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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (63599)	5/10/2002 12:11:03 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Konami Remains Untraded After Saying Profit Will Fall (Update1) By Hiroshi Suzuki quote.bloomberg.com Tokyo, May 10 (Bloomberg) -- Konami Corp.'s shares were untraded in the morning in Japan after the gamemaker said it expects profit this fiscal year to fall by almost half, driven down by lower earnings in its card game and video-game operations. Investors last offered to sell Konami shares for 2,980 yen, more than 14 percent less than yesterday's close. That's the largest one-day drop allowed by the Tokyo Stock Exchange. The maker of games for Sony Corp., Nintendo Co. and Microsoft Corp. said yesterday it expects net income to fall to 7 billion yen ($54 million) for the year ending March 31, 2003. The decline may be greater, some investors said. ``Konami's profit outlook is still too bullish,'' said Satoshi Kurihara, an analyst at Mizuho Investors Securities Co. ``Konami's video-game software line-up is weaker than expected.''