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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 87.20-3.3%Nov 20 3:59 PM EST

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To: unclewest who wrote (17071)3/4/1999 11:16:00 PM
From: MileHigh  Read Replies (2) of 93625
 
Thursday March 4, 10:33 pm Eastern Time
Nintendo sees 98/99 current profit topping f'cast
TOKYO, March 5 (Reuters) - Nintendo Co Ltd said on Friday it expected its parent profit for the year to March 31 to to top a forecast of 129.00 billion yen due to good sales of game machines in Japan and the United States.

''Our profit is likely to be slightly above the initial target. Sales of game machines such as Gameboy and 64-bit game machines have been good,'' said a spokesman.

Business daily Nihon Keizai Shimbun said on Friday that Nintendo's parent current profit is likely to rise by 17 percent to 147.0 billion yen, up from an actual of 125.45 billion yen a year earlier.

Nintendo's sales are likely to amount to 465 billion yen, topping an earlier projection of 460 billion yen, the paper said.

The Nintendo spokesman could not confirm the figures.

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