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Stock Market & Financial Investment News

News Breaks
March 14, 2014
05:55 EDTTTWO, ATVI, GME, EAFebruary NPD software sales better than expected, says Piper Jaffray
Piper Jaffray says February NPD software sales declined 9% year-over-year, better than its down 29% forecast. Piper said it remains confident that the industry will start growing during the holidays and reiterates Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).
News For ATVI;EA;GME;TTWO From The Last 14 Days
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September 30, 2014
08:31 EDTGMEGameStop Technology Institute announce collaboration with AT&T
GameStop (GME) announced that its GameStop Technology Institute business unit is collaborating with AT&T (T) to further its focus on delivering to its brick-n-mortar retail stores technology advancements that drive positive customer experiences and accelerate the pace of change within the retail industry. As part of the relationship, GTI is working closely with AT&T to define the technical capabilities required to enable customers to interact seamlessly and responsibly through their electronic devices with digital product promotional materials (e.g., video game trailers, special discounts, etc.) located on store shelves and within identified product communication zones. To accomplish this, the company is utilizing AT&T Network Services, such as AT&T Business Fiber, so GameStop stores have reliable and scalable speeds.
September 25, 2014
17:45 EDTATVIPatent claims against Activision Blizzard use of lip synchronization dismissed
Activision Blizzard announced that the United States District Court, Central District of California has invalidated all patent claims asserted against the company by McRO, Inc. d.b.a. Planet Blue. The Court concluded that two patents for automatically animating lip synchronization and facial expressions of 3D characters were invalid, and as a result, the case against Activision Blizzard has been dismissed. The Courtís decision to invalidate the patents follows precedent set by the Supreme Courtís recent ruling in Alice Corp., confirming that abstract ideas are not patentable.
08:02 EDTGMEGameStop nearly doubles seasonal hiring efforts for 2014 holiday season
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September 24, 2014
07:30 EDTGMEB. Riley to hold a tour
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September 23, 2014
13:19 EDTATVIBlizzard cancels development of Titan, Polygon reports
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September 22, 2014
10:01 EDTATVIActivision Blizzard moves to dismiss 'frivolous' lawsuit by Manuel Noriega
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07:24 EDTEAElectronic Arts new business model positive, says Stifel
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September 18, 2014
11:20 EDTTTWOTake-Two says will be profitable for foreseeable future
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11:16 EDTTTWOTake-Two says best use of cash is game development projects
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07:32 EDTTTWOMKM Partners to hold a conference
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September 17, 2014
13:41 EDTATVISell-through suggests 10M unit Destiny estimate may be low, says Piper Jaffray
Piper Jaffray said Activision's Destiny sell-through of over $325M in its first five days equates to over 5M units, giving the firm confidence in its year-end estimate for 10M Destiny units sold and making that estimate seem potentially too low. Piper maintains its Overweight rating and $27 price target on Activision.
12:39 EDTATVIActivision Blizzard sell-off on Destiny data overdone, says RW Baird
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11:24 EDTATVIActivision Blizzard weakness a buying opportunity, says Pacific Crest
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11:22 EDTATVIActivision reports Destiny grosses over $325M in first five days
Activision Publishing, a wholly owned subsidiary of Activision Blizzard, announced that its Destiny franchise sold-through more than $325M worldwide in its first five days, citing Chart-Track, first parties, retail customer sell-through information and Activision Blizzard internal estimates. Destiny players logged more than 100M hours of online play by the end of the first week and participated in 137M activities, according to Bungie, the company added.

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