Thursday, November 16, 2006

Activision Receives Compliance Letter From Nasdaq

Santa Monica-based entertainment software maker Activision is reporting today that it has received a Nasdaq Staff Determination Letter indicating that the Company is not in compliance Nasdaq Marketplace listing. The letter is the result of the firm's failure to report 10-Q results for the quarter. Activision said it intends to request a hearing with Nasdaq. Activision delayed its quarterly results because of a review of the firm's stock option grant practices; the firm is one of a very large number of companies facing similar stock option related issues.