MARKET TALK: Piper Cuts GameStop Views Amid Wii U Worries
12:18 EST - Piper Jaffray isn't upbeat on Wii U prospects, cutting its 2013 sales estimates on the next-generation Nintendo (7974.OK) game console as it calls the system's technical details "disappointing" and "a key reason we do not expect the console to sell well beyond" the holidays. The deluxe model's hard drive has much less storage than Sony's (SNE) PlayStation 3. As such, Piper cuts its sales estimates for the coming year on GameStop (GME) to 1% growth from 3% while going from 0.2% same-store-sales growth to a 2.6% decline. GME is down 5.3% at $26.10 after having jumped earlier this month.