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Posts tagged shares

GameStop shares slip 10%

GameStop announced that it doesn't expect an insanely strong fourth quarter due to competition, which resulted in a 10% drop in its stock price. Don't get any sneaky ideas all you GameStop haters -- just because the group won't be making as much money as expected, doesn't mean it still won't be ...

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Nintendo shares jump to record high

Wall Street reacted favorably towards the House that Mario Built on Wednesday as Nintendo shares rose to a record high before closing up 2.7 percent at ¥64,800 ($555). The surge in stock price echoed Goldman Sachs' decision to cover Nintendo's stocks; the investment bank offered up a "buy" ...

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Nintendo is worth almost as much as Sony

Nintendo has surpassed the enormous electronics firm (and unfortunate 3DO M2 owner) Matsushita to take second place in market value for electronics firms. Nintendo's market value (the value of all of its shares) is currently at 6.30 trillion yen ($51 billion), which is not that far off from ...

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Japanese government sells its Nintendo stock

Wait, what? It turns out that the Japanese seat of power actually owned around 1.4% of Nintendo's stock, coming in at a pricey $557 million dollars ... turns out they made quite a profit, seeing as how Nintendo's stock has gone up 43% in the past six months alone. The unfortunate consequence of this ...

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More Atari trouble: Infogrames shares suspended

Newly appointed Atari CEO, David Pierce, must have been dangerously close to spilling his herbal tea this morning after reading a BBC news report regarding the suspension of Infogrames shares. If you recall, Infogrames is the French company that purchased the seemingly cursed Atari name back in 2001 ...

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Infinium founder charged with using "impending Phantom launch" to inflate and sell stock

Timothy Roberts, the founder and former CEO of Infinium Labs, the company that promised us the Phantom (which came in at second on Wired's list of vaporware products of '06), has been accused by the Securities and Exchange Commission of artificially inflating stock and selling it on at a $422,500 ...

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