Activision Runs A-Foul Of Nasdaq
High finances shenanigans aren’t just restricted to the likes of Enron and Martha Stewart. No, the greed and shady business dealings that characterizes much of our daily lives has spread into the previously pure, untouched world of game publishers.
Activision, already sitting on one warning from Nasdaq for failing to report their quarterly earnings for Q3 last year, managed, with full knowledge and acknowledgement, to also not get their Q4 report in on time to the major stock market. Nasdaq responded with another tut-tutting, and Activision says that it may, perhaps, but hey-we’re-not-guaranteeing-anything, have both of the missing reports in by May of 2007. By which time, funnily enough, I would expect Q1 statements for 2007 to be due. Always one step behind, those guys.
The reason for the delays? Internal investigations into the company’s policies for granting stock options. Nasdaq seems unimpressed and it is wholly possible that if Activision misses the May 9th deadline yet again, that its stock will be delisted from the Nasdaq market. Ouch. Here’s hoping that Activision employees don’t have mandatory stock options…
Via | GameSpot
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1 opinion for Activision Runs A-Foul Of Nasdaq
Gaming Companies Make Lousy Administrators
Jul 23, 2007 at 1:06 am
[…] like Activision, Atari has shown that it can’t (or won’t) keep proper books to satisfy NASDAQ, and now […]
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