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Technology Stocks : NewKidCo International (OTC:NKCIF) (TSE:NKC)

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To: Andrew R. Sicotte who wrote ()3/4/2000 4:27:00 PM
From: esecurities(tm)   of 4231
 
[03-04-00 04:10 PM ET] PLAYSTATIONII FLYING OFF SHELVES IN ITS JAPAN DEBUT...SONY&reg ANTICIPATES SELLING ONE MILLION UNITS ITS FIRST TWO DAYS...PLAYSTATIONII DESCRIBED "...IN GAMING TERMS AS UP THERE WITH THE INVENTION OF THE STEAM ENGINE..."...

"...Thousands of Japanese consumers swept away by PlayStation2 fever braved frigid weather and enormous queues to get their hands on Sony's new dream machine as sales started on Saturday.

Hundreds of thousands of gleaming new PlayStation2 units flew off of store shelves as retail outlets in the capital attracted queues stretching in some cases for over a mile...The object of their desire, priced at around $360, is a console that many analysts say takes home entertainment to a new dimension with life-like animation and the capacity to play DVDs and surf the net...``The turnout is definitely above expectations. We've worked all night to ensure a smooth launch, but compared to Windows 95, when we had 500 to 600 customers lining up, this time seems to be four times as many,' said Matsuda Nobiyuki, a spokesman for Sofmap, a major electronics shop in Akihabara...Sony aims to sell a million PlayStation2s in the first two days and is betting heavily on the success of the new machine...The original PlayStation and the games that go with it has been a cash cow for Japan's leading high-tech firm, which holds a dominant 70 percent share of the world game console market.

If the initial reaction of fans is any guide, it has little to worry about.

``In gaming terms, this is up there with the invention of the steam engine,' said Steven Kent, a video-game writer from Seattle who had queued through the night for his console.

``The potential is unbelievable, there's just so much you can do with this system...the U.S. launch will be unbelievable.'

PlayStation2 is due to be launched in the United States and Europe late this year..."


Source: REUTERS (JAPAN) 03/04/00 dailynews.yahoo.com

(WallStreetRadio.com Newswires(tm)).

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