Activision Blizzard shares have slumped 14 percent in the last month, MarketWatch reports, as investors seemingly fret over the possibility that Blizzard's PC real-time strategy game StarCraft II may not make the 2009 calendar year.
But with Activision-owned Infinity Ward on track to launch the first-person shooter Call of Duty: Modern Warfare 2 to masses of frothing gamers, investors might have little to worry about.
Blizzard has gone on record to say that it hopes to release StarCraft II, the sequel to the 1998 original, sometime by the end of 2009. But the studio, known for World of Warcraft and its virtually peerless roster of successful games, still clung to the policy of "it's done when it's done."
Pachter said that when the game does ship, he expects it to sell 4 million units in its opening quarter. At $40 wholesale ($50 retail), that would equate to $160 million in revenues for Activision Blizzard. Operating profit could hit $80 million, he said, or 4 cents per share.