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Stock Market & Financial Investment News

News Breaks
February 7, 2014
07:57 EDTATVIActivision Blizzard results strong in difficult environment, says Brean Capital
Brean Capital said Activision Blizzard posted strong Q4 results in a difficult macro environment. The firm sees improving industry fundamentals, strong release slate, and proven execution as reasons for increasing its price target to $22 from $20 and reiterating its Buy rating.
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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.
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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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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