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Matsushita Selling B I G

by Billy Berghammer - July 14, 1999, 9:32 pm EDT
Source: Nintendojo

Insider tips!

Nintendojo has the word on Matsushita's stocks selling like hotcakes. Check it:

Shares of Matsushita, maker of the Panasonic, National, Technics and Quasar brands soared as much as 400 yen to a 12-month high of 2,820 and closed the morning session at 2,800 yen, a gain of 380.

Morgan Stanley added Matsushita to its list of recommended stocks on expectations the company will benefit from its advanced position in making digital consumer electronics that can be linked in a network. The Osaka-based company in May agreed to cooperate with world No. 2 home video game maker Nintendo Co. to develop products using data storage technology pioneered by Matsushita.

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