Activision Joins S&P Mid Cap 40017 Jan, 2002 By: Hive News
Activision,has become a component of the S&P MidCap 400 Index. The S&P MidCap 400 Index consists of 400 domestic stocks chosen for market size, liquidity, and industry group representation. It is a market-value weighted index with each stock's weight in the Index proportionate to its market value. The MidCap 400 is widely used by managers and pension plan sponsors. $25 billion is indexed to the S&P MidCap 400."Activision is honored to have been selected for the S&P MidCap 400 Index,'' commented Robert Kotick, chairman and CEO of Activision, "Inclusion in the index highlights Activision's strong fundamental performance, which is reflected in our leading position in the industry.''In addition to domestic sales, the company ranked as the #2 U.K. third-party video game software publisher, increasing its market share in dollars 19 percent year over year for calendar 2001 to 5.4 percent from 5.1 percent for calendar 2000, according to Elspa/Chart-Track.Succes with games like Tony Hawk's Pro Skater 3, Return to Castle Wolfenstein, The Weakest Link and Spider-Man 2: Enter Electro are propelling Activision's games."Our extraordinary results over the past 12 months are attributable to our extensive product portfolio," said Scott Dodkins, SVP, Activision European Publishing. "In addition to strong consumer response to our new releases during the holiday selling season, our older titles continued to perform well."Additionally, for December, Activision ranked as the #2 UK video game publisher overall with an 8 percent market share, surpassing Sony and Konami. During the month, the company held the #3 spot on both the PlayStation©2 and the PC charts with Tony Hawk's Pro Skater 3 and id Software's Return to Castle Wolfenstein. Activision also had five top 20 games for the PlayStation game console and two top 10 titles on the handheld Nintendo Game Boy Advance."With a robust slate of games for 2002, including many for still unreleased next-generation games platforms, Activision is set to continue this great performance for a long time to come." Dodkins said. "We expect that as the installed base grows, the continuing success of our brands will significantly help drive the company's overall revenue and earnings."