Blizzard 2005 Annual Report Download - page 90

Download and view the complete annual report

Please find page 90 of the 2005 Blizzard annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 92

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92

Our฀common฀stock฀is฀quoted฀on฀the฀Nasdaq฀National฀Market฀under฀the฀symbol฀“ATVI.”
The฀following฀table฀sets฀forth฀for฀the฀periods฀indicated฀the฀high฀and฀low฀reported฀sale฀prices฀for฀our฀common฀stock.฀As฀of฀May฀31,฀2005,฀there฀were฀approximately฀2,808฀
holders฀of฀record฀of฀our฀common฀stock.
High Low
FISCAL 2004
First฀Quarter฀ended฀June฀30,฀2003 $ 6.75 $ 4.51
Second฀Quarter฀ended฀September฀30,฀2003 7.19 5.43
Third฀Quarter฀ended฀December฀31,฀2003฀ 9.55 5.79
Fourth฀Quarter฀ended฀March฀31,฀2004 12.13 8.54
FISCAL 2005
First฀Quarter฀ended฀June฀30,฀2004 $ 12.82 $ 10.31
Second฀Quarter฀ended฀September฀30,฀2004฀ 12.30 9.12
Third฀Quarter฀ended฀December฀31,฀2004 15.38 9.36
Fourth฀Quarter฀ended฀March฀31,฀2005 18.71 13.59
On฀May฀31,฀2005,฀the฀last฀reported฀sales฀price฀of฀our฀common฀stock฀was฀$15.80.
CASH DIVIDENDS
We฀paid฀no฀cash฀dividends฀in฀our฀fiscal฀years฀2005฀or฀2004฀nor฀do฀we฀anticipate฀paying฀any฀cash฀dividends฀at฀any฀time฀in฀the฀foreseeable฀future.฀We฀expect฀that฀earnings฀
will฀be฀retained฀for฀the฀continued฀growth฀and฀development฀of฀the฀business.฀Future฀dividends,฀if฀any,฀will฀depend฀upon฀our฀earnings,฀financial฀condition,฀cash฀requirements,฀
future฀prospects฀and฀other฀factors฀deemed฀relevant฀by฀our฀Board฀of฀Directors.
STOCK SPLITS
In฀April฀2003,฀the฀Board฀of฀Directors฀approved฀a฀three-for-two฀split฀of฀our฀outstanding฀common฀shares฀effected฀in฀the฀form฀of฀a฀50%฀stock฀dividend.฀The฀split฀was฀paid฀
on฀June฀6,฀2003฀to฀shareholders฀of฀record฀as฀of฀May฀16,฀2003.฀In฀February฀2004,฀the฀Board฀of฀Directors฀approved฀a฀second฀three-for-two฀split฀of฀our฀outstanding฀common฀
shares฀effected฀in฀the฀form฀of฀a฀50%฀stock฀dividend.฀The฀split฀was฀paid฀on฀March฀15,฀2004฀to฀shareholders฀of฀record฀as฀of฀February฀23,฀2004.฀In฀February฀2005,฀the฀Board฀
of฀Directors฀approved฀a฀four-for-three฀split฀of฀our฀outstanding฀common฀shares฀effected฀in฀the฀form฀of฀a฀331⁄3%฀stock฀dividend.฀The฀split฀was฀paid฀on฀March฀22,฀2005฀to฀
shareholders฀of฀record฀as฀of฀March฀7,฀2005.฀The฀par฀value฀of฀our฀common฀stock฀was฀maintained฀at฀the฀pre-split฀amount฀of฀$.000001.฀All฀share฀and฀per฀share฀data฀have฀
been฀restated฀as฀if฀the฀stock฀splits฀had฀occurred฀as฀of฀the฀earliest฀period฀presented.
On฀March฀7,฀2005,฀in฀connection฀with฀our฀stock฀split,฀all฀shares฀of฀common฀stock฀held฀as฀treasury฀stock฀were฀formally฀cancelled฀and฀restored฀to฀the฀status฀of฀authorized฀
but฀unissued฀shares฀of฀common฀stock.
Market for Registrant’s Common Equity and Related Stockholder Matters
page 89
Activision, Inc. — 2005 Annual Report