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Unwelcome News For Major Publishers

Stock Option Trading Atari led the way in losses as the company's stock price was off 24% after it reported to be expecting a net loss of 16 cents per share in the current quarter on revenue of 75 million, which is below what had been expected to be a 1 cent per share loss with revenue of 98.2 million, according to Reuters Estimates. Though analysts said the company was still an attractive investment because it trades at a discount relative to other publishers.

THQ's stock price was off 6% today, though it had already lost a whopping 16% in after-hours trading the night before after forecasting a loss of 20 cents per share as opposed to the 5 cents per share Wall Street had expected. American Technology Research downgraded the stock from "buy" to "hold", and Piper Jaffray cut it from "outperform" to "market perform".

And last, poor Acclaim was off 10% at a stock price of only 17 cents after reporting yesterday that it could be delisted from the NASDAQ exchange for not complying with rules on minimum market value.

Clearly while Nintendo may be basking in the good money making news themselves, it is certainly not the case for all publishers now.

Carry trades continue with full steam as the JPY is trading at record levels against most major currencies. The JPY is traded at 242.00 against the GBP, 164.10 against the EUR, and 122.00 against the Greenback, very impressive figures on any scale. 5.7% 12.2, and the JPY Capital Spending went down from 16.8% to 13.6%. As for the rest of this week, there is no significant news events expected to be released from the Japanese market, and carry trades will probably continue to take the JPY lower to the next record low.

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