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News Breaks
January 27, 2014
11:07 EDTATVIActivision growth estimates reasonable if Destiny a big hit, says Piper Jaffray
Piper Jaffray said its title-by-title analysis for Activision Blizzard concluded that consensus estimates of 8% yearly growth in 2014 are reasonable, but only if the company's new Destiny franchise scores a major hit. Piper said Activision typically gives conservative initial yearly guidance and the firm sees the company likely guiding to FY14 sales near $4.5B, which would be below the Street consensus. However, Piper notes the company has a history of beating its own conservative outlooks in the past and the firm maintains its Overweight rating and $22 price target on the stock.
News For ATVI From The Last 14 Days
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October 17, 2014
05:39 EDTATVISeptember NPD video game software sales fell 36%, says Piper Jaffray
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October 9, 2014
08:06 EDTATVIActivision Blizzard files response to Noriega lawsuit
Activision Blizzard, filed a response to Manuel Noriega’s opposition in the lawsuit brought by the former dictator and convicted murderer. Rudy Giuliani, former New York City Mayor and named partner of Bracewell & Giuliani, will argue as co-counsel beside Munger, Tolles & Olson at the October 16 hearing in Los Angeles Superior Court in support of Activision Blizzard’s motion. Activision Blizzard is moving to strike Noriega’s lawsuit on the grounds that the minor inclusion of a Noriega character in Call of Duty: Black Ops II is protected free speech. The motion to strike was filed in Los Angeles Superior Court on September 22. The legal action seeks to dismiss Manuel Noriega’s complaint at the outset under California’s anti-SLAPP statute. Lawyers for Manuel Noriega filed a response to the anti-SLAPP motion on October 2. The Superior Court will consider the matter at a hearing on October 16.
October 6, 2014
13:17 EDTATVIWorlds Inc. announces Activision patent infringement Markman Hearing completed
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