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Activision Cans Expert

Though the company is expecting strong revenue and earnings growth in it's 2000 fiscal year, Activision is planning to take aggressive restructuring steps. As part of it'...
Though the company is expecting strong revenue and earnings growth in it's 2000 fiscal year, Activision is planning to take aggressive restructuring steps. As part of it's reorganization, Activision is folding budget games subsidiary Expert Software into it's other value line maker, Head Games. The consolidation will result in the cancellation of all of Expert's ongoing projects as well as the termination of it's entire workforce and the closure of Expert's Miami headquarters. Activision is also looking to discontinue non-core product lines that lack online or next-generation console potential. Activision will see approximately $66 million in pre-tax charges related to the restructuring.

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