|
|
|
|
|
|||||||
 |
|
|
Thread Tools |
15th Aug 2007, 12:11
|
#1 |
|
Player Character
bit-tech Staff
Join Date: Apr 2007
Posts: 7,965
  |
Bach sold more Microsoft stock than he let on
http://www.bit-tech.net/news/2007/08...an_he_let_on/1
Robbie Bach, Head of Entertainment at Microsoft, didn't sell $6.2 million of stock. No, he sold $9.2 million of Microsoft stock. 
__________________
|
|
|
|
15th Aug 2007, 14:49
|
#2 |
|
Madeira's banana is the best!!!
Join Date: Sep 2005
Location: Madeira ; Portugal
Posts: 6,469
|
yeah right....... a $3 million "administrative error".......
__________________
Renegade X - 0.40 Release! <---- CLICK! |
|
|
|
|
15th Aug 2007, 14:51
|
#3 |
|
Don't panic!
Join Date: Jan 2003
Location: Lancs, UK
Posts: 15,158
|
Sounds like a spot of sillyness going on to me, someone should definately get an investigation into some insider trading charges.
__________________
|E8400 @ 4.4GHz|WC: 2*120.1 GT's, MCP350, Storm G5|4GB Dominators|DFI LT X48-T2R|8800GT|74GB Raptor|Chieftec BA01|OCZ ModXStream 600W|Dell 2208WFP|
The Good, The Bad, The Ugly, The LOL!!1!!1!, The Zlad!, The Kempness, The Braaaaaains... |
|
|
|
15th Aug 2007, 15:01
|
#4 |
|
Supermodder
Join Date: Nov 2004
Location: UK
Posts: 334
|
he's scum, lying though his teeth - sack/arrest/impeach him.
seriously I look at him and pray I've locked up my house properly as he's probably planning on stealing my valuables. |
|
|
|
|
15th Aug 2007, 18:21
|
#5 |
|
I *am* The Stig
Join Date: Apr 2007
Location: Wisconsin
Posts: 3,217
|
wow that screams "insider trading"
__________________
Rendering Machine - Gigabyte DS3L P35 - C2Q Q6600 - Antec New Solution Series NSK4480B - Corsair XMS2 2Gb - Sapphire 2600 XT 256mb - Seagate 'Cuda 320 GB - Antec Earthwatt 430 watt - Windows XP Pro -
|
|
|
|
|
15th Aug 2007, 18:36
|
#6 |
|
Web Developer
Join Date: Jun 2005
Location: West Palm Beach, Florida
Posts: 3,834
|
I'm kinda wondering why this really matters to us... >.>
__________________
Current Computer: eVGA 780i Motherboard | Q6600 Core2Quad | eVGA GTX260 896Mbs 216-core | 2x Seagate 500Gbs | 8Gbs OCZ Platinum DDR2 800 | Creative XtremeGamer X-Fi | Thermaltake Armor Case Custom WordPress, ZenCart, Joomla, vBulletin, etc installs and skinning, PM/E-Mail for a quote
|
|
|
|
|
15th Aug 2007, 19:04
|
#7 |
|
Supermodder
Join Date: Nov 2002
Location: Fort Collins, CO, USA
Posts: 291
|
Because the global economy hinges on the stock market. Any amount of insider trading is extremely dangerous to EVERYONE who has money in the stock market.
__________________
A64 3200+ Scythe Ninja HS, 1GB Geil PC3200 DDR, MSI K8N Neo3-F, eVGA 7800GT@503/1192, SB X-Fi Platinum Antec P150 w/ 2x120mm and 2x92mm Nexus fans, Windows MCE 2005 Rollup 2 Heatware -Jason |
|
|
|
|
15th Aug 2007, 19:08
|
#8 |
|
Web Developer
Join Date: Jun 2005
Location: West Palm Beach, Florida
Posts: 3,834
|
So is this a stock market forum/site or a PC modding forum/site? O.o
__________________
Current Computer: eVGA 780i Motherboard | Q6600 Core2Quad | eVGA GTX260 896Mbs 216-core | 2x Seagate 500Gbs | 8Gbs OCZ Platinum DDR2 800 | Creative XtremeGamer X-Fi | Thermaltake Armor Case Custom WordPress, ZenCart, Joomla, vBulletin, etc installs and skinning, PM/E-Mail for a quote
|
|
|
|
|
15th Aug 2007, 19:09
|
#9 |
|
I pwn all your storage
Join Date: Jul 2005
Location: Southampton
Posts: 13,933
|
But the Microsoft stock price didn't fluctuate much.
|
|
|
|
|
15th Aug 2007, 20:46
|
#10 |
|
Minimodder
Join Date: Oct 2005
Location: minneapolis, mn, usa
Posts: 22
|
It has to be just a nasty coincidence.
Guys in that much of the spotlight don't simply make sales like this under the radar. Only a fool (which he's not) would have put himself in this position knowingly. And furthermore, since the stock didn't drop, there's no ill-gotten gains (not that that makes insider trading acceptable though!) At best you've got a set of circumstances that to the conspiratorial-seeking-eye might suggest "alleged attempted insider trading". But come on, unless the investigators, doing their diligence, find some red hot smoking gun (possible but highly unlikely), this is just victim of circumstance territory. Poor shlub. |
|
|
|
|
16th Aug 2007, 06:47
|
#11 |
|
Supermodder
Join Date: Jul 2007
Posts: 321
|
Even if he did do it I couldn't blame him. It would be really hard not to jump from a ship when you knew it was sinking.
|
|
|
|
|
17th Aug 2007, 07:29
|
#12 | |
|
Supermodder
Join Date: Nov 2002
Location: Fort Collins, CO, USA
Posts: 291
|
Quote:
Bach works for Microsoft, whom is one of the largest names in the PC AND Console business, therefore news about him cannot be argued to be irrelevant to a site whose articles for years have covered both Console, PC, Technology and modding news.
__________________
A64 3200+ Scythe Ninja HS, 1GB Geil PC3200 DDR, MSI K8N Neo3-F, eVGA 7800GT@503/1192, SB X-Fi Platinum Antec P150 w/ 2x120mm and 2x92mm Nexus fans, Windows MCE 2005 Rollup 2 Heatware -Jason |
|
|
|
|
|
17th Aug 2007, 13:05
|
#13 |
|
Yeah man...
Join Date: Jul 2007
Location: On earth
Posts: 183
|
Surely the United States Securities and Exchange Commission (SEC) should be aware of this and so should MicroSoft.
Robbie Bach got rid of $6.2 million in company stock between May 2 & May 30th. And an additional $3 million on 1st of May - total $9.2 million. Don't forget that all this was done before MS revealed its console problems. I do find this a bit shaddy though, but is it wrong! Well, no, not unless MS's executives and the SEC knew about it. I'm not sure how to read all this, I guess time will tell.
__________________
Gigabyte Poseidon Case - GA-M59SLI-S5 - AMD Athlon64 4000+ - nVIDIA 8600GT 512MB - 4Gig DDR-II - Logitech Lazer Mouse I say "There are no problems, only solutions" |
|
|
|
|
17th Aug 2007, 13:20
|
#14 |
|
I pwn all your storage
Join Date: Jul 2005
Location: Southampton
Posts: 13,933
|
There's nothing wrong because he didn't profit from the sale.
|
|
|
|
|
| Thread Tools | |
|
|
