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

To: StanX Long who wrote (63650)	5/13/2002 1:15:59 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Konami Shares Tumble for Second Day on Lower Profit Forecast By Hiroshi Suzuki quote.bloomberg.com Tokyo, May 13 (Bloomberg) -- Konami Corp.'s shares fell for a second day, declining as much as 13.4 percent, after the gamemaker last week said it expects earnings from its card game and video- game operations to fall this fiscal year, halving net income to 7 billion yen ($55 million). Group net income at the maker of games for Sony Corp., Nintendo Co. and Microsoft Corp. fell 38 percent in the year ended March 31, as it sold fewer of its ``Yu-Gi-Oh!'' card game. The game typically provides Konami with a wider profit margin than video games. Konami's shares have fallen by more than a quarter in the last two days. On Friday, the shares tumbled by their daily limit, or 14.4 percent. They were untraded throughout the day on an imbalance of bids to buy and offers to sell before being allocated among investors by the Tokyo Stock Exchange.