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Worldwide Stock Dive Hurts Publishers

1UP · By Mark Whiting, 01/22/2008

"The world's financial markets took a huge beating yesterday -- maybe you heard a little something about it?

On Monday, stocks everywhere dove sharply downwards in the most dramatic display of financial uncertainty since 9/11. Obviously the reasons behind the decline are widespread and complex, as such financial situations assuredly are. The impact of the chaos has been immediate and dramatic for almost all companies doing business on a global stage. Naturally, this includes those companies who produce and sell video games."

In the wake of big falls in the US, Japanese and European markets, the following games companies have been impacted: Ubisoft (down 11.5%), Sony (down 3.5%), Microsoft (down 3%), Take-Two (down 3%) and SCi (down 7.8%).

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