Joystiq http://www.joystiq.com Joystiq http://www.blogsmithmedia.com/http://www.joystiq.com/media/feedlogo.gif Joystiq http://www.joystiq.com en-us Copyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[EA executives Andrew Wilson, Stephen Bene unload stocks]]>http://www.joystiq.com/2013/05/10/ea-executives-andrew-wilson-stephen-bene-unload-stocks/http://www.joystiq.com/2013/05/10/ea-executives-andrew-wilson-stephen-bene-unload-stocks/http://www.joystiq.com/2013/05/10/ea-executives-andrew-wilson-stephen-bene-unload-stocks/#comments Two of Electronic Arts' top-level executives have collectively unloaded a total of 57,085 stocks, following a general increase in EA's stock value after this week's Star Wars exclusivity announcement. According to SEC forms filed yesterday, EA Sports executive vice president Andrew Wilson has sold his entire stake in the company: 32,085 shares at $21.42 a pop, for a grand total of $687,260.70.

EA senior vice president and General Counsel Stephen Bene followed suit, today exercising an option to buy 25,000 shares from EA at $16.06 per share for $401,500 in total, well below the current market value. Bene then sold those shares for $22.40 each, making $560,000. After subtracting the amount originally spent when the option to buy the shares was exercised, Bene made a net profit of $158,500. Unlike Wilson, Bene is still in possession of 6,700 shares of EA, according to SEC documents.

JoystiqEA executives Andrew Wilson, Stephen Bene unload stocks originally appeared on Joystiq on Fri, 10 May 2013 19:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>3dsAndrew-WilsonEAelectronic-artsfinancemacmicrosoftmobilenintendopcplaystationplaystation-vitaps3Stephen-Benestocksvitawii-uxboxFri, 10 May 2013 19:30:00 EST<![CDATA[Analyst: Black Ops 2 sales a 'cause for concern,' downgrades Activision]]>http://www.joystiq.com/2012/11/29/analyst-black-ops-2-sales-a-cause-for-concern-downgrades-act/http://www.joystiq.com/2012/11/29/analyst-black-ops-2-sales-a-cause-for-concern-downgrades-act/http://www.joystiq.com/2012/11/29/analyst-black-ops-2-sales-a-cause-for-concern-downgrades-act/#comments Analyst Black Ops 2 sales a 'cause for concern,' downgrades ActivisionSales of Call of Duty: Black Ops 2 are on a trend to be down 15 percent from last year's launch of Modern Warfare 3, financial analyst Arvind Bhatia of Sterne Agee posits. Modern Warfare 3 sales were down 5 percent from the previous year's Black Ops, and if this scenario plays out again Bhatia calls it "a cause for concern" for Activision-Blizzard.

Call of Duty as a franchise is responsible for up to 45 percent of Activision's earnings before interest and taxes, Bhatia says, justifying the concern clause. Average reviews of Black Ops 2 were lower than Modern Warfare 3's, and Black Ops 2 launched a week after Halo 4 but a week before Black Friday, meaning some customers may have waited to buy it, Bhatia says.

Sterne Agee downgraded Activision's rating from "buy" to "neutral" and reduced 2013 estimates from $4.74 billion to $4.3 billion.

All this is in spite of the fact that Black Ops 2 pulled in $500 million at retail on its first day, breaking records and surpassing Modern Warfare 3's $400 million, and is the UK's fourth largest launch ever.

JoystiqAnalyst: Black Ops 2 sales a 'cause for concern,' downgrades Activision originally appeared on Joystiq on Thu, 29 Nov 2012 22:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ActivisionActivision-Blizzardcall-of-duty-black-ops-2financialmicrosoftpcplaystationps3sterne-ageestocksxboxThu, 29 Nov 2012 22:15:00 EST<![CDATA[British Telecom says it's 'highly likely' to write off OnLive stake]]>http://www.joystiq.com/2012/08/21/british-telecom-says-its-highly-likely-to-write-off-onlive-st/http://www.joystiq.com/2012/08/21/british-telecom-says-its-highly-likely-to-write-off-onlive-st/http://www.joystiq.com/2012/08/21/british-telecom-says-its-highly-likely-to-write-off-onlive-st/#comments 0British Telecom has reported that it is "highly likely" to simply write off the 2.6 percent stake it invested in the recently rebooted cloud computing service, OnLive. The issue isn't yet settled, but a BT spokesperson told TechRadar that "the 2.6 percent shareholding in OnLive does not represent a significant investment for BT as a whole. We consider it highly likely that we'll have to write off our investment."

HTC also made a $40 million investment in OnLive, and it has already reported to the Taiwanese Stock Exchange that it considers the money written off. With all of OnLive's assets being transferred to form a new company, getting compensated for their investments may be more trouble than it's worth for both HTC and BT.

But the book isn't closed just yet - BT says it will "keep a close eye on developments" with OnLive, and that current customers who are able to access the service can continue to do so for the time being.

JoystiqBritish Telecom says it's 'highly likely' to write off OnLive stake originally appeared on Joystiq on Tue, 21 Aug 2012 23:59:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>british-telecombtcompanieshtcinvestmentmobileonlivepcstakestockstaiwanTue, 21 Aug 2012 23:59:00 EST<![CDATA[Report: Activision stock may rise 50 percent with Pandaria, CoD Online]]>http://www.joystiq.com/2012/08/05/report-activision-stock-may-rise-50-percent-with-pandaria-cod/http://www.joystiq.com/2012/08/05/report-activision-stock-may-rise-50-percent-with-pandaria-cod/http://www.joystiq.com/2012/08/05/report-activision-stock-may-rise-50-percent-with-pandaria-cod/#comments Report Activision stock could rise 50 percent with Pandaria, CoD OnlineActivision Blizzard may see its share price increase as much as 50 percent as it prepares to launch the Mists of Pandaria expansion for World of Warcraft and Call of Duty Online in China, financial newsweekly Barron's reports. Activision Blizzard is currently trading at $11.25, after reporting Q2 earnings above expectations but below the previous year, bringing in $1.08 billion.

Investors expect shares could reach a high of $17 due to Mists of Pandaria's launch in September and Activision's partnership with Chinese Internet provider Tencent Holdings to launch the free-to-play game Call of Duty Online, potentially in "mid-2013," Barron's says. The Chinese gaming market generated $7 billion and included 160 million gamers in 2011, and is expected to grow by 20 percent this year to cash in more than $9 million in 2014.

Activision Blizzard's shares have fallen 10 percent this year, while the broad market has gained 11 percent. Parent company Vivendi was looking to sell its 61 percent stake in Activision Blizzard earlier this year, but it appears those efforts have shifted focus.

JoystiqReport: Activision stock may rise 50 percent with Pandaria, CoD Online originally appeared on Joystiq on Sun, 05 Aug 2012 15:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ActivisionActivision-Blizzardcall-of-duty-onlinechinamicrosoftmists-of-pandariapcplaystationps3sharesstockstencenttencent-holdingsvivendiWorld-of-WarcraftxboxSun, 05 Aug 2012 15:30:00 EST<![CDATA[Zynga hit with insider trading lawsuit as execs cash out before crash]]>http://www.joystiq.com/2012/07/31/zynga-hit-with-insider-trading-lawsuit-as-execs-cash-out-before/http://www.joystiq.com/2012/07/31/zynga-hit-with-insider-trading-lawsuit-as-execs-cash-out-before/http://www.joystiq.com/2012/07/31/zynga-hit-with-insider-trading-lawsuit-as-execs-cash-out-before/#comments Zynga hit with insider trading lawsuit as execs cash out before crashZynga has been hit with the first of five expected lawsuits alleging a handful of top executives and investors engaged in insider trading - including CEO Marc Pincus and Google. Following Zynga's IPO in December, employees and investors were "locked up," unable to sell their shares until May 28. Technically. A group of top executives and shareholders hired underwriters to manage the sale of their shares, creating a loophole that allowed them to sell their stock at $12.

By May 28, when initial investors were legally allowed to sell their shares, Zynga stock had fallen to $6. Yesterday, it struck $3. Locked up investors had no opportunity to sell their shares at the same price as the top brass, and the insiders that did "cashed out at exactly the right time," Business Insider's Henry Blodget writes.

Continue reading Zynga hit with insider trading lawsuit as execs cash out before crash

JoystiqZynga hit with insider trading lawsuit as execs cash out before crash originally appeared on Joystiq on Tue, 31 Jul 2012 14:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>androidgoogleinsider-tradingiosipadiphonelawsuitmacmobilepcstockswall-streetZyngaTue, 31 Jul 2012 14:30:00 EST<![CDATA[THQ retains NASDAQ listing as board approves reverse stock split]]>http://www.joystiq.com/2012/07/02/thq-retains-nasdaq-listing-as-board-approves-reverse-stock-split/http://www.joystiq.com/2012/07/02/thq-retains-nasdaq-listing-as-board-approves-reverse-stock-split/http://www.joystiq.com/2012/07/02/thq-retains-nasdaq-listing-as-board-approves-reverse-stock-split/#comments THQ will keep its NASDAQ listing following the approval of a reverse stock split by its controlling board. Last week, stockholders met and approved a 10-to-one reverse stock split, effectively consolidating THQ's nearly 70 million stock units to around 7 million, and bringing their value from around $0.62 to $6.20 apiece. THQ risked delisting from NASDAQ due to shares trading below $1 for nearly 30 days, the cutoff for retaining NASDAQ listing status.

The reverse split is set to go into effect on July 9 (next Monday). Initially, it will increase THQ's stock price well above the minimum $1 required, but it's unknown if that stock price will stay above $1 per share for 10 consecutive days - if it doesn't, THQ once again faces delisting.

The next game THQ plans to launch is Darksiders 2 for Xbox 360, PlayStation 3, and PC on August 14.

JoystiqTHQ retains NASDAQ listing as board approves reverse stock split originally appeared on Joystiq on Mon, 02 Jul 2012 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>delistingnasdaqreverse-stock-splitstocksthqMon, 02 Jul 2012 10:30:00 EST<![CDATA[THQ planning reverse stock split to avoid NASDAQ delisting]]>http://www.joystiq.com/2012/05/27/thq-planning-reverse-stock-split-to-avoid-nasdaq-delisting/http://www.joystiq.com/2012/05/27/thq-planning-reverse-stock-split-to-avoid-nasdaq-delisting/http://www.joystiq.com/2012/05/27/thq-planning-reverse-stock-split-to-avoid-nasdaq-delisting/#comments ImageTHQ filed plans with the SEC Friday for a June 29 stockholders meeting, where the company will propose a reverse stock split to avoid delisting from NASDAQ.

In the filing, the company describes the need for the stock split to maintain the $1 per share minimum that NASDAQ requires for listing. THQ outlined three options in the process: 1:3, 1:5, and 1:10 reverse stock split ratios. Exercising any of these options results in fewer outstanding shares with an increased apparent value per share. For instance, should THQ perform a 1:3 reverse stock split, each stockholder would own one stock for every three owned prior to the split, even though the total value of the company's stock would not change.

The company's stock is currently trading at 61 cents per share.

THQ first received a delisting warning from Nasdaq on January 31, noting that the company's stock was trading below $1 per share. It has until July 23 to meet-and-maintain that closing standard for ten consecutive business days in order to be eligible for continued listing. THQ recently reported a net loss of $239.9 million for the fiscal year ending on March 31, 2012.

JoystiqTHQ planning reverse stock split to avoid NASDAQ delisting originally appeared on Joystiq on Sun, 27 May 2012 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>delistingNASDAQreverse-stock-splitstocksTHQthqiSun, 27 May 2012 12:00:00 EST<![CDATA[Sony shares drop to 31-year low in Japan, 19-year low in US]]>http://www.joystiq.com/2012/05/11/sony-shares-drop-to-31-year-low-in-japan-19-year-low-in-us/http://www.joystiq.com/2012/05/11/sony-shares-drop-to-31-year-low-in-japan-19-year-low-in-us/http://www.joystiq.com/2012/05/11/sony-shares-drop-to-31-year-low-in-japan-19-year-low-in-us/#comments ImageShares of Sony stock have dipped to their lowest number in 31 years in Japan and to a 19-year low in the US, following a dismal earnings report for the previous fiscal year. Sony shares dropped 7 percent in Japan, to 1,135 Yen ($14), and 2 percent in the US, closing at $15.37.

Sony CEO Kaz Hirai plans to lose 10,000 employees in a company-wide reorganization effort. Sony reported a net revenue loss of 9.6 percent for fiscal year 2012, dropping from $89 billion to $79.1 billion year-over-year.

JoystiqSony shares drop to 31-year low in Japan, 19-year low in US originally appeared on Joystiq on Fri, 11 May 2012 14:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>downfy-2012Japanplaystationplaystation-vitaps3pspsharessonystocksusvitaFri, 11 May 2012 14:45:00 EST<![CDATA[Zynga executives unloading 20 million shares in secondary offering]]>http://www.joystiq.com/2012/03/31/zynga-executives-unloading-20-million-shares-in-secondary-offeri/http://www.joystiq.com/2012/03/31/zynga-executives-unloading-20-million-shares-in-secondary-offeri/http://www.joystiq.com/2012/03/31/zynga-executives-unloading-20-million-shares-in-secondary-offeri/#comments Zynga is prepping for its upcoming secondary stock offering, which will put 43 million shares of the company up for sale -- 20.2 million of which are "Class B" shares that currently belong to the high ranking Zynga executives.

In descending order of shares being sold, cofounder Mark Pincus is unloading the most at 16.5 million shares, roughly 15 percent of his ownership of the company. Directors Reid Hoffman and Owen Van Natta come in second and third, selling 687,626 shares and 505,627 shares respectively. CFO David Wehner is selling more than 50 percent of his ownership in the company by offering 386,865 shares, followed closely by COO John Schappert whose 322,350 buyable shares make up nearly 45 percent of his total stake.

It's easy to read into things like this and infer all kinds of assumptions, both positive and negative, about what it means for the company. So instead of doing that, let's all forget the stock market even exists and watch cat videos.

JoystiqZynga executives unloading 20 million shares in secondary offering originally appeared on Joystiq on Sat, 31 Mar 2012 20:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>class-bMark-Pincussecondary-offeringstock-marketstockszyngaSat, 31 Mar 2012 20:00:00 EST<![CDATA[Zynga stock jumps after announcing a platform separate from Facebook]]>http://www.joystiq.com/2012/03/02/zynga-stock-jumps-after-announcing-a-platform-separate-from-face/http://www.joystiq.com/2012/03/02/zynga-stock-jumps-after-announcing-a-platform-separate-from-face/http://www.joystiq.com/2012/03/02/zynga-stock-jumps-after-announcing-a-platform-separate-from-face/#comments One of investors' main concerns when it comes to Zynga is the fact that it piggybacks on Facebook -- very successfully, mind you, but still, its entire multi-million dollar existence relies on a social networking platform that has a mind and billions of dollars of its own. Yesterday, when Zynga announced it will be launching its own gaming/social platform at zynga.com, investors perked up, and Zynga's stock rose 10 percent.

Zynga's stock had been trading at $13.43 and it rose to $14.49 by the end of the day yesterday. For once we agree with the stock market, at least in principle. Anything that puts Zynga in its own bubble that can only be reached by choice is a very, very good thing.

JoystiqZynga stock jumps after announcing a platform separate from Facebook originally appeared on Joystiq on Fri, 02 Mar 2012 16:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>androidfacebookiosipadiphonemacmobilepcPlatformstocksZyngaFri, 02 Mar 2012 16:30:00 EST<![CDATA[Zynga stock falters, holds on first day of trading]]>http://www.joystiq.com/2011/12/17/zynga-stock-falters-holds-on-first-day-of-trading/http://www.joystiq.com/2011/12/17/zynga-stock-falters-holds-on-first-day-of-trading/http://www.joystiq.com/2011/12/17/zynga-stock-falters-holds-on-first-day-of-trading/#comments Zynga stock finally roared out of the gate and on to the trading floor yesterday at $10 a share, but investors weren't hugely impressed with the social gaming company. The stock started up a dollar at $11, and then dropped back down two, and then thirty, and then fifty cents during the day, leveling off at $9.50, which Forbes says was thanks mostly to "a stabilizing bid by Zynga's underwriters," which means Zynga's investors stepped in and bought up enough stock to keep the price up.

So what happened? Shortly put, Zynga's stock wasn't really worth what it was priced out at. An initial public offering is designed to be priced a little low, in order to drum up demand for a company's stock from the public (not to mention raise some money). But Zynga went high and, as a result, didn't quite get the graph it wanted today.

They didn't sell the FarmVille, so to speak -- ZNGA will likely be trading fine on Monday (and $9.50 is fine for the highly competitive gaming industry; THQ is sitting down at 75 cents right now). But Zynga's hype phase appears to be over. Now the company needs to prove it can sell more than just cow clickers.

JoystiqZynga stock falters, holds on first day of trading originally appeared on Joystiq on Sat, 17 Dec 2011 07:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>farmvilleforbesnasdaqpcpricesstock pricesStockPricesstockszngazyngaSat, 17 Dec 2011 07:00:00 EST<![CDATA[Nintendo shares drop 5 percent following TGS showcase]]>http://www.joystiq.com/2011/09/13/nintendo-shares-drop-5-percent-following-tgs-showcase/http://www.joystiq.com/2011/09/13/nintendo-shares-drop-5-percent-following-tgs-showcase/http://www.joystiq.com/2011/09/13/nintendo-shares-drop-5-percent-following-tgs-showcase/#comments It seems Japanese investors weren't too thrilled by the presentation Nintendo put together for last night's Tokyo Game Show press conference. Despite revealing a new Mario Tennis, another Monster Hunter title, a firmware update and a different 3DS color, Nintendo's share price dropped to ¥12,290 by the end of trading yesterday -- a five percent day-to-day drop which some investors chalk up to a lineup that doesn't compete with the cheaper offerings of iOS and Android titles.

Speaking to Reuters, Ichiyoshi Investment manager Mitsushige Akino said, "Nintendo succeeded by pulling in people who weren't gamers and their needs now are no longer being filled by Nintendo, they are happy playing games on their mobile phones." We suppose Nintendo could combat further losses by making 3DS games cost 99 cents. Whatever they do, they should do it quickly, as Nintendo's stock has fallen 84 percent from its all time high of ¥70,500 in November 2007.

JoystiqNintendo shares drop 5 percent following TGS showcase originally appeared on Joystiq on Tue, 13 Sep 2011 11:38:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>businessdsindustrynintendosharestock-marketstockswiiTue, 13 Sep 2011 11:38:00 EST<![CDATA[Zynga delaying stock IPO, due to 'rocky stock markets' and SEC questioning]]>http://www.joystiq.com/2011/08/29/zynga-delaying-stock-ipo-due-to-rocky-stock-markets-and-sec-q/http://www.joystiq.com/2011/08/29/zynga-delaying-stock-ipo-due-to-rocky-stock-markets-and-sec-q/http://www.joystiq.com/2011/08/29/zynga-delaying-stock-ipo-due-to-rocky-stock-markets-and-sec-q/#comments Zynga delays IPO Zynga was all revved up to release the initial public offering of its stock, but has had to delay that plan due to market instability and to answer questions from the SEC, according to The New York Post.

The IPO was planned for next month, but the SEC is looking into how the social games company is reporting both its user numbers and revenue, two factors which would obviously greatly influence a stock's performance. Zynga's also citing "the rocky stock markets" as a factor in the delay, which means the IPO will be pushed back to sometime later this year, possibly in November.

Zynga also needed some time to post its performance numbers on all of its friends' walls on Facebook, as well as send out Free Mystery Gifts to everyone on the SEC's ruling board.

JoystiqZynga delaying stock IPO, due to 'rocky stock markets' and SEC questioning originally appeared on Joystiq on Mon, 29 Aug 2011 21:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>macmobilenew-york-postpcreuterssecurities-and-exchange-commissionstocksuszyngaMon, 29 Aug 2011 21:30:00 EST<![CDATA[HTC investing $40M in OnLive for smartphone gaming]]>http://www.joystiq.com/2011/02/08/htc-investing-40m-in-onlive-for-smartphone-gaming/http://www.joystiq.com/2011/02/08/htc-investing-40m-in-onlive-for-smartphone-gaming/http://www.joystiq.com/2011/02/08/htc-investing-40m-in-onlive-for-smartphone-gaming/#comments "Yes, OnLive works on cell phones, too," the company's enterprising CEO Steve Perlman assured us all ... fifteen months ago. Did you forget? 'Cause HTC sure didn't. The smartphone manufacturing giant has unannounced plans to buy 5.3 million OnLive shares at $7.50 each -- that's about a $40 million stake in the cloud-based technology outfit -- to better position itself in the gaming segment of the smartphone market, reports The Wall Street Journal. Currently, HTC designs smartphones for both the Android and Windows Phone 7 platforms.

HTC's investment would follow the reported $60 million raised by OnLive in 2010 through investments by British Telecommunications and Belgacom Group. During CES last month, OnLive also unveiled a partnership with Vizio to bring its games-on-demand service to a suite of products, including TVs and Blu-ray players.

JoystiqHTC investing $40M in OnLive for smartphone gaming originally appeared on Joystiq on Tue, 08 Feb 2011 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>androidcloud-gaminghtcinvestinginvestmentmobileonlivesmartphonestockswindows-phone-7Tue, 08 Feb 2011 16:00:00 EST<![CDATA[Zynga estimated to be worth more than EA]]>http://www.joystiq.com/2010/10/27/zynga-estimated-to-be-worth-more-than-ea/http://www.joystiq.com/2010/10/27/zynga-estimated-to-be-worth-more-than-ea/http://www.joystiq.com/2010/10/27/zynga-estimated-to-be-worth-more-than-ea/#commentsWe can't help but be kept awake at night, a constant state of worry hanging over our heads, wondering whether Zynga is financially surpassing the EAs and Activisions of the world. According to a Business Week report, it seems that Zynga recently did just that -- finally -- with SharesPost Inc. reporting Zynga's stock value at $5.51 billion, a full $290 million above EA's NASDAQ valuation of $5.22 billion.

ThinkEquity LLC analyst Atul Bagga told BW that Zynga's valuation "is not that crazy, given what's going on in the market," noting that growth prospects over the next three years help add value to the still nascent social game company. Bagga estimates Zynga's virtual goods profits will rise from approximately $1.6 billion this year to $3.6 billion by 2013, making Zynga a riskier, but potentially more lucrative investment. That is, of course, if people keep buying ... whatever it is they buy in Facebook games.

JoystiqZynga estimated to be worth more than EA originally appeared on Joystiq on Wed, 27 Oct 2010 13:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>atul-baggaeaelectronic-artsfarmvillefinancialnasdaqsocial-gamesstocksthinkequityvaluationzyngaWed, 27 Oct 2010 13:50:00 EST<![CDATA[Nintendo stock rises following 3DS announcement]]>http://www.joystiq.com/2010/03/24/nintendo-stock-rises-following-3ds-announcement/http://www.joystiq.com/2010/03/24/nintendo-stock-rises-following-3ds-announcement/http://www.joystiq.com/2010/03/24/nintendo-stock-rises-following-3ds-announcement/#commentsYou may have been a bit bewildered by Nintendo's out-of-nowhere announcement of a new DS a week before the North American launch of the DSi XL, but one group seems to have no issues with the timing or technology of the Nintendo 3DS: investors.

Marketwatch reports that Nintendo stock rose 9.7 percent yesterday in response to the hardware announcement. While it's hard to gauge exactly what it is about the 3DS that has inspired such confidence among investors, we would guess it's less about the current 3D trend and more about the fact that Nintendo announced a new thing, and Nintendo things have been good for stocks in the last five years or so.

JoystiqNintendo stock rises following 3DS announcement originally appeared on Joystiq on Wed, 24 Mar 2010 12:27:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>3dsDSnikkeinintendonintendo-3dsstocksWed, 24 Mar 2010 12:27:00 EST<![CDATA[GameStop reveals 2010 capital allocation program]]>http://www.joystiq.com/2010/01/12/gamestop-reveals-2010-capital-allocation-program/http://www.joystiq.com/2010/01/12/gamestop-reveals-2010-capital-allocation-program/http://www.joystiq.com/2010/01/12/gamestop-reveals-2010-capital-allocation-program/#comments We know, we know -- you've been sitting around all day worried sick about GameStop. Ever since the recent announcement of a cut profit forecast and the resultant drop in share prices, we've been in exactly the same boat. Good thing then that the company has announced plans to repurchase $300 million in stock from investors as part of its 2010 "Capital Allocation Strategy," with intentions to increase earnings per share by 10 percent.

Wedbush Morgan analyst Michael Pachter sees the announcement as "positive," echoing the company's statement of continued financial growth in 2010. "We believe that industry sales will rebound in 2010 and that GameStop is well-positioned to gain share the first half of the year. The company has high exposure to the hardcore software releases, which we expect to drive market growth in 2010, and comparatively low exposure to hardware, which we expect to decline," he says. It certainly doesn't hurt that GameStop plans to open 400 new stores over the course of the year -- the financials even leave $100 million on the side, reserved for "acquisition activity." It would appear that, at least for now, we can all can stop worrying. Finally.

JoystiqGameStop reveals 2010 capital allocation program originally appeared on Joystiq on Tue, 12 Jan 2010 18:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>2010-capital-allocation-strategybusinessgamestopmichael-pachtermoneystock-marketstockswedbush-morganwedbush-morgan-securitiesTue, 12 Jan 2010 18:30:00 EST<![CDATA[GameStop shares drop 15% following holiday sales info release]]>http://www.joystiq.com/2010/01/08/gamestop-shares-drop-15-following-holiday-sales-info-release/http://www.joystiq.com/2010/01/08/gamestop-shares-drop-15-following-holiday-sales-info-release/http://www.joystiq.com/2010/01/08/gamestop-shares-drop-15-following-holiday-sales-info-release/#comments Following yesterday's lowered profit forecast announcement from GameStop, the company's stock took a 15 percent dive as of last night. According to GamesInudstry.biz, stocks opened yesterday "sharply down" due to the release of lowered profit expectations, but rose again before ending the day at $20.46.

We might not know what the future holds for GameStop, but Wedbush Morgan analyst Michael Pachter returned from the future for just long enough to say he believes "industry sales will rebound in 2010 and that GameStop is well-positioned to gain share [over] the first half of the year." It certainly doesn't hurt the retailer that 2010 is chock full of delayed 2009 releases, we imagine.

JoystiqGameStop shares drop 15% following holiday sales info release originally appeared on Joystiq on Fri, 08 Jan 2010 14:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>2010businessgamestopmichael-pachtermoneystock-dropstockswedbush-morganFri, 08 Jan 2010 14:30:00 EST<![CDATA[Analyst: GameStop sales safe from digital delivery until 2017]]>http://www.joystiq.com/2009/10/15/analyst-gamestop-sales-safe-from-digital-delivery-until-2017/http://www.joystiq.com/2009/10/15/analyst-gamestop-sales-safe-from-digital-delivery-until-2017/http://www.joystiq.com/2009/10/15/analyst-gamestop-sales-safe-from-digital-delivery-until-2017/#comments
Even though GameStop seems to be accepting the inevitable digital future, one analyst says the major gaming retailer won't feel the pinch from online game delivery services until 2017. According to Broadpoint AmTech analyst Ben Schachter, limited storage capacity and bandwidth limitations mean it is "unlikely" that digital services will have a "meaningful impact" on GameStop's sales within this console cycle. Schachter doesn't anticipate the next console cycle to kick off until some time in 2014 and, even if future formats are completely digital, believes it will still take a number of years for market penetration to reach a threatening level to the retail business.

For an example of "proof" to his claims, Schachter points to the "very disappointing sales" of the digital download exclusive, Grand Theft Auto IV: The Lost & Damned. Confusing, considering all previous accounts have pointed to the downloadable expansion as seeing strong sales since release.

"The bottom line is that retail still matters," Schachter told IndustryGamers. While some analysts are keen on throwing the brick-and-motar chain under the bus during the increasing digital age, Schachter claims Gamestop "continues to defy the naysayers." He went on to ask if we wanted to pre-order any future games industry analysis.

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JoystiqAnalyst: GameStop sales safe from digital delivery until 2017 originally appeared on Joystiq on Thu, 15 Oct 2009 20:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>analystben-SchachterBroadpoint-AmTechbusinessdigital-deliveryeb-gamesgamestopGMEstocksThu, 15 Oct 2009 20:00:00 EST<![CDATA[EA stock dropped slightly following earnings report, back up]]>http://www.joystiq.com/2009/08/06/ea-stock-dropped-slightly-following-earnings-report-back-up/http://www.joystiq.com/2009/08/06/ea-stock-dropped-slightly-following-earnings-report-back-up/http://www.joystiq.com/2009/08/06/ea-stock-dropped-slightly-following-earnings-report-back-up/#comments 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 fairly certain that should The Sims 3 and EA Sports Active keep kicking butt at retail - and with EA's yearly fundraiser, Madden 10, on the horizon - EA stockholders will be A-OK.

JoystiqEA stock dropped slightly following earnings report, back up originally appeared on Joystiq on Thu, 06 Aug 2009 12:17:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>eaElectronic-Artsmadden-10sims-3stockstocksthe-sims-3Thu, 06 Aug 2009 12:17:00 EST<![CDATA[Take-Two stock takes punch after BioShock 2 delay]]>http://www.joystiq.com/2009/07/14/take-two-stock-takes-punch-after-yesterdays-bioshock-2-delay/http://www.joystiq.com/2009/07/14/take-two-stock-takes-punch-after-yesterdays-bioshock-2-delay/http://www.joystiq.com/2009/07/14/take-two-stock-takes-punch-after-yesterdays-bioshock-2-delay/#comments
Shares of Take-Two Interactive took a hit overnight after the company announced BioShock 2's delay to the first half of 2010. After-hours trading saw the stock drop 13 percent. Today, during regular trading hours, the stock has hovered around a 10-percent loss.

It's unlikely that a delay of Max Payne 3 or Mafia II would have caused investors to notice. GTA IV's DLC, The Ballad of Gay Tony, would have most certainly given the market agita if it had been delayed, but it still appears ready to come out all fabulous this fall.

JoystiqTake-Two stock takes punch after BioShock 2 delay originally appeared on Joystiq on Tue, 14 Jul 2009 13:05:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bioshock-2businessstockstake-twotake-two-interactiveTue, 14 Jul 2009 13:05:00 EST<![CDATA[Buying Activision Blizzard stock may be too extreme for you]]>http://www.joystiq.com/2009/07/13/buying-activision-blizzard-stock-may-be-too-extreme-for-you/http://www.joystiq.com/2009/07/13/buying-activision-blizzard-stock-may-be-too-extreme-for-you/http://www.joystiq.com/2009/07/13/buying-activision-blizzard-stock-may-be-too-extreme-for-you/#comments
Where does USA Today analyst Matt Krantz turn when he needs to hear blood rushing past his ears at 1,000 heartbeats per minute as he takes life to the edge? Why, investing in video games, naturally. "Just as Activision's games are for thrill seekers, the stock is, too," he wrote in a recent analysis of the company. "Investing in Activision shares will be filled with excitement, fear and suspense." Slow down, Matt, our adrenal glands just melted!

If you're up to it, you can read Krantz's full analysis of the stock right here. Or you can really push the thrill envelope and guzzle that cup of Starbucks that was super hot when you purchased it 30 minutes ago without sipping to see if it cooled. WOOOAAHHHH!

[Image credit: Tyla'75]

JoystiqBuying Activision Blizzard stock may be too extreme for you originally appeared on Joystiq on Mon, 13 Jul 2009 13:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>activisionactivision-blizzardfinancestockstaking-it-to-the-edgeusa-todayMon, 13 Jul 2009 13:00:00 EST<![CDATA[Take-Two stock jumps up 10% following earnings report]]>http://www.joystiq.com/2009/03/13/take-two-stock-jumps-up-10-following-earnings-report/http://www.joystiq.com/2009/03/13/take-two-stock-jumps-up-10-following-earnings-report/http://www.joystiq.com/2009/03/13/take-two-stock-jumps-up-10-following-earnings-report/#comments
Take-Two recently dished out deets concerning how much of the coveted moneyz the company made and how much of that was attributed to car theft. Following that, the company's stock started to get a spring in its step, rising 10% yesterday. With the company reporting a $50 million loss, seeing such a sharp climb is surprising, to say the least.

Take-Two's next game, GTA: Chinatown Wars, is due for release on March 17.

JoystiqTake-Two stock jumps up 10% following earnings report originally appeared on Joystiq on Fri, 13 Mar 2009 16:47:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>businessearningsgrand-theft-autogrand-theft-auto-ivgta-chinatown-warsgta-ivstockstockstake-twoFri, 13 Mar 2009 16:47:00 EST<![CDATA[Bond trader accidentally places $31bln Capcom order]]>http://www.joystiq.com/2009/02/26/bond-trader-accidentally-places-31bln-capcom-order/http://www.joystiq.com/2009/02/26/bond-trader-accidentally-places-31bln-capcom-order/http://www.joystiq.com/2009/02/26/bond-trader-accidentally-places-31bln-capcom-order/#comments A UBS trader's infatuation with the zero key almost led to a $31 billion order -- allegedly the largest in Tokyo Stock Exchange history -- for convertible bonds in Capcom. Reuters reports that, thankfully, the error was caught before any real financial harm occurred. The trader only meant to place an order for $306k.

The incident did raise some concerns about Japan's "lax approach to systems and compliance," especially since UBS was recently involved in two of the country's most famous trading blunders. Come on, regulatory guys. We're sure the trader could've just loaded a previous save file if things actually went bad. That's the way things work, no?

[Via Capcom Unity]

[Image]

JoystiqBond trader accidentally places $31bln Capcom order originally appeared on Joystiq on Thu, 26 Feb 2009 10:52:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>capcomerrorstockstokyo-stock-exchangeThu, 26 Feb 2009 10:52:00 EST<![CDATA[Square Enix stock drops to a five-year low]]>http://www.joystiq.com/2009/02/06/square-enix-stock-drops-to-a-five-year-low/http://www.joystiq.com/2009/02/06/square-enix-stock-drops-to-a-five-year-low/http://www.joystiq.com/2009/02/06/square-enix-stock-drops-to-a-five-year-low/#comments
It's enough to enlimpen even the most over-moussed hair spikes, and rustify the most well-polished gun-that's-a-sword-that's-also-a-magic-wand: Square Enix's stock has fallen to a five-year low according to Bloomberg. As of this morning, the stock had dropped 11% to ¥1,936 on the Tokyo Stock Exchange.

In other news that doesn't bode well for the company, Square has moved the date for reporting its earnings from today to February 13. We've been told we can expect president Yoichi Wada to take the stage, announce "Not a lot!" with a cute little half-shrug and give himself a high-five. In other news: OhGodtheworldeconomyiscollapsing! Buyallthepreciousmetalsyoucanfind!

[Via GI.biz]

JoystiqSquare Enix stock drops to a five-year low originally appeared on Joystiq on Fri, 06 Feb 2009 11:43:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>businesseconomyfinancesquare-enixstocksFri, 06 Feb 2009 11:43:00 EST<![CDATA[SCi invites Warner Bros to buy more stock]]>http://www.joystiq.com/2008/10/28/sci-invites-warner-bros-to-buy-more-stock/http://www.joystiq.com/2008/10/28/sci-invites-warner-bros-to-buy-more-stock/http://www.joystiq.com/2008/10/28/sci-invites-warner-bros-to-buy-more-stock/#commentsFiled under:

SCi is getting used to being on a dinner plate, so much so that the financially despondent publisher has invited Warner Bros. to the table for seconds. In the wake of the home entertainment giant's £60 million investment earlier this year, the Eidos parent put a freeze on Warner Bros' ability to purchase any more of SCi's precious stock until January 25, 2009, a hold that Gamasutra reports will be lifted a bit sooner than expected.

According to the report, the pair will be able to resume their financial tango on December 1, 2008, with the caveat that Warner Bros. will not be allowed to own more than 30 percent of SCi's total worth. Warner's investment in SCi currently stands at 16.13 percent, giving the media company ample opportunity to gift wrap just what every struggling company would want to find under its tree this Christmas -- freedom from financial ruin.

JoystiqSCi invites Warner Bros to buy more stock originally appeared on Joystiq on Tue, 28 Oct 2008 03:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>acquisitioneidoseidos-plcscistockstockstakeoverwarner-broswarnerbrosTue, 28 Oct 2008 03:00:00 EST<![CDATA[Nintendo stocks rise, execs get jewel-encrusted unicorn bonuses]]>http://www.joystiq.com/2008/06/27/nintendo-stocks-rise-execs-get-jewel-encrusted-unicorn-bonuses/http://www.joystiq.com/2008/06/27/nintendo-stocks-rise-execs-get-jewel-encrusted-unicorn-bonuses/http://www.joystiq.com/2008/06/27/nintendo-stocks-rise-execs-get-jewel-encrusted-unicorn-bonuses/#commentsFiled under:

Or, in the case of the fellow to the right, the Tony Montana bathtub.

For those of you who've been keeping track of the business situation with Nintendo, then you've already got your party hat on and have made several copies of your butt with the Xerox machine. Nintendo's stocks are on the rise. In fact, they're at a five-month high.

What's behind this rise? Well, The Telegraph is reporting that it's due to those of us here in the United States, because we've been buying up Wiis and Nintendo products like it's going out of style. So, if you've bought a Wii or Nintendo game recently, pat yourself on the back. You're helping Nintendo prosper.

[Via GamesIndustry.biz]

JoystiqNintendo stocks rise, execs get jewel-encrusted unicorn bonuses originally appeared on Joystiq on Fri, 27 Jun 2008 08:45:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>businessfinancesfinancialmoneynpdstocksFri, 27 Jun 2008 08:45:00 EST<![CDATA[Itagaki's departure causes Tecmo stock plummet]]>http://www.joystiq.com/2008/06/05/itagakis-departure-causes-tecmo-stock-plummet/http://www.joystiq.com/2008/06/05/itagakis-departure-causes-tecmo-stock-plummet/http://www.joystiq.com/2008/06/05/itagakis-departure-causes-tecmo-stock-plummet/#commentsFiled under:


Turns out Tomonobu Itagaki's imminent lawsuit might not be Tecmo's biggest problem after all. Within two days of the Ninja Gaiden developer's abrupt resignation from the company, Tecmo shares on the Tokyo Stock Exchange dropped rapidly.

Assurances that Team Ninja would remain (largely) intact apparently did not appease the stockholders. Shares dropped over 10% from Tuesday's closing of ¥1,102 (USD 10.40), to today's closing of ¥982 (USD 9.30). Not a good start to the company's new Itagaki-less lifestyle, to be sure.

JoystiqItagaki's departure causes Tecmo stock plummet originally appeared on Joystiq on Thu, 05 Jun 2008 17:50:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>dead-or-aliveitagakininja-gaidenstocksteam-ninjatecmoThu, 05 Jun 2008 17:50:00 EST<![CDATA[Tecmo responds to Itagaki, stock prices fall]]>http://www.joystiq.com/2008/06/05/tecmo-responds-to-itagaki-stock-prices-fall/http://www.joystiq.com/2008/06/05/tecmo-responds-to-itagaki-stock-prices-fall/http://www.joystiq.com/2008/06/05/tecmo-responds-to-itagaki-stock-prices-fall/#commentsFiled under:

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

JoystiqTecmo responds to Itagaki, stock prices fall originally appeared on Joystiq on Thu, 05 Jun 2008 13:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>businessitagakijapanlawsuitstockstockstecmotomonobu-itagakiThu, 05 Jun 2008 13:15:00 EST<![CDATA[SCi receives, turns aside potential takeover bid]]>http://www.joystiq.com/2008/04/23/sci-receives-turns-aside-potential-takeover-bid/http://www.joystiq.com/2008/04/23/sci-receives-turns-aside-potential-takeover-bid/http://www.joystiq.com/2008/04/23/sci-receives-turns-aside-potential-takeover-bid/#commentsFiled under:


While talk of a takeover of British publisher SCi continues to be tossed around, this doesn't mean that Lara Croft's troubled parent is open to shacking up with just anyone.

This week the company confirmed that it has received an offer from an unspecified suitor at a "significant premium" to SCi's current share price. However, the company stayed strong, turning away what we imagine to be bags of money emblazoned with dollar signs, claiming the offer was "not be in the best interests of the company or its shareholders." Still, with 14 projects in the vertical file and key management on the run, it might be time for SCi to lower its standards.

JoystiqSCi receives, turns aside potential takeover bid originally appeared on Joystiq on Wed, 23 Apr 2008 12:03:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>acquisitionediosscistockstomb-raidertombraiderWed, 23 Apr 2008 12:03:00 EST<![CDATA[Nintendo stock rating downgraded because of demand worries]]>http://www.joystiq.com/2008/03/21/nintendo-stock-rating-downgraded-because-of-demand-worries/http://www.joystiq.com/2008/03/21/nintendo-stock-rating-downgraded-because-of-demand-worries/http://www.joystiq.com/2008/03/21/nintendo-stock-rating-downgraded-because-of-demand-worries/#commentsFiled under:


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]

JoystiqNintendo stock rating downgraded because of demand worries originally appeared on Joystiq on Fri, 21 Mar 2008 18:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>businesscasualkbc-securities-japanmarketstock-marketstocksFri, 21 Mar 2008 18:00:00 EST<![CDATA[Take-Two rejects EA acquisition proposal [update 1]]]>http://www.joystiq.com/2008/02/24/take-two-rejects-ea-acquisition-proposal/http://www.joystiq.com/2008/02/24/take-two-rejects-ea-acquisition-proposal/http://www.joystiq.com/2008/02/24/take-two-rejects-ea-acquisition-proposal/#commentsFiled under:


Apparently, it didn't take them very long to consider Electronic Arts' somewhat hostile buyout proposal -- Take-Two's Board of Directors just responded to the offer with a press release of their own, stating that EA CEO John Riccitiello's proposal was "inadequate in multiple respects and not in the best interests of Take-Two's stockholders."

While EA's proposal listed Grand Theft Auto IV as a primary reason for the merger, as Riccitiello claimed EA could lend their help during the game's quickly approaching release, Strauss Zelnick, Take-Two's executive chairman, listed GTAIV as the primary reason why they wouldn't want to merge at this point in time, fully expecting to increase their overall value when the game hits store shelves come April 29.

Zelnick's laundry list of reasons why the buyout wouldn't benefit his company can be found on the press release. For now, let us rejoice in the postponement of the seemingly inevitable future where one superconglomerated gaming publisher/developer controls all game releases on the planet.

Update: MTV Multiplayer's Stephen Totilo just had a chat with industry guru Michael Pachter, who claims that this probably isn't the end of the ordeal, and that EA will eventually get their way -- though it might not happen for a while.

JoystiqTake-Two rejects EA acquisition proposal [update 1] originally appeared on Joystiq on Sun, 24 Feb 2008 17:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>breakingnewsbusinessbuyouteaElectronic-Artselectronicartsmergerstockstake-twotaketwozelnickSun, 24 Feb 2008 17:00:00 EST<![CDATA[Nintendo stock set to hit 7 month low]]>http://www.joystiq.com/2008/02/06/nintendo-stock-set-to-hit-7-month-low/http://www.joystiq.com/2008/02/06/nintendo-stock-set-to-hit-7-month-low/http://www.joystiq.com/2008/02/06/nintendo-stock-set-to-hit-7-month-low/#commentsFiled under:

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]

JoystiqNintendo stock set to hit 7 month low originally appeared on Joystiq on Wed, 06 Feb 2008 14:15:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>businessjapanstockstocksWed, 06 Feb 2008 14:15:00 EST<![CDATA[Nintendo stocks slip slightly]]>http://www.joystiq.com/2008/01/28/nintendo-stocks-slip-slightly/http://www.joystiq.com/2008/01/28/nintendo-stocks-slip-slightly/http://www.joystiq.com/2008/01/28/nintendo-stocks-slip-slightly/#commentsFiled under:


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.

JoystiqNintendo stocks slip slightly originally appeared on Joystiq on Mon, 28 Jan 2008 14:15:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>businesseuropejapanstocksusMon, 28 Jan 2008 14:15:00 EST<![CDATA[Activision stock way up after merger news]]>http://www.joystiq.com/2007/12/03/activision-stock-way-up-after-merger-news/http://www.joystiq.com/2007/12/03/activision-stock-way-up-after-merger-news/http://www.joystiq.com/2007/12/03/activision-stock-way-up-after-merger-news/#commentsFiled under:


Though some World of Warcraft fans may be in a tizzy over the news that Vivendi and Activision would merge to form Activision Blizzard, it seems that shareholders in the two companies weren't put out in the slightest. GameDaily is reporting that Activision saw a NASDAQ bump of 16 percent ($3.55) in their stock since the news was released, bringing its worth to $25.70. Vivendi got a three percent jump.

Not every investor is smiling though. When faced with the news that the company would have a new, super-powerful competitor, EA's stock tumbled 91 cents to $55.29. We're sorry, Electronic Arts, but at least you can take comfort in the fact that (at the moment, at least) your company has the far better name.

JoystiqActivision stock way up after merger news originally appeared on Joystiq on Mon, 03 Dec 2007 14:57:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>activisionactivision-blizzardblizzardstocksvivendivugamesworldofwarcraftwowMon, 03 Dec 2007 14:57:00 EST<![CDATA[Nintendo shares jump to record high]]>http://www.joystiq.com/2007/10/03/nintendo-shares-jump-to-record-high/http://www.joystiq.com/2007/10/03/nintendo-shares-jump-to-record-high/http://www.joystiq.com/2007/10/03/nintendo-shares-jump-to-record-high/#commentsFiled under: , ,

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" rating with a target share price of ¥71,000 ($609). In addition, and as if to brag, Nintendo raised its earnings expectations for the second time this business year to ¥370 billion, which amazingly is still well below analyst predictions of ¥415 billion.

Nintendo can thank the continuing success of its Wii and Nintendo DS platforms as the drivers behind its most recent success story, while Goldman Sachs lays equal praise at the company's 'talent in creating new markets,' noting that this could bring Nintendo's stock into alignment with that of Apple. Seems reasonable enough to us. Nintendo's product's already look the part, why not go all in?

JoystiqNintendo shares jump to record high originally appeared on Joystiq on Wed, 03 Oct 2007 11:58:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>DSGoldman SachsGoldmanSachsnintendorecordhighsharesstocksWiiyenWed, 03 Oct 2007 11:58:00 EST<![CDATA[Investors 'getting carried away' by BioShock buzz says analyst]]>http://www.joystiq.com/2007/08/23/investors-getting-carried-away-by-bioshock-buzz-says-analyst/http://www.joystiq.com/2007/08/23/investors-getting-carried-away-by-bioshock-buzz-says-analyst/http://www.joystiq.com/2007/08/23/investors-getting-carried-away-by-bioshock-buzz-says-analyst/#commentsFiled under: , ,


Following the rise in the Take-Two stock price, Nollenberger Capital Partners analyst Todd Greenwald tells GameDaily BIZ that BioShock is "not the next GTA" and he thinks investors are "getting carried away." Greenwald says he expects BioShock will beat sales expectations (which were originally under 1 million units) and land somewhere in the 1.5 - 2 million range. He says, "However, with the stock up over 20% in the last few days, we have heard of expectations in the 3-4 million unit range, which we believe are unrealistic... keep in mind that Bioshock is only being released on one console platform (Xbox 360), and will likely be limited by its intense, hard-core, first-person-shooter style of game. The game is very dark, very complex, and will have a hard time penetrating the mass market, in our view."

But what about Gears of War and its phenomenal success? Greenwald says that was a more "accessible game, had more marketing support, and was released in the holiday window." BioShock sales may come to a screeching halt come Sept. 25 with the release of Halo 3. Most importantly, Greenwald says that he believes the stocks rise can actually be attributed to the expectation that EA (or some other large entity) will acquire Take-Two -- although he doesn't expect it to happen in the next 3-6 months, he also says that management wants to get GTA IV out the door before talking buyout.

JoystiqInvestors 'getting carried away' by BioShock buzz says analyst originally appeared on Joystiq on Thu, 23 Aug 2007 03:02:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>2KBostonbioshockinvestorsirrationalPCstockstaketwoXbox-360Thu, 23 Aug 2007 03:02:00 EST<![CDATA[Kabu Trader Shun's minigame and big trailer]]>http://www.joystiq.com/2007/06/04/kabu-trader-shuns-minigame-and-big-trailer/http://www.joystiq.com/2007/06/04/kabu-trader-shuns-minigame-and-big-trailer/http://www.joystiq.com/2007/06/04/kabu-trader-shuns-minigame-and-big-trailer/#commentsFiled under: ,

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

JoystiqKabu Trader Shun's minigame and big trailer originally appeared on Joystiq on Mon, 04 Jun 2007 18:00:00 EST. Please see our terms for use of feeds.

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Sales figures and stock prices are important to any fanboy's repertoire. For some reason, there's a strange assumption that higher sales of a system means better games (something that I'd like to disagree with ... RIP Dreamcast). However, considering how we're all invested (mentally) in the industry, it's still fascinating to see how gamer perception reflects upon stocks--and Digital Battle did the research for us.

Sony fanboys know that Sony hasn't done as well as they could've this year, with both the PSP and PS3 launches. Nintendo has been on a roll with the Wii and the DS, and it appears the stock reflects that nicely. However, considering how Sony is a mega-conglomerate corporation, one can't assume the poor performance of the video game devision is to blame for their fiscal stagnation: I'm sure exploding batteries haven't helped them one bit.

[Via digg]

JoystiqNintendo versus Sony, in stocks originally appeared on Joystiq on Tue, 02 Jan 2007 11:45:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>2006digital battleDigitalBattlenintendosonystockstocksTue, 02 Jan 2007 11:45:00 EST<![CDATA[PS3 delay leads to publisher stock dip]]>http://www.joystiq.com/2006/09/07/ps3-delay-leads-to-publisher-stock-dip/http://www.joystiq.com/2006/09/07/ps3-delay-leads-to-publisher-stock-dip/http://www.joystiq.com/2006/09/07/ps3-delay-leads-to-publisher-stock-dip/#commentsFiled under: ,



Wall street reacted to yesterday's big news about the PS3's European delay and component shortages by lowering the stocks of some big video game publishers. Shares of Electronic Arts, Activision, THQ and Take Two fluctuated down one to four percent yesterday as investors and analysts took into account the delay's effect on near-term overseas profits. Despite the one-day drop, analysts are predicting that the delay will not affect the medium to longer-term prospects for the companies as they move resources to the next-generation of systems.

JoystiqPS3 delay leads to publisher stock dip originally appeared on Joystiq on Thu, 07 Sep 2006 12:45:00 EST. Please see our terms for use of feeds.

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