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To: mickeyg who wrote (21670)3/5/2000 11:28:00 AM
From: BANCHEE  Respond to of 57584
 
mickeyg

A little news on Playstation.....

Sellout
Sony's Playstation 2 hits stores in Japan

Last Update: 3:46 PM ET Mar 4, 2000
NewsWatch

TOKYO (AP) -- Sony's PlayStation 2 hit stores in Japan Saturday and
sold out promptly, whisked off by eager fans who spent the night waiting
in line to snap up the video-game machines.

Competition for the console, which sold for the
equivalent of $370, was fierce in the Tokyo
neighborhood of Akihabara, the nation's hub for
electronics retailers.

Thousands of people were already lining up outside
stores on Friday afternoon, hoping to buy the
sophisticated game machines on a first-come,
first-served basis. Other stores distributed tickets
to avoid mobs.

At most shops, the machines sold out within an
hour of opening time on Saturday morning.

"I'm so glad I got one. Banzai!'" said Daisuke
Uzuki, a 21-year-old gas station worker, holding
his new purchase carefully. "I had to line up for nine
hours last night, but it was definitely worth it. You
know, it's much more than just a game machine.'

The PlayStation 2 can play DVD movies and compact discs, has
stereo-quality sound, and can connect the user to the Internet.

The machine has stirred much excitement since last month, when Sony
Computer Entertainment, Sony's video-game unit, unveiled its vivid
graphics and ability to connect to the Net. It will be available in the United
States and Europe in time for the Christmas shopping season.

Sony (SNE: news, msgs) expects it will take one year before it starts
turning a profit on the new toy.

But the company apparently considers the expected loss worthwhile as
attempts to rise above rival Sega Enterprises (SEGA: news, msgs), which
makes the Dreamcast game machine, and Nintendo (NTDOY: news,
msgs), maker of N64 and the portable Game Boy.

In a front-page story Saturday, the national Asahi newspaper called the
machine's release ``the beginning of a game-machine market-share war.'

Like the new Dreamcast, the PlayStation 2 contains a 128-bit processor,
up from a 32-bit processor in the original PlayStation system, released in
1994.

Sony accounts for about 60 percent of the U.S. game-machine market
while Nintendo holds more than 30 percent and Sega less than 5 percent.
Sony also dominates the Japanese game-machine market at about 60
percent, trailed by Sega at 35 percent.

Except for about 16 titles, all of the more than 2,600 games for the
original PlayStation can be used on the new PlayStation. Games for the
new machine will cost about $52.

Sony said it planned to sell 1 million of the consoles in Japan in its first
shipment, then about 500,000 units more each month.

The thrill of ownership was short-lived for one buyer.

A 15-year-old boy was robbed of his PlayStation 2 while riding his
bicycle home from the store where he bought it Saturday afternoon, said
police in Saitama Prefecture (state), on Tokyo's eastern border.

Two teens on a scooter grabbed the vinyl bag containing the game when
he stopped to switch it to the other hand, said Hideo Kaneko, a
spokesman for the Sugito municipal police.



To: mickeyg who wrote (21670)3/5/2000 5:03:00 PM
From: carepedeum2000  Respond to of 57584
 
since im a short term trader, I will never see th 5/6 bagger, just dont have the patience, but when the momo's gone, i'll be gone, but i can see selling this in the 20's short term, but i can see the potential for much higher prices longer term, i just like staying with the "hot sector du jour" hard for me to find stocks im willing to throw in the drawer, but I'll give you some in my "drawer"
gblx- everyone needs more bandwidth, gilder favorite
rmtr- make a chip called "fram", basically the chip that will allow you to hook up your cell phone to the internet and leave it on all day, very interesting future technology i would recommend checking out
cisco- probably the new economy ge
on the market, getting very nervous, hope we have some consolidation soon before april earnings run, otherwise, we will get "real shaky", but cant help but going "long till Im wrong"