Steven Mallas over at BloggingStocks notes that Activision's stock (AVTI) capped a new 52-week high yesterday at $36.84. By the end of the day, the final price was slightly lower, but overall it grew nearly 5%. Mallas mentions what's on all of our minds -- Guitar Hero for DS, sure, but Activision is about to pick up a 10-million subscriber powerhouse called Blizzard. That's worth a little something to investors.
So while other, similar companies lost share price yesterday (Electronic Arts and Take Two, for example), our Activision overlords (whom I, for one, welcome with open arms) continues to do well. With Wrath of the Lich King pending around the corner, we can hope for the stock to pick up a few additional pennies. I don't know what effect the whole eSport buzz might have, but it could still be too early to tell.
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Reader Comments (Page 1 of 1)
6-18-2008 @ 3:54PM
Matthew said...
One of the favorite things about the company I work for (another well-known game developer) is that it's independent and privately-owned. Working for a publicly-owned company is annoying; always worrying about your options and whether or not you might get laid off if the stock dips 5% and the shareholders get all pissy.
That said, I sincerely doubt anyone at Blizzard really cares very much about their share price. As I understand it, there's revenue-sharing in place for them, so everyone who contributes to WoW is getting some intimidating salary bonuses.
As far as anyone who plays WoW worrying about the share price of Activision-Blizzard, why would you? It doesn't make a whit of difference to the game.
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6-18-2008 @ 5:18PM
bashfullson said...
Still, Matthew, it will be intresting to see how activision and blizzard will handle the merger. Mergers of 2 partners of equal size but different working atmosphere have a change to backfire in the long run.
And this is a change for Blizzard.
Although blizzard used to be part of Vivendi, Vivendi had too much on his hands cleaning up the mess of Messier to take intrest in Blizzard.
It could be that the rise of the share is due to the expected revenue from both SC2 and WotlK.
But in the end we should all welcome our Activision overlords
They just welcomed the nice income, but they left blizzard alone.
Now blizzard/activision is publicly owned, it could happen that the blizzard-people will have to pay attention to the price of the share.
6-18-2008 @ 5:22PM
bashfullson said...
Still, Matthew, it will be intresting to see how activision and blizzard will handle the merger. Mergers of 2 partners of equal size but different working atmosphere have a change to backfire in the long run.
And this is a change for Blizzard.
Although blizzard used to be part of Vivendi, Vivendi had too much on his hands cleaning up the mess of Messier to take intrest in Blizzard.
They just welcomed the nice income, but they left blizzard alone.
Now blizzard/activision is publicly owned, it could happen that the blizzard-people will have to pay attention to the price of the share.
It could be that the rise of the share is due to the expected revenue from both SC2 and WotlK.
But in the end we should all welcome our Activision overlords
sorry for dubble post but i think i did last post wrong.
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6-18-2008 @ 6:43PM
Jessierockeron said...
lol, the picture made me laugh
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