OTHER NEWS - Nov. 19, 1993

24% Drop in Earnings Ends 10-Year Boom for Nintendo: Nintendo Co., once the unchallenged king of the video game industry, reported its first earnings decline in 10 years, amid fierce competition from Sega Enterprises Ltd. The maker of Super Mario is finally feeling the pinch of the global economic slowdown. Nintendo said Thursday that pretax profit in the first half of its fiscal year, equivalent to about $576 million, was down 24% from a year earlier and far below the $741 million analysts had foreseen. Analysts said the showing signals the end of a 10-year boom that made Nintendo Japan’s most profitable company.