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This excerpt taken from the ATVI 8-K filed May 3, 2007. Separately,
Activision announced that it expects
to record additional non-cash charges for stock-based compensation expenses in
prior periods totaling approximately $67 million before taxes from stock
options granted over a 13 fiscal year period from 1994 - 2006. The company hopes to complete its review of
historical stock option grants and be in a position to file its restated
financial statements and become current with its period filings with the SEC by
the end of May 2007. The company has
been granted additional time, beyond the May 9 deadline previously reported, to
regain compliance with Nasdaq listing requirements.
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