Activision Boosts Sales Outlook

The company hopes to complete its review of historical stock option grants and file its restatements by the end of May 2007. Activision said it will offer detailed guidance on fiscal 2008 and additional financial results for the fourth-quarter 2007 once it has filed its financial restatements.

Activision expects to record additional noncash charges of about $67 million for stock-based compensation from options granted over a 13-fiscal-year period from 1994 to 2006.