quote
Robert Kotick, CEO of Activision Blizzard, stated, "We delivered better-than-expected calendar year non-GAAP financial results and our fourth quarter non-GAAP net revenues and non-GAAP earnings per share were the highest in our company's history. On a non-GAAP basis, our performance enabled us to deliver the most profitable year in our company's history and record operating margin. We generated approximately $1.2 billion in operating cash flow and ended the year with approximately $3.3 billion in cash and investments.
unquote
so they're gonna use 1bn out of the 3.3bn cash above to buy back their own stocks, to please shareholders and the management and their stock option plans
operating result was very good, the stock rallied 10% the next day, so no activision is not in trouble...
