Activision Blizzard, Inc (ATVI)Activision down after disappointing resultsForbes - June 1, 2007
Submitted by Powertrade (219)
at 12:13PM PST on June 1, 2007
Sales rise to $312.5 million but loss grew to $14.4 million. Deutsche Bank says larger loss is a "non-factor." Reiterates "Buy" rating with target at $23. Kaufman Bros believes ATVI will have strong momentum from Guitar Hero 2 (Xbox 360), Spider-Man 3 and Shrek games.
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