Joystiq has your stash of criminally complete GTA IV news!
GameDaily
Add to: My AOL, MyYahoo, Google, Bloglines
Joystiq presents
Posts with tag stocks

Tecmo responds to Itagaki, stock prices fall

Well, what did you expect when one of the most notable icons in the gaming industry decided to depart from his longtime employer practically out of nowhere? Certainly Itagaki and Tecmo's president, Yoshimi Yasuda, wouldn't just shake hands, agree to disagree and go their separate ways. There's money at stake here!

And following Itagaki's departure, Tecmo has finally come out and said some things regarding the bad break-up. "The legal complaint is in regard to a claim to an incentive bonus linked to a past project," says the Tecmo press release. "The parties could not reach an amicable resolution to this matter, and Itagaki chose to seek a legal remedy. Tecmo will let the court decide the outcome of this case and will seek a true, fair, and quick resolution." For fans who are looking forward to other installments in Team Ninja's franchises, apparently Tecmo is still planning on producing those games, as the press release says that Team Ninja is "intact and, as a matter of fact, has several new projects already underway."

Despite the company's commitment to supporting these franchises, many think Itagaki's departure will be a bad thing for Tecmo, as stock prices plummeted in the wake of the Team Ninja head's resignation. Taking a 10% loss in price, you can bet Tecmo is not happy about this whole fiasco. One thing Tecmo will undoubtedly be giddy about, however, is the new smoke-free offices and policy that dictates employees aren't allowed to get wasted on whiskey while on the job.

Source - Tecmo fires back at Itagaki
Source - Stocks plummet after Itagaki departure

Nintendo stock rating downgraded because of demand worries


Nintendo stockholders have been profiting from their investments over the past year, but that might change in the near future. At least, that's what KBC Securities Japan thinks, and the company has thus downgraded Nintendo's stock investment rating from "buy" to "hold."

One reason for the downgrade is the fear that Nintendo's sales will stall. Now that the Wii and DS have been around for a while, KBC is worried that demand for Nintendo's products will lessen in the coming months. The weakening dollar will also make overseas sales drop in value.

Since economics is like alien speak to us, we're not sure how much weight KBC's rationale holds. It's true that Nintendo will have a hard time showing up the numbers of Wii Sports, Wii Play, and Wii Fit, especially in Japan -- the casual market is a key area when it comes to Nintendo's more explosive sales. Also, the DS is no longer the dominating force in Japan like it used to be, while the PSP has increased in popularity. Yet, even so, demand for Nintendo consoles and games is still high worldwide, so KBC might be jumping the gun.

[Via Joystiq]

Nintendo stock set to hit 7 month low

Nintendo's stock prices have been on a steady decline as of late. Just weeks ago, the stock took a slight tumble. This was mainly due to investor fear of the dollar getting weaker combined with the continuing hardware shortages plaguing Nintendo.

And despite what some folks see the company doing financially throughout this year, the stock continues to fall. Falling 5.9 percent to 45,800 yen, this is the lowest the stock has been set to fall since July 2nd of last year, a 7 month low. As for the future of Nintendo's stock, we hear it's better to buy when it's low, and sell when it's high. Not that we're qualified to give stock advice or anything ...

[Via Go Nintendo]

Nintendo stocks slip slightly


Nintendo's stocks have taken a small hit today, as a strong yen pulls in to take a portion of the blame for itself. As Nintendo raised profit forecasts and promised an increase in manufacturing and shipping, last week saw a rise in the video game company's stock. Investors, who fear the strength of the yen and the decline of the dollar, note the large portion of business that comes from exporting product for Nintendo. As such, today saw the stock price fall 5,000 yen to 46,800 yen.

Of course, shortages in the U.S. and Europe aren't helping things. Both of Nintendo's products are almost impossible to find, giving investors that much more reason to want to sell shares.

Kabu Trader Shun's minigame and big trailer

Half adventure game, half stock trading battles, Kabu Trader Shun hits Japanese stores later this week. Looking to promote its release, Capcom posted a Flash minigame complementing the Phoenix-Wright-styled title. Players can live out the after-hours-lounge experience of a stock trader, text messaging a needy girlfriend while trying to keep the boss' drink filled at the same time. It's a simple, fast-clicking diversion, but seeing the creative steps companies are taking to advertise their games is always interesting.

We happened to also spot a lengthy trailer during our stay at Kabu Trader Shun's official site, though we can't guarantee its freshness. Clocking in at just over two-and-a-half minutes, the video introduces the game's characters, trade battles, and adventuring sequences. Head past the post break for the movie.

Continue reading Kabu Trader Shun's minigame and big trailer

Features
Another Week in ... (46)
Bury the Shovelware (1)
DS Daily (469)
DS Fanboy Lite (40)
DS Fanboy poll (41)
Friday video (68)
Game Night (143)
Gaming to Go (1)
Items of Import (0)
Metareview (53)
Promotional Consideration (53)
Show and Tell (59)
The DS Life (53)
What are you playing? (88)
Bits
Accessories (134)
Downloads (61)
Fan stuff (1386)
Features (264)
GBA (127)
Hacks (79)
Homebrew (203)
How-tos (67)
Imports (864)
Interviews (145)
Meta (119)
Mods (16)
News (3060)
Nintendo Wi-Fi (180)
Reviews (180)
Sales (184)
Screens (884)
Video (637)
Rumors (172)

RESOURCES

RSS NEWSFEEDS

Powered by Blogsmith

Featured Galleries

Elebits: The Adventures of Kai and Zero
Princess Maker 4
Dropcast
Rhythm Tengoku Gold
Prince of Persia: The Fallen King
Zettai Karen Children DS: Dai-4 no Children
Mystery Dungeon: Shiren the Wanderer DS 2
The Tower DS
Mystery Case Files: MillionHeir

 

Most Commented On (14 days)

Recent Comments

Weblogs, Inc. Network

  • Autos
    • Autoblog
    • AutoblogGreen
    • Autoblog Spanish
    • Autoblog Chinese
    • Autoblog Simplified Chinese
  • Technology
    • Download Squad
    • Engadget
    • Engadget HD
    • Engadget Mobile
    • Engadget Chinese
    • Engadget Simplified Chinese
    • Engadget Japanese
    • Engadget Spanish
    • Engadget Polska
    • Switched
    • TUAW (Apple)
  • Lifestyle
    • AisleDash
    • DIY Life
    • Gadling
    • Green Daily
    • Luxist
    • ParentDish
    • Slashfood
    • Styledash
    • That's Fit
  • Gaming
    • Joystiq
    • DS Fanboy
    • Massively
    • Nintendo Wii Fanboy
    • PS3 Fanboy
    • PSP Fanboy
    • WoW Insider
    • Xbox 360 Fanboy
    • Big Download
  • Entertainment
    • Cinematical
    • TV Squad
  • Finance
    • BloggingBuyouts
    • BloggingStocks
    • WalletPop
  • Sports
    • FanHouse Main
    • NFL
    • NBA
    • MLB
    • NCAA Football
    • NCAA Basketball
    • NASCAR
    • NHL
    • Golf
    • Fantasy Football
  • Also on AOL
    • African-American Culture
    • Cars
    • Games
    • Maps
    • Money
    • Movies
    • Music
    • News
    • Radio
    • Sports
    • Television
    • Travel

Other Weblogs Inc. Network blogs you might be interested in:

PS3 Fanboy
  • Criterion working on Burnout Paradise planes
  • Hayter discusses MGS film, Kojima creative differences
  • Gameplay video shows first part of Silent Hill: Homecoming
WOW Insider
  • Forum post of the day: Faith in healing
  • The Creamy GUI Center: Big bag blowout
  • Wanna be friends with a murloc?
Xbox 360 Fanboy
  • Airplanes in Burnout Paradise?
  • Burnout's Cagney update delayed a few days
  • MK VS DC new screens, plus "Brutalities"
Nintendo Wii Fanboy
  • Thunder Force striking again?
  • Mod plays NES in a NES cartridge
  • Another Week in Europe
PSP Fanboy
  • PSP may have helped police catch multiple murderer
  • Phantasy Star Portable demo details, DLC announced
  • PSP caused teen to shoot another teen
Big Download Blog
  • Live outside in Sunny Day Sky
  • Will Fallout 3 be banned in Australia?
  • We'll trade you a Heavy for two Demomen . . .
AOL Sports Blog
  • Ana Ivanovic Appears on August FHM Cover
  • Another Win Goes to Busch in Crazy Finish
  • UFC 86 Classic Slugfest: Forrest Griffin Beats Quinton 'Rampage' Jackson