News Robbie Bach sells $6.2 Million in Xbox stocks

http://www.bit-tech.net/news/2007/07/12/robbie_bach_sells__6_2_million_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!

 

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

 

gambling debt that needed paying off probs

 

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.

 

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.....

 

except those who hate it.

 

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

 

nope.....

but there are people that do hate it...

 

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...

 

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

 

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.

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...