Key Developments: Nintendo Co Ltd (NTDOY.PK)
13.56USD
17 Jun 2013
$1.09 (+8.74%)
$12.47
$13.67
$13.80
$13.46
101,390
114,015
$17.75
$11.36
Latest Key Developments (Source: Significant Developments)
Nintendo Co Ltd Wins U.S. Appeals Court Decision Over Wii-Reuters
Reuters reported that Nintendo Co Ltd has won a U.S. appeals court decision in a patent case that will allow it to keep importing its popular Wii system into the United States. The decision by the U.S. Federal Circuit Court of Appeals in Washington, D.C. affirmed a January 2012 ruling by the U.S. International Trade Commission, which handles many technology patent disputes. The decision against Motiva LLC, which sued Nintendo in 2008, could make it harder for U.S. companies to halt imports of products that allegedly infringe patents on grounds they want to establish a domestic industry for similar products. Motiva, which is based in Dublin, Ohio, had claimed that Wii infringed two patents for a system to track a game user's position and body movement. Full Article
Nintendo Co Ltd Ordered To Pay $30 Million In 3-D Patent Suit-DJ
Dow Jones reported that Nintendo Co Ltd was ordered to pay $30.2 million in damages to Sejiro Tomita, a former employee of Sony Corp, for infringing on his patent for glasses-free 3-D technology, Bloomberg reported. A federal jury in New York ruled that Nintendo's 3DS machine infringed on Mr. Tomita's 3-D technology patent in a case stemming from 2011. Nintendo said it would appeal. Full Article
Nintendo Co Ltd Amends Consolidated Full-year Outlook for FY 2013
Nintendo Co Ltd announced that it has lowered its consolidated full-year outlook for revenue from JPY 810,000 million to JPY 670,000 million and operating profit from JPY 20,000 million to a loss of JPY 20,000 million, but raised the outlook for ordinary profit from JPY 10,000 million to JPY 20,000 million, net profit from JPY 6,000 million to JPY 14,000 million and earning per share from JPY 46.92 to JPY 109.48, for the fiscal year ending March 2013. The Company lowered the revenue outlook due to the decreased sales. Full Article
Index Corp Announces Co-development of Game Title with Nintendo Co Ltd
Index Corp announced that it will work with Nintendo Co Ltd on the co-development of a new role play game for home-use game console WiiU. Full Article
Nintendo Co Ltd Sells 400,000 Wii U Consoles In First US Week-Reuters
Reuters reported that Nintendo Co Ltd sold more than 400,000 "Wii U" video game consoles in the United States in the first week of its release, the money-losing company that badly needs a hit to lift its fortunes. Full Article
Good times roll at E3 videogame trade show, for now
LOS ANGELES - Few first-time participants at the Electronic Entertainment Expo (E3) in Los Angeles this week would have realized that the $66 billion videogames industry is in steep decline.
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