Author Topic: No Nintendo News at GDC (Read 8281 times)

Jonnyboy117 · « **on:** March 02, 2007, 10:32:07 AM »

A pending stock trade means that Nintendo cannot legally announce any new information at GDC 2007.

Although Nintendo is set to have a big presence at the 2007 Game Developers Conference next week, Chris Kohler of Wired.com's Game|Life blog has learned that the company will be restricted to talking about the past. Nintendo is set for a major stock trading event in early March, and Japan's business laws say that Nintendo can't talk about its upcoming games or other plans until that deal is complete.

Whether this policy applies only to interviews and conference sessions or will also include Shigeru Miyamoto's keynote speech is currently unknown. NWR is following this story and will bring updates as they become available.

Pale · « **Reply #1 on:** March 02, 2007, 11:16:18 AM »

bummer.

Ceric · « **Reply #2 on:** March 02, 2007, 11:19:35 AM »

Stinks for us. Well and them actually.

Kairon · « **Reply #3 on:** March 02, 2007, 12:07:19 PM »

I Blame the Japanese government.

~Carmine "Cai" M. Red
Kairon@aol.com

that Baby guy · « **Reply #4 on:** March 02, 2007, 12:10:33 PM »

I am curious as to why they won't give the NYSE or Nasdaq a try. I'd love to be able to buy their stock w/o an exchange fee.

Kairon · « **Reply #5 on:** March 02, 2007, 12:15:16 PM »

Well, even on Nasdaq they wouldn't be allowed to say anything.

~Carmine "Cai" M. Red
Kairon@aol.com

Jin-X · « **Reply #6 on:** March 02, 2007, 01:06:52 PM »

So how long will Nintendo have to stay silent? I guess they will have to do their own event afterwards. Of course 3rd parties can still make announcements, which can affect Nintendo's stock. Loopholes FTW.

Bill Aurion · « **Reply #7 on:** March 02, 2007, 01:32:43 PM »

Bah, and I've been looking forward to GDC for a while now...I guess it's still possible that the trade deal could be done and over with before GDC is over, but that's a pretty slim hope there...

ShyGuy · « **Reply #8 on:** March 02, 2007, 02:47:10 PM »

This doesn't stop third parties from talking about Wii games does it?

BlkPaladin · « **Reply #9 on:** March 02, 2007, 05:06:43 PM »

No it doesn't. Nintendo just can not talk because the stock sale may change who has a majority of the stocks outside of Nintendo. (This is unlikely but it is a precaution made just in case and is applied to all companies that have a mass sale because a change in the majority ownership can change the direction the company goes but Nintenod owns a good percentage of their stock so...) And this is only through the end of the sale. (So sometime mid-March they will be able to talk again.)

Kairon · « **Reply #10 on:** March 02, 2007, 06:28:42 PM »

Where's the furor of discussion? I keep expecting this thread to explode!!! I can't possibly be the only Nintendo fan demoralized by this can I?

~Carmine "Cai" M. Red
Kairon@aol.com

TrueNerd · « **Reply #11 on:** March 02, 2007, 06:52:59 PM »

I dunno, usually when events like this get hyped for megatons, it leads to disappointment. No chance of that happening now, and if they give us ANYTHING, it'll be a pleasant surprised.

GoldenPhoenix · « **Reply #12 on:** March 02, 2007, 07:58:07 PM »

Nintendo probably has something up their sleeves, I doubt they would throw Miyamoto out there without mentioning something exciting, even if it is for an already announced game. Not only that but I do expect some large 3rd party announcements.

18 Days · « **Reply #13 on:** March 03, 2007, 02:15:55 AM »

This confirms one thing: Nintendo do have MORE STUFF TO REVEAL!

Djunknown · « **Reply #14 on:** March 03, 2007, 07:36:49 AM »

Quote
Where's the furor of discussion? I keep expecting this thread to explode!!! I can't possibly be the only Nintendo fan demoralized by this can I?

I'd love to make a rant, but I read the link, and still can't understand it. BlkPaladin made an explanation, but even that is beyond my tiny human brain...

Can anyone translate that business speak in plain English? We know the result, but what exactly is the reason?

KDR_11k · « **Reply #15 on:** March 03, 2007, 08:02:39 AM »

If they make promises now and get bought out the buyer would be left with consumers expecting things he wasn't planning. Also they could change change their stock value by making promises and run a pump and dump, i.e. make a huge claim that would make everyone think you're going to make big profits, see your share price go up, sell all your shares and let the company crash.

Koekoenutt · « **Reply #16 on:** March 03, 2007, 10:44:29 AM »

Since Super Smash Brothers Brawl has already been announced, would it still be possible for a new video to come out during this time? I heard there was supposed to be multiple videos of different characters that will be in the game by the time it comes out, and so far we have only seen two. I was at least hoping for a new video or shots for this upcoming. Figured they are working hard on it and only want to give out new information/videos during events like this. Also hoping for new info/videos on Super Paper Mario, but I try not to expect anything at these event.

ThePerm · « **Reply #17 on:** March 03, 2007, 02:32:19 PM »

the reason why a massive amount of stocks are being sold is because the Japanese government invested in Nintendo, they made loads of money off of it and are dis investing simply because they made a certain percentage of profit.

http://www.next-gen.biz/index.php?option=com_content&task=view&id=4803&Itemid=2

WuTangTurtle · « **Reply #18 on:** March 03, 2007, 05:33:39 PM »

Did i read that wrong or does that mean the goverment by selling its stocks hurt nintendo after it profited from them? My guess is they realized how much better Sony must have been doing and dropped all their stocks in Nintendo in favor of Sony

Kairon · « **Reply #19 on:** March 03, 2007, 06:37:14 PM »

I sorta got the impression that the Japanese government was selling the stocks because they changed thier policy on some economic something or rather... I don't know...

~Carmine "Cai" M. Red
Kairon@aol.com

ThePerm · « **Reply #20 on:** March 03, 2007, 07:11:13 PM »

no its more like this, they didn't want Japanese companies at their time of weakness getting bought by western adversaries so they bought a large portion of their shares, now that Nintendo's stock is booming they can cash in and make heaps. Not anything against Nintendo, its just that they have profited significantly enough to where its a perfect time to divest

stevey · « **Reply #21 on:** March 04, 2007, 09:46:04 AM »

If that true, why not wait till after GDC when nintendo show off gameboy128 and drop teh MEGATON! to sell the stock...

Koekoenutt · « **Reply #22 on:** March 04, 2007, 01:51:03 PM »

Does this also mean that they cannot talk about upcoming channels for the Wii?

nickmitch · « **Reply #23 on:** March 04, 2007, 04:23:16 PM »

Quote
Originally posted by: stevey
If that true, why not wait till after GDC when nintendo show off gameboy128 and drop teh MEGATON! to sell the stock...

Well, Laws aren't circumstantial. The law was probably implemented so that companies couldn't intentionally lower their stock shortly before buying it back.

Smash_Brother · « **Reply #24 on:** March 05, 2007, 05:45:30 AM »

Quote
Originally posted by: Kairon
I Blame the Japanese government.

So THEY'RE the evil power....

News:

Author Topic: No Nintendo News at GDC (Read 8281 times)