Nintendo will buy back 1.5% of its stock to stop potential..

[user]

Archived from groups: alt.games.video.nintendo.gameboy.advance,alt.games.video.nintendo.gamecube,rec.games.video.nintendo,uk.games.video.gameboy,uk.games.video.gamecube (More info?)

http://www.gamespot.com/news/2005/08/26/news_6132040.html
Nintendo will buy back 2.2 million shares

Nintendo action done to fend off any hostile takeover; Square Enix bid for
Taito seen as spurring the move.
TOKYO--Nintendo today said it would acquire 2.2 million shares of its own
stock. The figure represents 1.55 percent of the 130.08 million shares
currently outstanding. The company will purchase the shares next week and
will pay 11,650 yen ($106) a share, the same as today's closing price.


The purchase is expected to cost the company a total of 25.63 billion yen
($233.5 million), assuming the company can acquire all 2.2 million shares.

Nintendo has been cautious about corporate takeovers for about the past
year, analysts say. Today's move is seen as another step toward heading off
any uninvited takeover bids. The Nintendo announcement comes only four days
after Square Enix announced a friendly $600 million takeover bid for Taito.

Nintendo currently owns 11.59 million shares (8.9 percent) of its publicly
issued stock.

By Hirohiko Niizumi -- GameSpot
POSTED: 08/26/05 02:55 PM PST


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[ME]

Archived from groups: alt.games.video.nintendo.gameboy.advance,alt.games.video.nintendo.gamecube (More info?)

"ReptilesBlade" <Reptile89LX@hotmail.com> wrote in message news:1125370803_291@spool6-east.superfeed.net...
> Good, anything to keep Nintendo in control of themselves is the best move.
> If they go so does the industry.

I doubt it.

 

[Guest]

Archived from groups: alt.games.video.nintendo.gameboy.advance,alt.games.video.nintendo.gamecube (More info?)

ReptilesBlade wrote:
> Good, anything to keep Nintendo in control of themselves is the best move.
> If they go so does the industry.
>

the industry wont "go", it will just be run by EA, which is not a good thing

 

[Guest]

Archived from groups: alt.games.video.nintendo.gameboy.advance,alt.games.video.nintendo.gamecube (More info?)

ReptilesBlade wrote:
> Good, anything to keep Nintendo in control of themselves is the best move.
> If they go so does the industry.
>
>

That's very true. The industry will degrade to "Hollywood" status.
Nothing but tasteless, unfun repeats and remakes.