding of the earnings effects associated with the anticipated adjustments, but these effects cannot be quantified with sufficient precision until its detailed review is completed. The company will provide additional disclosure to the market as soon as practicable after the subcommittee has completed its review, and the financial results included in this press release should be considered preliminary until the company files its quarterly reports on Form 10-Q for the quarters ended September 30, 2006 and December 31, 2006.