llbbl
01-24-2003, 05:35 AM
Iwata said the cash-rich company would buy back its own shares when the stock fell excessively and aimed to raise profits in its core business to shore up the price over the long term.
Nintendo, which had cash and cash equivalent worth nearly 780 billion yen ($6.61 billion) at the end of September, had bought back 4.65 million shares for 54 billion yen by the end of December.
Nintendo's shareholders gave approval in June for it to buy back up to 14 million shares -- nearly 10 percent of its total outstanding shares -- or up to 250 billion yen worth.
http://www.forbes.com/work/newswire/2003/01/24/rtr857710.html
It is good to know that they are still hanging in there. This year was tough for them it seems. A lot of competition and hopefully enough room in the market to keep the company going. If I had kids, I wouldn't let them play anything else!
Nintendo, which had cash and cash equivalent worth nearly 780 billion yen ($6.61 billion) at the end of September, had bought back 4.65 million shares for 54 billion yen by the end of December.
Nintendo's shareholders gave approval in June for it to buy back up to 14 million shares -- nearly 10 percent of its total outstanding shares -- or up to 250 billion yen worth.
http://www.forbes.com/work/newswire/2003/01/24/rtr857710.html
It is good to know that they are still hanging in there. This year was tough for them it seems. A lot of competition and hopefully enough room in the market to keep the company going. If I had kids, I wouldn't let them play anything else!