Bach Sold Stock as Xbox Problems Mounted

Market Watch reports that filings lodged with the Securities and Exchange Commission show Bach sold $6.2 million in stock between May 2 and last Thursday when Microsoft officially acknowledged it would be necessary to fork out around $1.15 billion to cater for an “unacceptable” number of Xbox repairs. Bach had sold no stock for eight months prior to May. Read more.

This entry was posted on July 13, 2007 at 11:35 am and is filed under Business, Gaming, Hardware, Microsoft, Review, xbox 360. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “Bach Sold Stock as Xbox Problems Mounted”

  1. vistasucks Says:
    July 13, 2007 at 11:35 am

    Wouldn’t you?

  2. Daniel Says:
    April 14, 2008 at 2:33 pm

    I’m sick of xbox 360s dying everywhere. I mean I love the games to death, and in an industry that makes more money than hollywood you’d think they would have done something sooner to fix the problem. Still the extended warranty is a cool idea and I’m glad they’re standing behind it.

  3. vistasucks Says:
    April 14, 2008 at 2:49 pm

    Yeah it’s a good idea but I guarantee you the only reason they did it was to avoid the otherwise inescapable lawsuits.

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