Updated from 2:52 p.m. EDTActivision ( ATVI) is delaying the release of a key video game title, marking another setback to what is already expected to be an off year. The video game publisher and its partner Id Software are pushing back the release of Enemy Territory: Quake Wars from Activision's current second fiscal quarter to sometime next year. Activision doesn't have a new release date for the title, which was expected to be the only PC-only game it released this year, company spokesman Ashley Dyer said. "With
"We view today's news as a negative for ATVI, and another misstep after ATVI's problems last holiday" when the company
fell far short of analysts' earnings estimates due to weak overall demand, said McNealy, whose firm does not do investment banking. In response to the weakening conditions, Activision plans to sharply curtail its number of game releases this year. The company expects the market -- and its sales -- to pick back up next year. Despite the delay, McNealy remains positive on Activision, maintaining his buy rating. "We believe investors should be buying ATVI and the other publishers while expectations are low," he said. Shares of Activision, which traded near $15 in early May, were recently off 4 cents to $10.68. The company's shares, like that of the other video game publishers, are trading near their 52-week low amid a difficult transition to new video game technology.