Games and Gadgets

Loss, View Weigh on Activision

 

Like rivals such as Electronic Arts (ERTS), Take-Two Interactive (TTWO) and Midway Games

(MWY), Activision officials reported somewhat weak demand for the company's games by retailers. But company CEO Bobby Kottick said the situation is similar to what the industry has been seeing for years, as retailers look to shrink the amount of inventory they have on hand.

The company plans on releasing five franchise titles in the holiday quarter, including new iterations of its Tony Hawk, Shrek and Call of Duty games. Management is "actively monitoring" demand and plan to shift shipments depending on how the holiday season plays out, Griffith said.

"On the execution side, we feel very good about where we are," he said.

Shares of Activision closed regular trading up 62 cents, or 4%, to $16.81.

>To order reprints of this article, click here: Reprints

TheStreet Premium Services

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,468.15 1,312.98 2,837.00 15.81
Oil *
101.93
UP
48.29
DOWN
0.34
DOWN
0.36
DOWN
0.44
10 Yr
1.58%
SPDR Gold
151.65
+0.39%
-0.03%
-0.01%
-2.71%
Data delayed 20 minutes

Top Stories and Tools

Articles From

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet