Submitted by: Matt Benoit at 10/03/07
Nintendo shares are kicking up, how high? 64,800 yen and then closed up at 64,300[respectively], this is Nintendo's record high share rating and they recieved a "buy" rating from Goldman Sachs.
Goldman's report stated "We believe Nintendo's talent in creating new markets, evident from the launch of the DS and Wii, could bring it close to the level of Apple, whose high valuations are due in large part to its innovative business model," That's a pretty bold statement, Nintendo as a company are reaching points never before seen in the video game industry by using Reggie's 'blue ocean' strategy.
Source: www.reuters.com/article/companyNewsAndPR/idUST16817320071003
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