Here's something I found I thought some of you might be interested in...
"Latest Figures Bode Ill For Nintendo Industry: Recently released sales figures strongly suggest that the European gaming market, especially in the UK, is becoming increasingly disillusioned with Nintendo's release policies. European gamers are obviously tired of waiting for top releases months after their Stateside and Japanese counterparts and seem to be seeking solice from the mighty PlayStation. The figures speak for themselves. ChartTrack indicate sales of British PlayStation games outsold N64 cartridges by 3.5 to one in 1997, and the trend is continuing. This year, Sony is reckoned to be outselling Nintendo by about 3.75 to one."
Sony had stated slowing playstation sales were expected until they get the new system out. Appears Playstation products are doing very well and hope they shock when it comes to earnings.
Also if interested check out aklm game line up in the N64 release dates area while there. Stock play for that period between Aug and Christmas. Aklm will be a turn around if it continues its earnings +. Last Q .03 expected and .09 actual. This Q it appears 300% + is a cake walk as estimates mostly still down while games are blasting. I already own the stock and my apologies if this post affends.
<<Also if interested check out aklm game line up in the N64 release dates area while there. Stock play for that period between Aug and Christmas. Aklm will be a turn around if it continues its earnings +. Last Q .03 expected and .09 actual. This Q it appears 300% + is a cake walk as estimates mostly still down while games are blasting. I already own the stock and my apologies if this post affends. >>
I wish I bought aklm instead of the incredible loser mprs.Oh well "win some,lose some......The last time sne hit 96 we had a steady decline down to 78...I sure hope this dosn't happen again..Go SONY!!! Good Luck.....Pete
(COMTEX) B: Japanese stocks likely to hold firm in coming weak B: Japanese stocks likely to hold firm in coming weak
TOKYO, July 17 (AFP) - Japanese share prices are likely to stay firm in the coming week as market participants pin hopes on a new premier to be elected on July 24, brokers said Friday.
"The market chose hope rather than concern" following the ruling Liberal Democratic Party's crushing defeat in upper-house elections last weekend, Masaaki Higashida of Nomura Securities Co. Ltd. said.
Premier Ryutaro hashimoto resigned earlier this week in the wake of the election defeat, with his successor set to be selected next Friday.
The challenge in the race for the premiership from Seiroku Kajiyama, a former chief cabinet secretary, has driven the yen higher against the dollar in the hope he will herald aggressive economic policies, dealers said.
The other candidates are Foreign Minister Keizo Obuchi and Health and Welfare Minister Junichiro Koizumi.
The market "began to think the successor to Hashimoto, following voters' severe judgement, will step up efforts for an economic recovery and do its upmost to stabilise the financial system," Higashida said.
He predicted the key Nikkei index would move between 16,000 and 17,000 on the Tokyo Stock Exchange in the coming week.
In the past week, the key barometer rose 480.72 points, or 3.0 percent, to end at 16,570.78, reversing a drop loss of 2.6 percent in the preceding week.
The Topix index of all issues on the first section gained 36.45 points to end the week at 1,277.95.
Daily turnover on the major board averaged 421.9 million shares, down from 517.6 million shares in the week before. But average value of transactions increased to 452.6 billion yen (3.3 billion dollars) a day from 341.1 billion yen.
The Nikkei fell steeply in early trading Monday after the election results but rallied later on rises in banking stocks.
Buying prevailed on Thursday, driven by the hope that Kajiyama would enter the premiership race, but eased Friday on profit-taking.
Obuchi promised late Friday more than six trillion yen in tax cuts if he lands the top job.
He also promised an extra 10 trillion yen in stimulus spending and a new team to tackle the nation's economic woes.
Kajiyama also promised tax cuts but warned lending rates should be raised.
Financial markets will be closed here on Monday for a national holiday.
In the past week, Bank of Tokyo-Mitsubishi rose 75 yen to end at 1,550. Sumitomo Bank went up 43 yen to 1,403.
Sony rose 850 yen to 13,150 in active trade focused on its strong earnings outlook.
High-technology leaders also gained ground, with Kyocera up 300 yen at 7,150 and TDK up 610 at 11,110.