|
Microsoft's Xbox exec. sold MS stock when Xbox 360 problems got media attention |
|
|
|
Saturday, 14 July 2007 |
|
| Microsoft's executive in charge of the Xbox video-game console unit, Bach sold $6.2 million worth of company stock during the period when the recent technical problems of the Xbox 360 became more & more a media issue for Microsoft. |
Bach's most recent insider sales came between May 25 & May 30, Marketwatch form Dowjones reports.
Microsoft shares were little affected by the Xbox announcement, dropping in heavy after-hours trading that day to $29.88. The shares rose slightly higher to $29.69 in Thursday trading.
According to a review of filings with the Securities & Exchange Commission, Bach sold $6.2 million in stock in the period between May 2 & last week's announcement. That followed an 8-month period when he sold no company shares, according to filings. |
|
