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taken from IGN.COM
EU Fines Nintendo
According to Reuters, the EU are fining Nintendo and their European distributors next week for breaking antitrust regulations with it's sales practices in the mid-90's. They were accused in 2000 of limiting cross-border flow of their products to raise wholesale prices as retailers could only order from the distributors for their country and couldn't import cheaper goods.
Unsurprisingly this is bad for Nintendo's stock prices. This coupled with them reducing their GameCube sales forecasts has made their stock prices drop 19% in the last month.
EU Fines Nintendo
According to Reuters, the EU are fining Nintendo and their European distributors next week for breaking antitrust regulations with it's sales practices in the mid-90's. They were accused in 2000 of limiting cross-border flow of their products to raise wholesale prices as retailers could only order from the distributors for their country and couldn't import cheaper goods.
Unsurprisingly this is bad for Nintendo's stock prices. This coupled with them reducing their GameCube sales forecasts has made their stock prices drop 19% in the last month.
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ROFL.
I find it quite amusing on how Nintys get worked up over Nintendo doing something wrong.
Microsoft is a buisness, Thats what they do, they have a buisness to run.
Rare was up for sale...
What was Microsoft gonna do?
Ask the Nintendo fans if they could "borrow" Rare for a while? NO!
Jeez, I don't care if the Xbox was made by Microsoft, I just care about the excellent games.
I find it quite amusing on how Nintys get worked up over Nintendo doing something wrong.
Microsoft is a buisness, Thats what they do, they have a buisness to run.
Rare was up for sale...
What was Microsoft gonna do?
Ask the Nintendo fans if they could "borrow" Rare for a while? NO!
Jeez, I don't care if the Xbox was made by Microsoft, I just care about the excellent games.
This will in no way affect Nintendo's GC sales, though it'll be a serious blow to that Rare money. The fine went from £5.4 million to £92.1 million, which is a rather dramatic increase. I'm expecting a significant fall in that amount after the appeal.
Nintendo stopped this 2 years ago... yet the EU still decided to fine them for before then...
Nintendo set up a seperate fund years ago to cope with the fine nothing finacially to worry about. Yet Nintendo are appealing as the fine is rather large for something they stopped doing and wasn't that major in the first place.
Nintendo the new microsoft... nope, no one will be as evil and sadistic as that business crushing company.
Nintendo set up a seperate fund years ago to cope with the fine nothing finacially to worry about. Yet Nintendo are appealing as the fine is rather large for something they stopped doing and wasn't that major in the first place.
Nintendo the new microsoft... nope, no one will be as evil and sadistic as that business crushing company.
Well i belive nintendos sales with the gc will fall.
Silent85 wrote:
> is that why n64 games hardly ever dropped price??
The charge actually relates to prices in some central european countries. Not the UK.
> is that why n64 games hardly ever dropped price??
The charge actually relates to prices in some central european countries. Not the UK.
Daveus wrote:
> actually it was 94,000,000...i have to say this from Nelson -
> "har har!"
>
> basicly Nintendo got sewed that much because they were trying to block
> other companies from selling old nintendo games cheaper
They got sewed as well as sued? That's terrible!
> actually it was 94,000,000...i have to say this from Nelson -
> "har har!"
>
> basicly Nintendo got sewed that much because they were trying to block
> other companies from selling old nintendo games cheaper
They got sewed as well as sued? That's terrible!
proberly yeah, man. you can get an N64 game as cheap as £8 in some places!
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