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Nintendo stock downgraded on fears of slowing system demand

Despite Gamestop's recent assurances that the Wii will be hard to find for at least six more months, some think that the system's sales figures are about to peak. Exhibit one: KBC Securities Japan, which recently downgraded Nintendo's stock from a "buy" to a "hold" recommendation because of worries that Wii and DS sales will slow after "explosive growth" in the last year.

The KBC report, which also includes a 30 percent cut in its 12-month price estimate for Nintendo stock, is also based on worries that the Japanese company will see its revenues continue to suffer as a result of the weakening American dollar. KBC's outlook stands in stark contrast to Nintendo's own bullish profit estimates over the last year of surging sales. Since everyone seems to be making predictions, we're going to go out on a limb and say that Nintendo's stock will plummet when contact with an alien race quickly erases all human want and destroys the international economic system as we know it. Hey, it could happen ...

Luminous PSP 3.50 downgrader released

After showing the world that Lumines can be used to unlock homebrew on the Sony PSP's latest firmware upgrade, and thus increasing sales of the classic puzzler 59-fold, the folks at Noobz! have released a v3.50 downgrader that uses the newfound exploit.

All you need is a US or EU version of Lumines (support for the Japanese version coming soon), "sufficient intelligence and english language skills," and a pocket full of dreams.* Also, be advised that by downgrading the PSP, you run the risk of bricking it, rendering the portable nothing more than a paperweight. Instructions and files for download available at the Noobz! website.

* Pocket full of dreams not required but is certainly helpful as part of a well-balanced lifestyle

[Via PSP Fanboy]

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