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NWR Interactive => TalkBack => Topic started by: StrikerObi on March 11, 2004, 07:19:32 PM

Title: Activision in Financial Trouble
Post by: StrikerObi on March 11, 2004, 07:19:32 PM

Looks like the publisher may have a rough road ahead.

Law firm Milburg Weiss has posted a notice on their website to investors who own shares of Activision stock. The investing group Construction Industry and Carpenters Joint Pension Trust for Southern Nevada has filed a complaint against game publisher Activision alleging that the company violated federal securities law. Several officers and directors of Activision have also been individually targeted.

The complaint alleges that Activision misrepresented their financial records in order to boost their stock value. In layman’s terms this means that Activision is just another on the list of companies that have been charged with "cooking" their financial books.

Investors who purchased shares of Activision stock between February 1, 2001 and December 17, 2002 may qualify to be part of the legal class action.

Title: RE: Activision in Financial Trouble
Post by: RABicle on March 11, 2004, 11:28:09 PM

Tough. Activision tried to cheat, they couldn't do it. Too bad, I can't think of a single game I would care for losing if they went broke.
EDIT: Wait yes I can! all those endless extreme sport titles. no wait I don't care about those games either.

Title: RE: Activision in Financial Trouble
Post by: Bartman3010 on March 12, 2004, 01:08:39 AM

They were pretty big in the 32/64 bit age, at least in the end...throwing out shoddy ports on the Nintendo 64...

Title: RE: Activision in Financial Trouble
Post by: thecubedcanuck on March 12, 2004, 01:24:44 AM

Activision makes the worst sports titles.

Title: RE: Activision in Financial Trouble
Post by: Infernal Monkey on March 12, 2004, 02:11:52 AM

And to think the last game I really enjoyed from Activision was Activision Anthology on PS2.. A collection of their Atari 2600 games.. Odd.

Title: RE: Activision in Financial Trouble
Post by: couchmonkey on March 12, 2004, 04:05:58 AM

I thought the Spider-Man games were excellent.  Too short, but excellent.
Anyway, I don't know if this really signals the demise of Activision, going by its stock price (even if it is inflated) and the popularity of some of its games (particularly Tony Hawk) the company appears to be in better shape than, say, Acclaim or Interplay - if Interplay is still around, I may be making that up.

Title: RE: Activision in Financial Trouble
Post by: vudu on March 12, 2004, 05:40:06 AM

isn't call of duty published by activision?  that was a great game; probably the best fps i've played since half-life.

Title: RE: Activision in Financial Trouble
Post by: KDR_11k on March 12, 2004, 06:08:59 AM

Someone else will pick it up.

Title: RE:Activision in Financial Trouble
Post by: Arbok on March 12, 2004, 07:12:41 AM

I actually liked Bloody Roar: Primal Fury quite a bit, still play it from time to time on my cube, however that was developed by Hudson anyway, Activision only published it in the US, so...

Title: RE: Activision in Financial Trouble
Post by: Ian Sane on March 12, 2004, 07:34:03 AM

Activision is one of the few American publishers that consistently releases titles that are actually pretty good.  When it came out the original Tony Hawk's Pro Skater was one of the best games I had ever played.  However I have significantly lost interest in them after they decided the Tony Hawk games had to be released EVERY YEAR like a Madden game without roster updates.  I think THUG is a great game but I only rented it because I already have THPS3 for the Cube so I don't need another very similar game so soon after.  I haven't even played THPS4 because of this.

So basically what I'm saying is that Activision is a pretty good publisher/developer but if they went under I wouldn't consider it a huge loss.  Though I think that it's only right if THQ, Acclaim, and Midway go first.  I'll allow EA to stay for now because Def Jam Vendetta was pretty swank.