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Tecmo's shares go down, way down
Sean Ridgeley - Thursday, June 5th, 2008 | 9:47AM (PT)


Itagaki departure makes impact

Some news regarding Tuesday's news: Team Ninja's head ninja Tomonobu Itagaki's departure from Tecmo seems to have left a rather big impact - apparently I wasn't the only one with a lot of respect for the developer. Check out the figure's from BusinessWeek Stock Quotes & Company Profile:

This reflects on the values in the last five days.

As of the market close on Tuesday, June 3, shares were trading at ¥1,102 ($10.40). On Wednesday, June 4, after the news hit, shares were trading at  ¥985 ($9.30), more than a 10 percent decline. Today figures saw a slight decline, standing at ¥982 ($9.27), with a high of ¥1,005 ($9.49), and low of  ¥975 ($9.20).

Tecmo has stated Team Ninja will go on, and several new games are in development for both the Ninja Gaiden and Dead or Alive franchises.

Source: BusinessWeek

Alternate Source: GameSpot

Section: Microsoft Consoles, Console Games

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Comments:

June 5th, 2008 10:13AM(PT)
Wolfwood
Hmm, this isn't quite like Steve Jobs leaving Apple, but it is quite the coincidence for Tecmo. What fun-filled Fruit Roll-Ups will Itagaki-san roll out with next?
June 5th, 2008 11:08AM(PT)
kspiess
Whoa! That's a huge drop - I'm surprised dude's departure would have made that much of impact. Ninja Gaiden 2 seems to be doing pretty well.

- This news story is archived and is closed to new comments now -

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