SpeculatingStocks.com Releases a New Stock Report on Activision Blizzard (ATVI)

Pittsburgh, PA (PRWEB) February 14, 2009 -- SpeculatingStocks.com has released a new stock report on one of the hot stocks (http://www.speculatingstocks.com) they have been following, ATVI. SpeculatingStocks.com watches market trends and stocks they expect to be game changers like ATVI.

Founder of the stock picks site SpeculatingStocks.com, Russ Urban commented, "We are continuing to follow ATVI and we're excited about Activision Blizzard's future after the company reported earnings on Wednesday."

SpeculatingStocks.com New Updated Stock Report on ATVI

Activision Blizzard reported GAAP net revenues of $1.6 billion and non-GAAP net revenues of $2.3 billion for their last quarter. ATVI reported a GAAP net loss of $72 million and non-GAAP net income of $429 million. ATVI's outlook for non-GAAP earnings per diluted share was $0.29. ATVI's non-GAAP earnings per diluted share came in at $0.31, beating their outlook.

Activision Blizzard finished the calendar year as the largest and most profitable third-party publisher. ATVI's balance sheet is strong with no debt and more than $3 billion in cash.

With other third-party game publishers struggling, we could see ATVI (one of our past stock picks (http://www.speculatingstocks.com)) gain control of the hottest new emerging games in the market through acquisition with its large cash balance on hand. Two games that we fully expect to become major hits for ATVI this year are Starcraft II and Diablo III. We believe Wall Street has yet to realize the blockbuster potential of these two computer game franchises.

Last November, the company authorized a buyback of their own shares under which Activision Blizzard can repurchase up to $1 billion of ATVI shares. The company has bought back $126 million of its shares so far, or 13 million shares at an average price of $9.68 per share. ATVI closed at $9.70 in its last session after dipping to a low of $8.83 during Thursday's trading day. ATVI has crossed over its 50-day moving average of $9.36 and looks set to start the next leg higher in its uptrend.

For those who have not read it yet, check out our stock report (http://www.speculatingstocks.com/Activision-Blizzard-ATVI-Special-Stock-Report.html) released last week on ATVI.

The huge press coverage of ATVI hasn't slowed since earnings and looks to have picked up. During their conference call, ATVI discussed their upcoming release of Guitar Hero® Metallica® and entering into China with World of Warcraft®. Also, they expressed their excitement about the release of Starcraft II with the game showing up on many 2009 gaming much anticipated lists.

The struggling economy is overshadowing a lot, but we believe Activision's merger with Blizzard Entertainment could go down as one of the best mergers of all time. We believe time will tell. WoW (World of Warcraft) continues to sweep the United States and Europe, now we believe it will sweep Asia including China and South Korea.

Be ready for ATVI to have the next AAPL (Apple Inc.) type of move!

On another note, we want to say thank you to all the current visitors to SpeculatingStocks.com and stock newsletter subscribers! Come and join our stock newsletter (http://www.speculatingstocks.com/JoinUs.html) and become a daily visitor to SpeculatingStocks.com!

SpeculatingStocks.com is a cutting edge stock market site discovering the hottest penny stocks in the market with their stock picks. Check SpeculatingStocks.com's Stock Hub for the latest stock alerts (http://www.speculatingstocks.com/Members/StockHub.html) on hot stocks, stock market analysis and market trends.

This press release is the opinion of SpeculatingStocks.com, Inc. SpeculatingStocks.com, Inc. is not a registered investment advisor and nothing contained in any materials released by us should be construed as a recommendation to buy or sell any securities. Fair Disclosure: Russ Urban, owner of SpeculatingStocks.com, Inc., personally has a position in ATVI and holds ATVI call options. Please read our legal disclaimer at speculatingstocks.com/LegalDisclaimer.html.

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