Robbie Bach sells $6.2 Million in Xbox stocks - bit-tech.net Forums

Tim S · 12th Jul 2007, 12:31

http://www.bit-tech.net/news/2007/07...on_in_xbox_s/1

Robbie Bach dumps $6.2 million in Xbox 360 stocks onto the market at the same time as Peter Moore announcing an enhanced warranty. And nobody would have found out, if it weren't for those pesky kids!

DXR_13KE · 12th Jul 2007, 12:39

i smell a conspiracy theory brewing........

Buzzons · 12th Jul 2007, 13:06

gambling debt that needed paying off probs

Veles · 12th Jul 2007, 14:22

I wouldn't be surprised if xbox stocks went down after they had to pay up 1 billion to fix a problem that shouldn't have been there in the first place.

devdevil85 · 12th Jul 2007, 16:15

Not looking good for M$. The guy who started it all is selling his stocks.....in a way it's fun hating M$, but at the same time they need to be there and the same goes for Sony......the Wii is just the red-headed step-child tbh so it doesn't count because everyone loves Nintendo.....

DXR_13KE · 12th Jul 2007, 16:20

Quote:

Originally Posted by devdevil85

because everyone loves Nintendo.....

except those who hate it.

devdevil85 · 12th Jul 2007, 18:14

Quote:

Originally Posted by DXR_13KE

except those who hate it.

You hate Nintendo???? hehe....

DXR_13KE · 12th Jul 2007, 19:09

Quote:

Originally Posted by devdevil85

You hate Nintendo???? hehe....

nope.....

but there are people that do hate it...

EQC · 12th Jul 2007, 19:49

I'm not sure why most of the news posts are listing this as "stock in the Xbox 360"...I think it's stock in Microsoft, if I'm not mistaken. If I am mistaken, then I'm just surprised to learn that you can actually buy stocks in the XBox 360 -- I thought you could only buy stock in companies like Microsoft...and that you could not choose to own stocks connected to only specific products of those companies.

It's also interesting to note that this stock sale took place between May 2 and July 6 -- that's a 2-month period. During that 2 month period, I think many people may have seen the failure rate of the 360 (it has been all over the internet for quite some time) and foreseen major expenses for Microsoft and perhaps a reason to sell shares...

2JSC · 13th Jul 2007, 01:55

Keep your eyes out for any large buys in the Sony or Nintendo stock areas!

Iago · 16th Jul 2007, 09:06

Where's the mystery or conspiration? Robbie Bach, President of Microsoft's Entertainment Division didn't knew that MS was devoting 1$ Billion to X360 repairs? Is it just a big, totally unrelated coincidence that he decided to sell just prior to MS's announcement?

Yeah, sure. If someone believes that, I've got a nice bride (with a Wii on top) to sell them.

Quote:

Originally Posted by devdevil85

You hate Nintendo???? hehe....

I do. I bought into the Wii hype and now I feel cheated. Nintendo has sold me a 250€ party game (Wii Sports) and that's all there is to it. And for all the talk about the OMGincredible! wii demand out there, it's taking me a while to find any buyers...

12th Jul 2007, 12:31	#1
Tim S Pewlius Caesar bit-tech Staff Join Date: Nov 2001 Location: Ascot, Berks Posts: 18,021	Robbie Bach sells $6.2 Million in Xbox stocks http://www.bit-tech.net/news/2007/07...on_in_xbox_s/1 Robbie Bach dumps $6.2 million in Xbox 360 stocks onto the market at the same time as Peter Moore announcing an enhanced warranty. And nobody would have found out, if it weren't for those pesky kids! __________________ Tim on Twitter \| Tim's Blog \| Tim's Flickr The bit-tech Blog \| bit-tech on Twitter \| Join the bit-tech & Custom PC folding team (#35947)

12th Jul 2007, 12:39	#2
DXR_13KE Madeira's banana is the best!!! Join Date: Sep 2005 Location: Madeira ; Portugal Posts: 6,480	i smell a conspiracy theory brewing........ __________________ RENEGADE X CONTEST! <---- CLICK if you want to win a free Command & Conquer 4 beta key!

13th Jul 2007, 01:55	#10
2JSC Multimodder Join Date: Dec 2006 Location: Arizona Posts: 112	Keep your eyes out for any large buys in the Sony or Nintendo stock areas! __________________ He's no different than the rest of you organisms... shooting DNA at eachother to make babies.

12th Jul 2007, 13:06	#3
Buzzons Mod Master Join Date: Jul 2005 Posts: 2,086	gambling debt that needed paying off probs

12th Jul 2007, 16:15	#5
devdevil85 Hypermodder Join Date: Nov 2006 Location: US of A Posts: 884	Not looking good for M$. The guy who started it all is selling his stocks.....in a way it's fun hating M$, but at the same time they need to be there and the same goes for Sony......the Wii is just the red-headed step-child tbh so it doesn't count because everyone loves Nintendo.....

12th Jul 2007, 19:49	#9
EQC Multimodder Join Date: Mar 2006 Location: CA Posts: 220	I'm not sure why most of the news posts are listing this as "stock in the Xbox 360"...I think it's stock in Microsoft, if I'm not mistaken. If I am mistaken, then I'm just surprised to learn that you can actually buy stocks in the XBox 360 -- I thought you could only buy stock in companies like Microsoft...and that you could not choose to own stocks connected to only specific products of those companies. It's also interesting to note that this stock sale took place between May 2 and July 6 -- that's a 2-month period. During that 2 month period, I think many people may have seen the failure rate of the 360 (it has been all over the internet for quite some time) and foreseen major expenses for Microsoft and perhaps a reason to sell shares...