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Doug, this is one of my favorite themes. The home network pc will be
from Nintendo, Sony, or Sega, IMHO, if it is going to work. Despite
all the glory we heap on pcs, and they are pretty fabulous, Nintendo,
Play Station, and Game Boy demolish the fastest pc on kiddie games.
Nintendo is public listed on the Tokyo Stock Exchange. I don't think
they have ADRs. But you can buy it by calling Nomura or Daiwa or any
Japanese bank. The brokers are less likely to steal your face
on commissions than
are the banks. Don't buy the retailers. The only one that has been
growing is CompUSA, and 6 insiders just sold a ton of that stock.
Besides, game players are too small a percentage of their business to
have much impact. I think there is great potential in these three
companies. Sony is a no go, because it is just too danged big for
computers or game players to move it. Nintendo or Sega may be a good
buy, though neither is cheap. Electronic Arts is the best play, IMHO,
though it just set a new high and is selling at 51 times eps. Like
good gun runners, they will supply the weapons to all of the players
and not care who wins the war. But I have just sold 2/3 of my position,
as I think everyone is too optimistic right now. Buy on dips. MB |
