Nintendo Unfazed

Nintendo is insisting that the European Commission's formal warning about anti-trust violations won't affects its earnings. Nintendo's confidence that the allegations of cartel-like price fixing arrangements in its European distribution practices won't adversely affect the company, however, stem from Nintendo's belief that the company will be exonerated. "We are confident this will have no impact on our earnings as we are doing business with the understanding that we had and have no such arrangements in Europe," said a Nintendo spokesperson. Nintendo could face huge fines if it is found to be in violation.