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Tecmo Koei lowers profit forecast after Q3 losses

Tecmo Koei has announced that it's lowering its annual operating profit forecast (essentially its guess for how much profit it will bring in before taxes) by a painful 95%. In addition, stock fell 9.5% to 630 yen ($7). This comes after the announcement of disappointing third-quarter losses (PDF...

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'EA is in the wrong business,' ex-exec Lasky blogs

Former Electronic Arts executive Mitch Lasky, who is now a member of venture firm Benchmark Capital, is not holding back his thoughts on the current financial turbulence at EA. Once EA's executive VP of mobile and online, Lasky now writes on his personal blog, "EA is in the wrong business, with the...

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Your pal Bobby earns $20 million in stock sale

What does an Activision Blizzard CEO do to celebrate the most successful launch in entertainment history? Sell his stock, of course. Earlier this week, CEO Bobby Kotick sold nearly two million shares, roughly 40 percent, of his investment in Activision Blizzard alongside the launch of Modern...

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THQ takeover talk causes stock bump

THQ's stock jumped up a solid 13 percent yesterday over whispers that the publisher is in a takeover company's line of sight. Optimism has recently surrounded the once fumbling publisher, as it pulled off a couple retail successes and has put on a good show with some surprisingly frank talk about...

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EA stock dropped slightly following earnings report, back up

EA's stock took a near seven percent dive yesterday, following the publishing giant's latest earnings report on Tuesday, GI.biz reports. As of writing this post, the stock stands at $20.55, jumping up a little over one percent since trading began today. We're no stock analysis site, but we're...

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Zelnick's Take-Two leadership blasted by investor blog

Wednesday 22 July 170-something lbs. I'm really sad, been putting on some weight and missing workouts. Food consumed today: Went total heifer and ate a tub of Cherry Garcia AND Vanilla Heath Bar Crunch. Too upset for anything else. Late morning. New York: my Take-Two office. Boo! Boo, I say....

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Report: Activision execs sell off a bunch of stock

Two Activision executives have a lot less Activision this week, according to The Business Insider. Last week, CEO Bobby Kotick unloaded 1.5 million shares of Activision stock, worth around $17 million, and co-chairman Brian Kelly sold 3.6 million shares, or $42 million worth. According to TBI,...

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Nintendo shares drop following Wii sales slowdown

Nintendo shares on the Osaka Stock Exchange dropped 6.6% today, closing at 26,180 yen ($265) following the release of the March NPD sales data, which shows a 17% drop in Wii sales compared to March of last year. "The severe sales result in the U.S. prompted disappointment among investors," said...

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Japanese analysts love Capcom stock

IFIS (International Financial Information Service) recently pulled data for analysts and their predictions of Capcom stock in Japan, and the vast majority of them placed favor on the house that Mega Man built. In fact, out of the 20 firms listed, not a single one had a "sell" recommendation on...

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Analyst: Nintendo profits have peaked, stock set to decline

Though Nintendo is currently making money faster than a brothel in shore leave season, Deutsche Bank analyst Satoru Kikuchi has given the company's stock a "sell" rating, usually reserved for companies who are facing an economic decline. Kikuchi foresees a slow trailing off for Nintendo's stock...

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