Monday, September 21, 2009
Nintendo - Can You Hear Me Now?
That is a 3-year chart for video game powerhouse Nintendo.
I'm not sure whether the stock is forming a magnificent base or is dead.
Morgan Stanley is commenting this morning that the company has confirmed that the Wii console price will be cut to $199 this month. This should help the market overall, but I know a lot of dads who were going to buy one this Christmas anyway. I might want to buy Nintendo on this news (edit: probably not).
Activision was talking late last week about possibly bypassing to consoles all together. I'm still negative on the high end of the market.
Dell buys IT Services company Perot Systems. Ironic that Dell wants to be IBM.