quote:
Nintendo Shares Gain After Citigroup Raises RatingOct. 9 (Bloomberg) -- Nintendo Co. rose the most in 10 months in Osaka trading after Citigroup Inc. boosted its investment rating on the maker of the Wii game console, citing the company’s prospects for an earnings recovery.
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“Bad news will be exhausted with a large downward revision” of Nintendo’s earnings forecast for the year ending March 2010, Fukuda wrote in his report dated yesterday. He expects such a revision to come soon, according to the report.
Nintendo may announce a model change for its DS handheld video-game players in June next year, triggering an improvement in the company’s earnings, Fukuda wrote.
When the student is ready, the teacher will appear.
When the student is truly ready, the teacher will disappear.