Konami Stocks Fall on News of MGS4 Delay

[Andy Chalk]

Konami Stocks Fall on News of MGS4 Delay

Following news of a delay in the release of Tokyo Stock Exchange [http://www.konami.jp/gs/game/mgs4/en/].

Shares in the company fell to 3160 yen ($27.56) at the 11 a.m. break, while the Mitsubishi UFJ Securities [http://en.wikipedia.org/wiki/Nikkei_225] said Konami had been counting on the game to boost its earnings for the fiscal year, which will end in March 2008, with anticipated sales of one million units. Despite the delay, Konami has so far not adjusted its fiscal year income forecast.

Speaking to Bloomberg, Mitsubishi UFJ analyst Hirotoshi Murakami said, "Investors were active sellers today because of disappointment over the delay. It may be the company's strategy to boost earnings next fiscal year with the game software."


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[Katana314]

Stock falling? That would actually mean a good time to buy it. There's absolutely no doubt that if an investor can wait long enough until its actual release, he'll make some sort of profit.

 

[J.theYellow]

You have to remember that the stock market is still very much based on emotional responses. People like Rupert Murdoch, he would buy Konami now, when other investors are unloading it. People who try to get rich quick, like a lot who invest in entertainment companies, are never going to be satisfied.

Which is why it sucks to be in charge of a publically-held company.

 

[anable]

If Rupert Murdoch starts investing in video game companies, I will assassinate the man myself.