Malathi's Feed
Feb 13, 2014

South Korea’s Nexon elevating CFO to top spot

SAN FRANCISCO, Feb 12 (Reuters) – Nexon Co Ltd will
elevate CFO Owen Mahoney to the post of CEO in March as the
South Korean online gaming giant begins to aggressively explore
U.S. acquisitions to further a long-standing plan to expand in
Western markets.

Mahoney will succeed chief executive Seungwoo Choi, who has
led the company known for free-to-play PC games like combat
title “Dungeons&Fighters” since 2008.

Feb 12, 2014

Gamers help Nvidia’s fourth-quarter revenue beat Street

SAN FRANCISCO (Reuters) – Nvidia Corp (NVDA.O: Quote, Profile, Research, Stock Buzz) on Wednesday posted higher fourth-quarter revenue that beat expectations, fueled by the graphics chipmaker’s PC gaming components, even as it grapples with an expansion beyond computers and into mobile devices.

With the personal computer industry losing steam, Nvidia has expanded its graphics chips into mobile devices. But it is meeting stiff competition from larger Qualcomm Inc (QCOM.O: Quote, Profile, Research, Stock Buzz) and has responded by increasing its focus on automotive markets and other areas.

Feb 7, 2014

Activision earnings beat target; forecast falls short

SAN FRANCISCO, Feb 6 (Reuters) – Activision Blizzard Inc
reported better-than-expected fourth-quarter income on
strong sales of its “Call of Duty” titles during the holidays,
helping drive its stock to a five-year high despite a middling
first-quarter outlook.

The largest U.S. videogame publisher believes its coming
action game “Destiny” will become the company’s next
billion-dollar franchise, Chief Executive Officer Bobby Kotick
said in a statement. The game is expected to launch in
September.

Feb 4, 2014

Timeline: Microsoft’s journey: four decades, three CEOs

SAN FRANCISCO (Reuters) – Satya Nadella’s elevation to CEO and co-founder Bill Gates’ decision to relinquish his chairmanship at Microsoft Corp marks a changing of the guard at a 39-year-old company that fueled the PC revolution but is now struggling to establish its long-term identity.

Here are some highlights in the four-decade journey of the world’s largest software maker:

Feb 4, 2014

Microsoft’s journey: four decades, three CEOs

SAN FRANCISCO, Feb 4 (Reuters) – Satya Nadella’s elevation
to CEO and co-founder Bill Gates’ decision to relinquish his
chairmanship at Microsoft Corp marks a changing of the
guard at a 39-year-old company that fueled the PC revolution but
is now struggling to establish its long-term identity.

Here are some highlights in the four-decade journey of the
world’s largest software maker:

Feb 3, 2014

Take-Two raises full-year target but fourth-quarter outlook misses

SAN FRANCISCO (Reuters) – Video game publisher Take-Two Interactive Software (TTWO.O: Quote, Profile, Research, Stock Buzz) raised its full-year outlook again after smash hits “Grand Theft Auto V” and “NBA 2K14″ helped it post a better-than-expected fiscal third-quarter revenue.

But it gave a March quarter forecast that was weaker than expected. Shares in Take-Two were down 2 percent in after-hours trading after closing at $18.90 on the Nasdaq.

Feb 3, 2014

Take-Two raises full-year target but Q4 outlook misses

SAN FRANCISCO, Feb 3 (Reuters) – Video game publisher
Take-Two Interactive Software raised its full-year
outlook again after smash hits “Grand Theft Auto V” and “NBA
2K14″ helped it post a better-than-expected fiscal third-quarter
revenue.

But it gave a March quarter forecast that was weaker than
expected. Shares in Take-Two were down 2 percent in after-hours
trading after closing at $18.90 on the Nasdaq.

Feb 3, 2014

Take-Two’s third-quarter tops Street view, but fourth-quarter outlook misses

SAN FRANCISCO (Reuters) – Video game publisher Take-Two Interactive Software (TTWO.O: Quote, Profile, Research, Stock Buzz) reported third-quarter results on Monday that beat Wall Street expectations, helped by its holiday hits “Grand Theft Auto V” and “NBA 2K14,” but it gave a forecast for its fiscal fourth quarter that was weaker than expected.

Shares in Take-Two were down 2 percent in after-hours trading after closing at $18.90 on the Nasdaq.

Feb 3, 2014

Take-Two’s 3rd-qtr tops Street view, but 4th-qtr outlook misses

SAN FRANCISCO, Feb 3 (Reuters) – Video game publisher
Take-Two Interactive Software reported third-quarter
results on Monday that beat Wall Street expectations, helped by
its holiday hits “Grand Theft Auto V” and “NBA 2K14,” but it
gave a forecast for its fiscal fourth quarter that was weaker
than expected.

Shares in Take-Two were down 2 percent in after-hours
trading after closing at $18.90 on the Nasdaq.

Jan 31, 2014

Zynga seals $527 million mobile game deal, axes jobs in revival drive

SAN FRANCISCO (Reuters) – Zynga Inc will shed 15 percent of its workforce to slash costs and buy mobile game developer NaturalMotion for $527 million to refresh a stalled games pipeline, moves that sent its stock soaring 20 percent in after-hours trading.

Chief Executive Officer Don Mattrick, hired last year, is taking aggressive action to revive a company that developed “Farmville” and once dominated gaming on Facebook Inc’s social network, but is now struggling to adapt to the rise of mobile gaming.