Konami has largest one day stock drop in 4 years after 2nd MGS4 delay

Konami put out a statement yesterday explaining that game hero Solid Snake's latest outing, Metal Gear Solid 4: Guns of the Patriots, would be delayed to the second quarter of 2008. It was the second major delay for the game, which had originally been scheduled for this holiday season.

Meant to be released in "winter," the game was set back again so that "further improvements" could be made, the company said. Gamers were dismayed--and so, it seems, were shareholders.

Konami shares plummeted 6.8 percent to ¥3,160 (about $27.50) at the mid-morning break on the Tokyo stock exchange, reports Bloomberg. It was the largest drop for the company's stock since December 8, 2003.

UFJ analyst Hirotoshi Murakami commented, "Investors were active sellers today because of disappointment over the delay. It may be the company's strategy to boost earnings next fiscal year with the game software."

http://www.gamespot.com/news/6182128.html?action=convert&om_clk=latestnews&tag=latestnews;title;0

Ouchwhocares4peace

hold the phone....did anyone think the game was actually going to be ready before 08? there still working on the AI...an 08 release was always unfeasible. im amazed the investors didnt catch that before the announcement.

i thought it was going for a Q1 release though.

hold the phone....did anyone think the game was actually going to be ready before 08? there still working on the AI...an 08 release was always unfeasible. im amazed the investors didnt catch that before the announcement.

i thought it was going for a Q1 release though.

osan0

Not surprising that shares went down. What is surprising is that it went down by so much, I thought investors would have more faith in Konami.

Judging from the GS review of Pro Evo 2008 on PS3 it looks as ifKonami are having trouble coding for the PS3, doesn't bode well for MGS4

the curse of the waitstation is really hitting hard...

that's really not good news...:(

I smell a X360 version coming shortly after its released on the PS3. Unless Sony is willing to give Konami big money to keep as exclusive.Danthegamingman

Judging from the GS review of Pro Evo 2008 on PS3 it looks as ifKonami are having trouble coding for the PS3, doesn't bode well for MGS4

TTDog

[QUOTE="TTDog"]

Judging from the GS review of Pro Evo 2008 on PS3 it looks as ifKonami are having trouble coding for the PS3, doesn't bode well for MGS4

mmirza23

idk...kojima couldn't get a decent framerate in the xbox version of mgs last gen...

and don't blame the hardware as anyone knows the xbox had better hardware than the ps2.

point is; he's not perfect....

[QUOTE="mmirza23"][QUOTE="TTDog"]

Judging from the GS review of Pro Evo 2008 on PS3 it looks as ifKonami are having trouble coding for the PS3, doesn't bode well for MGS4

tango90101

idk...kojima couldn't get a decent framerate in the xbox version of mgs last gen...

and don't blame the hardware as anyone knows the xbox had better hardware than the ps2.

point is; he's not perfect....

[QUOTE="mmirza23"][QUOTE="TTDog"]

Judging from the GS review of Pro Evo 2008 on PS3 it looks as ifKonami are having trouble coding for the PS3, doesn't bode well for MGS4

tango90101

idk...kojima couldn't get a decent framerate in the xbox version of mgs last gen...

and don't blame the hardware as anyone knows the xbox had better hardware than the ps2.

point is; he's not perfect....

Wow.

The PS3 is going to drive many developers loyal to the platform out of buisness.

First Konami can't explain why it had problems with PES on the PS3...and then this MGS4 delay.

Studios making games for the 360 (both exclusives and multiplaform titles) are laughing all the way to the bank.

I wonder what executives at Square Enix are thinking right now...

Better start beggin harder, Sony.

[QUOTE="TTDog"]

Judging from the GS review of Pro Evo 2008 on PS3 it looks as ifKonami are having trouble coding for the PS3, doesn't bode well for MGS4

mmirza23

Here's hoping, I dread to think of what would happen in SW if MGS4 didn't score at least an 9.0, there'd be more locked threads than there was for the last PS3 flop.

I smell a X360 version coming shortly after its released on the PS3. Unless Sony is willing to give Konami big money to keep as exclusive.Danthegamingman

Its still Q1 '08in Japan

Import? :D

but he and his studio's are familiar with sony hardware and this game is being developed specifically for it so i'm expecting the exact same experience i got from MGS 1, 2, 3 and PO.mmirza23

[QUOTE="mmirza23"]but he and his studio's are familiar with sony hardware and this game is being developed specifically for it so i'm expecting the exact same experience i got from MGS 1, 2, 3 and PO.RIZDRAVER

I would do the same if I was an investor. MGS4 is going to bring in big money for Konami when it comes out. But with this delay, it means another quarter of money going into the game with no real revenue coming in. I mean, what else of merit does Konami have scheduled for Q1 2008? Nothing.

Smart investors will sell out and then buy back in for Q2 2008. Whether the game is going to be ported to 360 or not is irrelevant. Either way, it is a major game that people are waiting for and will bring in more money than anything else konami has planned. That income then means stock goes up.

[QUOTE="mmirza23"]but he and his studio's are familiar with sony hardware and this game is being developed specifically for it so i'm expecting the exact same experience i got from MGS 1, 2, 3 and PO.RIZDRAVER

EVery MGS title has been delayed because Kojima constantly ads new features to the game. This may not be the case for MGS4, but Kojima has said numerous times he loves and supports the PS3 and the hardware. This goes so far that he is the only thing standing in the way of Konami porting the game to 360.

If he was having all these hardware problems, then why does the game look so good and why is he fighting the whole company to support the PS3?

Serves 'em right for being ignorant and biased against the 360.V_Isle

um how?

developers said the ps2 was more difficult to develop for than ps3, so if they got games out like mgs2 and 3 for ps2, im not worried at all this time around.mmirza23

Take Two Interactive was down over 15% when GTA4 got delayed. Since then TTWO has run from $14 to $18. I would expect a similar recovery from Kanomi.MetalContra

[QUOTE="mmirza23"]developers said the ps2 was more difficult to develop for than ps3, so if they got games out like mgs2 and 3 for ps2, im not worried at all this time around.RIZDRAVER

[QUOTE="mmirza23"][QUOTE="TTDog"]

Judging from the GS review of Pro Evo 2008 on PS3 it looks as ifKonami are having trouble coding for the PS3, doesn't bode well for MGS4

tango90101

idk...kojima couldn't get a decent framerate in the xbox version of mgs last gen...

and don't blame the hardware as anyone knows the xbox had better hardware than the ps2.

point is; he's not perfect....

MGS4 on 360 confirmed? Think about it!TiberiusKane

...stop.

Konami has to do something to reassure their shareholders. Announcing that MGS4 will sell an extra few million because its coming on multiple platforms might do that.

Konami has to do something to reassure their shareholders. Announcing that MGS4 will sell an extra few million because its coming on multiple platforms might do that.

JiveT

And the "Just wait"ing continues...

seriously though...another bit of evidence to suggest that the most powerful system isn't a guaranteed homerun. A powerhouse system with no games is useless. Hardware that hinders developers and raises costs isn't the answer to winning big in the video game market.

Konami has to do something to reassure their shareholders. Announcing that MGS4 will sell an extra few million because its coming on multiple platforms might do that.

JiveT

that's what i was thinking..

cows seem to forget hideo kept mum on the xbox version last gen for a long time....

someone had better say/do something. fears like these have lives of their own...

If Konami wants to make any money from this game they have to

1) MAke it cost $100

2) Put it on the 360 and/or PC.

If Konami wants to make any money from this game they have to

1) MAke it cost $100

2) Put it on the 360 and/or PC.

turgore

i dont think it will come to 360 coz its teh bluray exkulshiiiive

What are the chances the stock drop hurts funding for the development of the game and thereby reduces it's quality?

hold the phone....did anyone think the game was actually going to be ready before 08? there still working on the AI...an 08 release was always unfeasible. im amazed the investors didnt catch that before the announcement.

i thought it was going for a Q1 release though.

osan0

Although I happen to agree with you, obviously a lot of people thought it was feasible or it would not have caused the stock to crash.After seeing the walk-thru demo it was clear the game was going to be amazing, but we also saw that there are a number of changes from previous MGS games. I for one do not want a rushed game, it is not MGS4's fault that there are no other PS3 games out worth buying the system for.