Post by: Fish on July 27, 2003, 03:13:37 PM
Post by: Shdows on July 27, 2003, 03:40:30 PM
Post by: Grey Ninja on July 27, 2003, 03:50:07 PM
They own assets that are worth a great deal more than 6 billion.
Post by: Fish on July 27, 2003, 03:53:49 PM
And its good that you changed your Avatar Grey Ninja, i almost started to cry every time i saw it, so sad
Post by: Grey Ninja on July 27, 2003, 04:12:16 PM
Post by: Fish on July 28, 2003, 03:59:44 AM
Post by: Mario on July 28, 2003, 04:22:33 AM
Post by: mouse_clicker on July 28, 2003, 10:16:33 PM
Post by: cheers69 on July 28, 2003, 11:07:39 PM
Post by: Grey Ninja on July 29, 2003, 05:15:29 AM
Quote
Originally posted by: Fish
The moving one, i think you had one after that and now changed it into this, the one where that dude watched me and then closed his eyes and nodded. sad...
Heh. That was a chick actually.
I can't really say much more without giving some EXTREME spoilers for the game Xenogears. EDIT: Mouse Clicker, that money is available instantly on demand. I would assume that it's not sitting in a huge pile somewhere, but it's definately on call in a huge bank account.
Post by: mouse_clicker on July 29, 2003, 12:31:54 PM
Post by: RickPowers on July 29, 2003, 10:13:24 PM
The six billion dollar figure bandied about is what you call "liquid assets". It's money available for operating expenses, R&D, purchases, etc. It's also worth noting that I believe Nintendo is entirely debt-free as well, a rarity in the business world.
Post by: PIAC on July 29, 2003, 10:41:38 PM
Post by: mouse_clicker on July 30, 2003, 12:59:29 AM
But when a company has failed to experience a loss in decades, I think it's expected for no debt to be present.
Post by: thecubedcanuck on July 30, 2003, 02:22:32 AM
Post by: mouse_clicker on July 30, 2003, 11:43:57 AM
And are you sure the American dollar has remained stable? Sports cars in the 50's and 60's cost something like $6,000 and that was expensive. Now they're $80,000 or more. I read somewhere the average anual income before World War I was roughly $1,200, and now it's much higher, although proportionally they're the same. That would seem to indicate the dollar's been going down steadily for most of the century.
Post by: Ryujin on July 30, 2003, 11:56:08 AM
that's not bad (first figure is 2% interest, second is 5%).
Post by: mouse_clicker on July 30, 2003, 12:03:08 PM
And I were Nintendo, I'd make sure the interest was compound interest.
Post by: Gup on July 30, 2003, 12:04:18 PM
Quote
Originally posted by: Ryujin
And if I were Nintendo most of it would be invested, getting interest on that 6 billion.... That means on interest (if they get interest on it) they make between 120,000,000 and 300,000,000 a year
What do you think they're doing??? It's not like they've sticked 6 billion bucks in a bag and left it in some closet to collect dust.
Post by: Ryujin on July 30, 2003, 12:12:42 PM
Post by: Gup on July 30, 2003, 12:16:46 PM
Post by: Ryujin on July 30, 2003, 12:22:14 PM
Quote
Actually, if you read your own typing/writing(???), you said,"And if I were Nintendo most of it would be invested, getting interest on that 6 billion...." meaning they weren't doing so already.
Actually, in my last post I accused you of not understanding the meaning of my posts. And the meaning of THAT post was that I would invest because it was a smart thing to do and I assumed they were investing... I never said I didn't think they were investing, so you just misunderstood my post as I clearly stated earlier...
