The statements contained in this presentation that are not historical facts are "forward-looking statements." We caution you that a number of factors could cause our future results to differ materially from those expressed in any such forward-looking statements. These important factors and other factors that potentially could affect the Company's results include those described in our Form 10-Q that was filed with the SEC on August 8, 2008 and our other SEC filings. The Company may change its intention, belief or expectation, at any time and without notice, based upon any changes in such factors, in the Company's assumptions or otherwise. The Company undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Unless otherwise noted, financial commentary will be made on a non-GAAP basis excluding the impact of the change in deferred net revenues and cost of sales related to certain online-enabled games, equity-based compensation, the operating loss results from the historical Vivendi Games businesses that the Company intends to dispose of or exit, one-time costs related to the business combination with Vivendi, and the amortization of intangibles resulting from purchase price accounting adjustments; for a full reconciliation, please refer to our press release dated July 31, 2008 which is available at
www.activisionblizzard.com under "investor relations". Finally, forecasts for calendar 2008 are as of our most recent conference call, which was held on July 31, 2008, and have not been updated.
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