Nasdaq wags finger at Activision

Spider-Man 3 publisher fails to report quarterly earnings in time in wake of stock backdating scandal, could face delisting.

"Where's that earnings report, Activision? Don't make me sic the bears on you!"

Activision today said that it has received another warning from Nasdaq after failing to file its earnings for the quarter ended December 31, 2006, in time. The publisher also said that the warning was expected.

This is the second straight quarter in which Activision has failed to file its earnings in time. Both delays were caused by internal investigations into stock-option grant practices. However, the company did issue a recent "preliminary" earnings report in which it claimed it sold $822.8 million worth of games during the fourth quarter of 2006.

Activision was granted continued listing on the basis that it files both delayed quarterly reports by May 9 of this year, but the company says that there is no assurance that it will be able to. If it fails to file its reports by that date, the company's stock could be delisted.

87 Comments

  • ghsacidman

    Posted Feb 21, 2007 1:05 pm PT

    Tonight's word.... hater. Why is everyone here complaining about Activision? Every now and then, THEY MAKE REALLY GOOD GAMES!!! And whats wrong with Treyarch???? I can't understand you people!!!!!!!!!!!

  • rarson

    Posted Feb 21, 2007 9:44 am PT

    "i hope the company goes under like Interplay"

    Totally! As a gamer, there's nothing I would love to see more than all the publishers go out of business! Then I wouldn't have to choose between which games I should spend my money on.

  • darth-revan

    Posted Feb 21, 2007 9:40 am PT

    Activision needs to shut down treyarch as they are currently an undiscovered blight on the industry. All they have bean doing is just making games that a lot of people buy with absolutely no information other than the liscense to go off of. Examples are, call of duty big red one (what were they thinking), Call of Duty 3 (GET OUT OF WWII OR GIVE INFINITY WARD ITS GAME BACK), Spiderman games (come on, were any of them NOT average and hastily put together.).

  • AndysInsane515

    Posted Feb 20, 2007 4:56 pm PT

    STEPHEN COLBERT IS AWSOME!!!!

  • predator1015

    Posted Feb 20, 2007 12:55 pm PT

    i hope not. i'm looking 4ward to spidey3 and any other upcoming tony hawk games.

  • Phaje

    Posted Feb 20, 2007 10:31 am PT

    they deserve worse. after screwing over the original Call of Duty developer, stealing their IP, and pretty much destroying their company...then going on to make millions on crap sequals, and they still can't do things right with all that stolen money. i hope the company goes under like Interplay, though i suppose the CEO and the other top ****heads will get away with the money and no penalties while the employees suffer.

  • benjy117

    Posted Feb 20, 2007 9:06 am PT

    I like Call of Duty online. I don't think they will go out like Acclaim did.

  • g_max_

    Posted Feb 20, 2007 7:57 am PT

    Finger wagging... That sounds like something that should be picked up by the filters here...

  • ufopuller

    Posted Feb 20, 2007 7:52 am PT

    IRS time

  • OGNeo69

    Posted Feb 20, 2007 6:12 am PT

    If you would take the time to learn about reporting Jerian you wouldnt' make such comments. I have been a full charge bookkeeper for 13 years and I will tell you there are many internal situations which could delay reporting which are clearly out of the bookkeeper/accountants hands. This being said, when a company is listed on the NASDAQ chances are they are trying to make sure they are as accurate as possible. If anyone wants to continue with the accusations Activision is still trying to cook the books then I ask any of you why would they need to?

    With hits such as call of duty alone why would anyone even venture such an outrageous claim?

    And Rain...what are you smoking cause if you missed the whole COD franchise then perhaps your also living under a rock.

    Peace

    -Q

  • Blazer88

    Posted Feb 20, 2007 4:56 am PT

    The Nasdaq gave Activision the finger? Anyways, I guess the assumption is they have something to hide. I hate to see yet another company go though, less devs means less chance for variety.

  • -HCMF-

    Posted Feb 20, 2007 3:42 am PT

    well, another one bites the dust...

  • Jerian

    Posted Feb 19, 2007 8:38 pm PT

    Why would they withhold information and risk being delisted?
    seems silly to me

  • poolboy8

    Posted Feb 19, 2007 7:20 pm PT

    This really isn't that big of a deal.

    A company I worked for once missed the deadline for reporting something or other and NASDAQ delisted us. The next quarter, we were relisted. It didn't affect us in the least.

  • JSharpe_187

    Posted Feb 19, 2007 6:32 pm PT

    ****ty *ss

  • Montrealien

    Posted Feb 19, 2007 4:54 pm PT

    Rain05, your so smart... oh and EccoCid, how do you take risks without any capital? So all these independent studios will be able to publish this risk of creativity with what money?

  • rain05

    Posted Feb 19, 2007 4:16 pm PT

    Who cares activision is one the worst gaming studios out there besides eidos. They came out with lame movie based games every single year. There only real Star is the Tony Hawk Franchise which has been declining since part4.

  • SqueekyPants

    Posted Feb 19, 2007 4:09 pm PT

    I like EccoCid.

  • JFreezy02

    Posted Feb 19, 2007 10:10 am PT

    Bummer!!

  • EccoCid

    Posted Feb 19, 2007 9:34 am PT

    nah i dont care...big companies arent making any good games anymore...they just release sequels ...its time for their fall and raise of independent companies which can take more risk and develop new stuff....

  • Rothgarr

    Posted Feb 19, 2007 9:26 am PT

    I still remember the day I got Kaboom! (Activision's first game) for the Atari 2600. If I'm not mistaken, I think Activision was the first third-party developer ever for a game system.

  • Sharvie

    Posted Feb 19, 2007 9:24 am PT

    And i like activision.

  • ShinAkuma777

    Posted Feb 19, 2007 9:06 am PT

    OH NO what does activision make anymore anyhow??

  • CheddarLimbo

    Posted Feb 19, 2007 7:58 am PT

    I don't understand how a huge company like Activision fails to post their earnings - pending investigations or not.

  • LosDaddie

    Posted Feb 19, 2007 7:45 am PT

    Activision needs to get their act straight.

  • Jokul

    Posted Feb 19, 2007 7:02 am PT

    If activision did fall you just know EA are going to buy it like a bargain basket game at the store, i.e they wanted to buy it to see how it is and it was really cheap at the time but chances are they won't enjoy it and Activision will sit on the shelf for ever and a day

  • the_real_VIP

    Posted Feb 19, 2007 6:04 am PT

    "gilbrod:
    Seriously.... what difference does it make if they are delisted. it won't stop them from making games."

    And seriously you know nothing about economics.

    When a company is listed in the stock markets, that company has easier meaning of exchanging stocks: buying, selling, which would give them better access to a better (or worst) share value in a shorter time. With higher value, you get more funds. But to have higher value, you need to have good earnings or profits. Then it gets too long to explain. Do you see yourself selling shares on the street? Anyone remember when Google started to list it's stocks during the first couple of minutes? Those Google's founders became multi-millionaires in a matter of seconds.

    Get some knowledge people.

  • dnathug

    Posted Feb 19, 2007 5:11 am PT

    Gotta report your earnings, even if it's nothing that's the rule. Hope Activision gets it's stuff together wouldn't want to see them gone.

  • Mishimotsu

    Posted Feb 19, 2007 5:09 am PT

    and we only recently landed them as a client... looks like we might be losin them unless they get their tooshy in gear

  • Merl57

    Posted Feb 19, 2007 4:38 am PT

    wow but shouldnt that investigation or whatever be taken into consideration? How can they file if they are allready in that mess?

  • fahad2mail

    Posted Feb 19, 2007 3:23 am PT

    I dont get it.

  • KingKoop

    Posted Feb 19, 2007 1:26 am PT

    Maybe Activision needs a new secretary ??

  • LessThanMike

    Posted Feb 18, 2007 10:54 pm PT

    nobody wags the finger quite like colbert

  • wizardballa03

    Posted Feb 18, 2007 9:21 pm PT

    COLBERT STERWART '08

  • jkdeadite

    Posted Feb 18, 2007 8:53 pm PT

    lol

    Who chose Colbert for this? No images of Activision or Nasdaq funny enough??

  • YukoAsho

    Posted Feb 18, 2007 4:32 pm PT

    BIGBoss - Every major developer makes great games and crap games (well, capt maybe Nintendo). While EA is certainly not an inspired, creative developer, I can't stand by the besmirching of UbiSoft, which has published some of the greatest console games ever (Prince of Persia, Splinter Cell, Rayman) or Activision, financier of Id, the legendary PC games developer. These companies are light years ahead of EA

  • SmallPower

    Posted Feb 18, 2007 3:15 pm PT

    I hope Colbert gets royalties for that gratuitous use of his image. And how's that for a pathetic misattributed quote.

  • BIGboss600

    Posted Feb 18, 2007 2:51 pm PT

    activision is just another ea/ubisoft which means they want money first and to make good games second i know its a business but tell that to kojima games they would never compromise the quality of there game for money at least thats the feeling i get from them

  • abelmaestro

    Posted Feb 18, 2007 2:47 pm PT

    The new Spiderman game is BS btw.

  • thekey

    Posted Feb 18, 2007 1:20 pm PT

    Other then COD 2, activision is trash. Before that it was spider man the movie, which isn't saying much. And before that they hadn't made a hit game since DOLPHIN! LOL!!!!!!!!!!!!!!!!(many of you are too young to rememder that game.) Thats was back in the Atari 2600 days.

  • xtremeg4m3r

    Posted Feb 18, 2007 12:41 pm PT

    Activision is great. So don't be hating on them.

  • SkinnyCow

    Posted Feb 18, 2007 12:15 pm PT

    Activision is like my dad

  • datniccah187

    Posted Feb 18, 2007 11:52 am PT

    Ut o!!! Getting in trouble i see. They better wrap up all of that funny business. I'm sure its all good though. Silly earnings reports, who needs them.

  • ryanthegreat232

    Posted Feb 18, 2007 11:28 am PT

    Once you get delisted can you be re listed, if not they are in serious trouble

  • sieg6529

    Posted Feb 18, 2007 6:24 am PT

    Activision can still sell games? $822 million to mee translates to a lot of low standards.

  • racerx737

    Posted Feb 18, 2007 12:06 am PT

    I would think getting delisted would hurt them, and that that would be a big enough incentive to get on the ball with filing their stuff.

  • leonia19

    Posted Feb 17, 2007 11:03 pm PT

    Nice use of Stephen Colbert's image.

  • lvod20

    Posted Feb 17, 2007 11:03 pm PT

    Ouch,get in line activision.

  • link631

    Posted Feb 17, 2007 10:05 pm PT

    ohh Activision is mean!

  • japanesegoth

    Posted Feb 17, 2007 10:05 pm PT

    "Seriously.... what difference does it make if they are delisted. it won't stop them from making games. "

    lol..yeah'

advertisement

Hot Stories

Newsmakers

Featured Stories

Tags

activision   nasdaq

Submit News

Got tips? Send them in!

Recent News

See All News »

Site Blogs