GameStop’s stock lost almost 6 percent today even though it saw greater sales in the 2010 holiday season than it did a year ago. That wasn’t enough, apparently.
Goldman Sachs’ analysts punked Microsoft’s stock rating and archly suggested that the company spin off the Xbox 360 division, saying such a sale could unlock hidden value within the unit and free it from the company’s more sluggish performance.
I’m just a simple caveman lawyer, and your world of finance frightens and confuses me. However, it sounds like Viacom wants a refund on a substantial bonus it paid to Harmonix’s founders.
Top-flight titles like Rock Band and Left 4 Dead are distributed by Electronic Arts but the association doesn’t mean as much to the company’s bottom line. The publisher will be moving away from distributing third-party titles in the coming year.
Atari found its new chief financial officer from TheLadders.com. Not that they went literally advertising on the service, which promises careers paying more than $US100,000 annually. They got the guy who was its veep for finance.