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Issue Date: Vol. 43, No. 2 / February 25, 2003 - March 24, 2003, Posted On: 2/27/2003


SEGA SHARES HIT RECORD LOW; MERGER QUESTIONED

TOKYO - (Posted Feb. 27) The price of a share in Sega Corp. on the Tokyo Stock Exchange has plunged almost 30 percent in the nine days since the announcement of merger plans by Sega and Sammy Corp., according to Reuters news agency. For a while midweek the price hit a record low of 633 yen, then rebounded to 640, still a record low closing price. By Friday Feb. 28 (Tokyo time) shares had rebounded to 671. Analysts cited Sega's recently slashed profit forecast for the fiscal year ending March 31, but industry observers worldwide have begun to speculate whether investors may be trying to derail the proposed merger. A planned merger between Sega and Bandai two years ago was scuttled in part because Sega share prices plummeted on the news.


Topic: Ahead of the Times: Music and Games

Articles:
  • NOVEMBER 20, 2006: Stories from the November, 2006, Ahead of the Times (Music & Games edition) email news dispatch…
  • NOVEMEMBER 13, 2006: Stories from the Ahead of the Times (Music & Games edition) email news dispatch…
  • AUGUST 17 NEWS: Raw Thrills, Play Mechanix Merge; Florida Jury Approves Adult Redemption; Merit Organizes Raids; AAMA President Forecast
  • AUGUST 14, 2006: Illinois To Pay Court Costs To Home Video Game Industry; Verdict Expected Today In Florida Gaming Arcades Trial; ICMOA Broadband Seminar; Target To Sell Mini-Jukebox; VNEA Charter Holders Workshop
  • JUNE 5, 2006: Lower CD Rates Possible In Future, Says AMOA Official; Global VR Finalizes UltraCade Purchase; Photo-Me Inc. Acknowledges Potential Suitor; Stinger Report Moves To Free Subscription Model; Downloading Jukes Make Wall Street Journal, Again

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