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GADGETS AND GAMES DIRECTORY :: > Games Register Weblog >  Games Tech Weblogs - WEEKLYBITS.COM GADGETS AND GAMES DIRECTORY
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Visit Itagaki's departure causes Tecmo stock plummet Itagaki's departure causes Tecmo stock plummet in dead-or-aliveitagakininja-gaidenstocksteam-ninjatecmo
By Scott Jon Siegel
el 06-Jun-2008

Filed under: Business


Turns out Tomonobu Itagaki's imminent lawsuit might not be Tecmo's biggest problem after all. Within two days of the Ninja Gaiden developer's abrupt resignation from the company, Tecmo shares on the Tokyo Stock Exchange dropped rapidly.

Assurances that Team Ninja would remain (largely) intact apparently did not appease the stockholders. Shares dropped over 10% from Tuesday's closing of ¥1,102 (USD 10.40), to today's closing of ¥982 (USD 9.30). Not a good start to the company's new Itagaki-less lifestyle, to be sure.
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24-Oct-2008

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