Quote:
Originally posted by Stone
Man... if their cash reserve is in the $6-$10 billion range and they're a $25 billion company - that's an absurd amount of money to hold in bank accounts.
Nintendo thinks that their money will do more in a bank than it will in Nintendo itself - which means that Nintendo doesn't think it has any growth potential, doesn't see anything left for it in the video game business.
The only reason Nintendo hasn't sold, if they're keeping a cash reserve of that size, is because Yamauchi's too stubborn to get rid of it - when the old man dies, the company's going to be sold to someone, Microsoft or Sony, that believes they can grow Nintendo.
Literally, if Nintendo's got 25% of their worth tied up in cash, I guarantee Nintendo will be sold by either 1.) next generation or 2.) Yamauchi's death.
You're forgetting one thing. Yamauchi will retire his post as Nintendo's president later this year and will leave the company to a group of boardmen (Miyamoto included).