Steve Ballmer Describes New Xbox 360 Warranty as 'Painful'
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| The extended coverage of defective Xbox 360 consoles caused Microsoft's
| gaming division to lose $1.89 billion for the quarter ¨C about 47 percent
| more than the previous period's $1.28 billion loss from last year.
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http://pc210.com/newshtml/7317335716-1.html
Sony views silver lining on PS3 cloud
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| Sony CFO Nobuyuki Oneda has told journalists that there is certainly a silver
| lining attached to the cloud of the PS3's poor sales figures: "Sales of the
| PS3 have risen but we booked losses due to our strategic decision to price it
| below the (production) cost... Actually, because the number of units sold was
| not as high as we hoped, the loss was better than our original expectation."
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http://www.theinquirer.net/default.aspx?article=41315
Related:
Microsoft Admits *ALL* Xbox360's Are Defective
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| Though Robbie Bach, head of Microsoft's Xbox360 Division refused to elaborate
| on the issue, the general consensus is that it's one of botched thermal
| design management and inadequate dissipation of heat leading to component
| failure.
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http://www.fastsilicon.com/latest-news/microsoft-admits-all-xbox360s-are-defective.html?Itemid=60
Insider Trading Hasn't Affect Microsoft Stock - Yet
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| MarketWatch.com reports that Robbie Bach, president of Microsoft's
| Entertainment and Devices division, sold $6.2 million of Microsoft
| stock just prior to announcing that Microsoft was going to have to
| extend XBox 360 warranties to three years because of extensive
| failures. The filings note that this was not part of any
| scheduled diversification or selling program; this was a
| conscious, unscheduled sale by the guy in charge of releasing
| news that could affect the value of Microsoft stock.
|
| [...]
|
| Insider trading is a very serious violation of the law; just
| ask Martha Stewart, who served five months in prison for
| avoiding losses of $43,000 through trades that just had suspicious
| timing (no insider trading was actually proven). This is $6.3
| million that went straight into Robbie Bach's pocket.
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http://biz.yahoo.com/seekingalpha/070713/40947_id.html?.v=1
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