Summary: Yesterday Nintendo (OTCPK:NTDOY) boosted its dividend and announced higher projected sales and net income for the first-half and full-year. This news sent its ordinary shares higher by 3.4% today for their highest close in a month. Intraday it traded as high as 25,100 yen, its highest since Feb. 21, 2000. Meanwhile, Fidelity Investments Japan increased its stake in Nintendo to 14.5% from 5.83% per a Sept. 26th filing with the Ministry of Finance. Nintendo has considerably outperformed the MSCI Japan Index over the past six months: +39.0% vs. -7.1%. Some analysts however are questioning its valuation. A DB Tokyo analyst downgraded Nintendo to "sell" from "hold" saying, "We expect the DS boom to run its course and the firm's products to compete with each other following the launch of the new Wii game console."
Related links: Full article • Nintendo Press Releases: Dividend Modification and Financial Forecast Modifications • Nintendo Raises Guidance Again, Sees Strong Sales Ahead • Significance of the Surprisingly Weak Yen • Nintendo: Solid Business, Share Price Too High • Sony's Headache: Nintendo Wii Launch Dates, Prices Announced • Nintendo Posts Strong Q1, Boosts Full-Year Forecast • Nintendo Dominates First Half Game Sales in Japan
Potentially impacted stocks and ETFs: Konami (NYSE:KNM), Microsoft (NASDAQ:MSFT), MoSys (NASDAQ:MOSY) and Sony (NYSE:SNE)
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