Fwd: Equity Idea - ATVI

Jeffrey

I think =e should buy some Activision. This is from the analyst who gave us the =olish gaming stock. The Call of Duty release is expected to be in late =ctober. Sounds like they have successfully integrated the battle royale =ala Fortnite) format into the latest CoD game.

I would =tart with $1MM.

ACTIVISION (BUY): =LACKOUT BETA OFF TO A GREAT START =nbsp; &n=sp; &nbs=;

Call of Duty: Black Ops 4 =lackout Beta "is like a super-polished PUBG" says well =espected review site IGN. Polygon call it "exceptional" =nd that the game developers are "onto something special".=Blackout is described as taking

all the best elements, a "greates= hits list" of some of CoD's best maps that looks =assive from the air but also feels surprisingly intimate and fast-paced =n the ground. The engagements are described as feeling extremely =actical (which will appeal to the CoD faithful) and noted for =E2404oplayfulness' with pickups allowing for fast paced =ction (driving around in first person after finding remote controlled =ar, grappling hook to zip around the map and grenade bringing handful =f zombies onto the map).

The =eta was described as intense and pressured like the PUBG format that =ade PUBG so successful on release. The power and support to make this a =hallenger to extend the popularity of battle royale format. The game =as seen as keeping to the roots of CoD and Black Ops which is essential =iven that Black Ops has spent years building up a loyal fan base of =ore than 200 million players and 15 billion hours player over its life =ime.

The game and Fortnite won'= really compete as they are two different games both mechanically and =isually with the only commonality the basic battle royale rules. But =he game will compete with PUBG and appears to have better graphics, is =aster and more dynamic and better response rates. Overall, just a few =ours in and it appears Blackout is winner over the fence sitters and =aysayers — which bodes well for the launch next month.

Paul Barrett
Alpha Group Capital LLC

should i ask David Fiszel what he thinks about this =tock? please advise thank =ou

Richard Kahn

HBRK Associates =nc.
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