Activision has posted a fourth quarter LOSS. However, they seem to have pin-pointed the problem - flagging sales of Guitar Hero and titles on the Wii platform.
Activision Blizzard Inc., the worldâ€™s largest video-game maker, posted a fourth-quarter loss because of flagging sales of â€œGuitar Heroâ€ and Wii titles.
The shares rose after the Santa Monica, California-based company set a $1 billion stock buyback and its first dividend. Excluding charges, results beat analystsâ€™ estimates.</blockquote>
News Source: <a href="http://www.businessweek.com/news/2010-02-10/activision-posts-loss-on-guitar-hero-sets-buyback-dividend.html" target="_Blank">BusinessWeek</a>