The forecast update from Nintendo:
Notably, the new forecast shows an increase in year-over-year DS hardware sales, whereas the previous forecast showed a decrease.
Hell Yaw! For my fellow sufferers in this limp d*** of a stock, this effing kicks ass. Not that the news should actually surprise anyone.
(Pssst... This new forecast only assumes 105 yen to the dollar!)
Aug. 29 (Bloomberg) -- Nintendo Co., the world's biggest maker of handheld game machines, raised its full-year net income forecast by 26 percent, citing a weaker yen, and sales of its DS and Wii players.
Net income will climb to 410 billion yen ($3.7 billion) in the year ending March 31, compared with 325 billion yen forecast in April and 257.3 billion yen a year earlier, the Kyoto-based company said in a statement today.
Nintendo gained 6.9 percent to 511,000 yen as of 2:14 p.m. on the Osaka Securities Exchange, the most since Nov. 14. The benchmark Nikkei 225 Stock Average climbed 2.3 percent.
The company said it was assuming an exchange rate of 105 yen to the dollar and 160 yen to the euro for its forecasts, compared with a previous projection of 100 yen and 155 yen.
7974 obviously likes yen weakness vs dollar; it's just a pure profit boost... Holding above 106 yen/usd for the first fiscal quarter, when Nintendo's yearly guidance was based on 100...
I'm coming around to the conspiracy theory about Nintendo controlling supply for marketing purposes. MKWii is a DVD with a molded piece of plastic; having it typically out of stock in US and Europe for many weeks at at time, months after release, is either intentional or incompetence, and Nintendo is anything but dumb, right?
Disclosure: long a lot
Now $73.87 equivalent (63800 yen). Spiking up, but volume decaying. Nice to see something going up, anyway :-)
Pretty excited about it being hard, huh? (sorry)
Will Quadro and Tesla versions of GT200 be available immediately as well? That would help a lot (Margins, margins, margins)!
How are yields? How is supply? How quickly will this tech be pushed down to the midrange to eliminate the margins damage done by ATI's new products?
Look for analysts to beat on these and other margin related questions.
BTW, the first speaker was not a good speaker, ughh. The second guy is much better.
Too much preaching in the CC on CUDA and Heterogeneous Computing will only cause the stock price to dive. The only thing the market cares about Right Now is this quarter's gross margins. If they don't address GMs, for example by reiterating guidance, the stock price will suffer further. Sucks, but true.
Best Case: They start out the CC by reiterating guidance "just to get that out of the way." Then, any subsequent discussion of technology would be positively received.
Bad Signs: "This call is not about financial performance details, so we won't answer any questions about that," also, any impatience shown with "analysts and short term traders that don't care about longer term objectives."
This is the reality of the market, be it good or bad.
When you see more than two digits beyond the decimal point in the after hours price, the corresponding transaction is usually not a normal after hours transaction, but rather a settlement of normal hours activity. That is why these prices are not consistent with other AH trades, and instead correspond to prices seen earlier in the day.
What did it say? Did anyone actually read it?
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There really aren't that many "losers." It's just the same few guys posting the same stuff over and over. Thinking they're going to have some effect on the stock price? No, too much volume; this board has no effect on stock price, let's just chill and see how it goes.
Amazon best selling video game products:
1. Wii Fit Preorder
2. Mario Kart Wii
3. Wii Wheel
4. GTA4 360
5. GTA4 PS3
1. Geez, Wii Fit's looking hot
2. Maybe core gamers look more to Gamestop et al rather than Amazon for GTA4 type games.
3. Wii Fit! *_*
"We will ramp up the Wii enough to insure another shortage this coming holiday season for the third time running"
I agree that bumping from 1.8 to 2.4 million/month in July will only maintain the unacceptable status quo in the face of increased demand due to Fit and Korea and China launches. Note that they will have an opportunity in June to do an additional increase on the same schedule as last year's, which could put them at 3.2 million/month starting in November.
But I agree about Iwata et al's management of Wii production, especially in regard to US demand... Inexplicable. Exasperating. Frustrating. Weird. Alien. I mean, WTF?
I would just make the observation that Nintendo is a stock that moves a lot, so maybe it will be at 50 after a while, maybe at 95; when it gets to one of those places, will it really matter whether your/their stock price basis is different by a couple bucks? I myself have gotten out, gone "oops," and gotten back in.
P.S. You might learn, as I have, that it's generally not a good practice to give stock advice to others; you can feel real bad when it doesn't work out, even though you had the best of intentions. Good luck.
Take a look at the reviews at Amazon UK. I've never seen such complete gushing over a product on Amazon before. Great products average 4.5 stars; Wii Fit has five.
I do think it's reasonable to ask whether this almost silly level of love at first sight will continue as people continue to use the product after the first few days. However, we might just be seeing the beginnings of something that transcends "hit" on the way to "phenomenon."