Posted Feb 14, 2007 at 01:35AM by Remi M. Listed in: Nintendo DS, Wii, PlayStation 3, Xbox 360, Games for Windows Tags: GameStop
Ó

GameStop - Image 1In an effort to make their stocks more attractive to investors, US retailer GameStop announced a two-for-one stock split. What happens in this scenario is, say for example, you have 100 shares of GameStop having a US$ 4 value per share, the total value is US$ 400. With the two-for-one stock split, you will now have 200 shares of GameStop with a value of $ 2 each, still equivalent to your original value.

Although there'll be no change in value and income, the "share pie" is sliced into smaller pieces which means there'll be more shareholders for the company.

This is the first of its kind since 2002 for GameStop. The company will now have 152 million commonshares and the split will take place on February 20  while the share distribution is set for March 16. According to its CEO, R. Richard Fontaine, this will make the company's shares more attractive to potential investors. He continued by saying:

This stock split also reinforces the confidence that the board and I have in the GameStop buy, sell, trade strategy and the future of video game growth worldwide.

Aside from the announced stock split, they also announced the authorization of US$ 150 million for the buyback of senior notes. As to when the buyback will happen and how much they would be purchasing, these would all depend on a range of factors such as market conditions.


[Via GamesIndustry.biz] Permalink  |   Email this  |   Linking Blogs   |   Digg It!

Bookmark / Find this article on:


7 Comments


Sort by:
   by Spine (Unregistered) - 2007-02-14
 » who cares?

Cricket Cricket...........


Seriously, Gamestop sucks. Used games are the biggest ripp off. They give you then slap a sticker on it. Then they pressure the hell out of you to buy the used games. F'm

   by Pooper (Unregistered) - 2007-02-14
 » Gamestop sucks....really?

actually the only thing that sucks is your grammar. People like you make me sick...Your nothing more than a stupid mother f$#&er that likes to pay full price for your games.


   Re: Aaron (Unregistered) - 2007-02-15
 » wow

why so hostel? wtf is your problem. i dont like paying full price. that makes me a stupid mother *****er? you have issues seriously.
   by Advertising -
   by ahhh (Unregistered) - 2007-02-14
 » ahahhaha

That place is a rip off. You buy a Game for $60 bucks, return it after 2 weeks of playing and they only give you $20 bucks for it, and then mark it back up and sell it for $55 used. So lame.

   by Blu3Drag0n (Unregistered) - 2007-02-14
 » This info is off

200 shares of GameStop with a value of $ 2 each,
is not equivalent to your original value.

200 @ is.

   by LOL@PS3 (Unregistered) - 2007-02-14
 » LOL

I don't know y all those retards sell their games back to gamestop.... they rip you off.... you can get a lot more for your game by selling it on ebay........

   by melvin (Unregistered) - 2007-02-22
 » xbox 360.......$200


We are one of the leading mobile phone distributors.We are
Legitimate registered Company under licensed number(RC43215).We
ship via FedEx or DHL, and your ordered items will get to your door
step within 48 hrs(Two Working Day).We sell all kinds of mobile
phones such as Nokia, samsung, motorola, Sony Ericsson, Nextel,
Juicy Sidekick
II, PDAs phones,eg Qtek900 I-mate Jasjar, o2 xda exec, Dopod 900
and many more. and we also have all
the model of Apple ipod, Xbox 360, Sony PSP and Sony PS3.
For further enquiry forward your mail to
:fidodomobilestore@hotmail.com We look forward in serving you
better.
For :CELL TELECOMS LTD.
Ernal Williams (e-marketers)
Juicy SIDEKICK I...........$100USD
SIDEKICK II..........$120
SIDEKICK II MISTER CARTOON...... $140
JUICY COUTURE SIDEKICK II .....$130
SIDEKICK 3..........$220
02 Phones
o2 xDA Exec ........ $250
02 XDA Atom ........ $220
02 XDA NEO ........ $220
02 XDA mini S ....... $240
02 XDA II mini ...... $180
02 XDA IIi ......... $150
02 XDA IIs ......... $160
O2 X2i ......... $120
02 X4 ......... $130
02 X3 ......... $120
02 x7 ......... $140
Samsung D410.........$120usd
Samsung D500.........$130usd
Samsung d600.........$150usd
Mitac MIO 8930......$280usd
Motorola razor v3.........$100usd
Motorola razor v3 pink edition....$120usd
Motorola v3X...................$150usd
Motorola Q................$180
Motorola V3i.............$110
Motorola MPX300.,...$150usd
Nextel i930.........$130usd
Nextel i870.........$120usd
Nextel i860.........$100usd
Nextel i90c.........$75USD
Nextel i95cl........$90USD
Sony Ericsson p990.....$140usd
Sony Ericsson p910i....$125usd
Sony Ericsson w900i....$140usd
Sony Ericsson K750i....$130usd
Sony Ericsson k800i....$170usd
Sony Ericsson k700i....$120usd
Sony Ericsson W800i....$145usd
Sony Ericsson W900 ....$190usd
sony Ericsson w600i....$130usd
Sony Ericsson d750i....$150usd
Sony Ericsson z1010....$180usd
Qtek
Qtek 8500 ....... $130
Qtek S200 ....... $180
Qtek 9000 ....... $250
Qtek 8310 ....... $200
Qtek 8300 ....... $185
Qtek 9100 ....... $270
Qtek 8100 ....... $150
Qtek S110 ....... $175
Qtek S100 ....... $190
Qtek 9090 ....... $200
Qtek 8020 ....... $190
Qtek 8010 ....... $140
Qtek 2020i ...... $220
Qtek 2020 ....... $200
Qtek 1010 ....... $140
LG KG800(CHOCOLATE)........$160USD
I-MATE PHONES
I-MATE Smartflip ....... $140
I-MATE JAMin ......... $240
I-MATE JASJAR ........ $250
I-MATE K-JAM ......... $180
I-MATE SP5 ......... $150
I-MATE SP5m ......... $155
I-MATE SP4m ......... $120
I-MATE JAM Black ........ $150
I-MATE JAM ......... $160
I-MATE PDA2 ......... $190
I-MATE PDA2k ......... $168
I-MATE SP3i ......... $130
I-MATE SP3 ......... $135
I-MATE Pocket PC ......... $140
I-MATE Smartphone2 ........ $110
I-MATE Smartphone ........ $115
Treo 700...............$200usd
Treo 600...............$150usd
Treo 650...............$160usd
NOKIA VERTU.......$650USD
Nokia N90 $200
Nokia N91 220$
Nokia 6060 150$
Nokia 6111 170$
Nokia 6270 170$
Nokia 6270 190$
Nokia 6280 180$
Nokia Vertu 250$
Nokia 5140i 140$
Nokia 6230i 140$
Nokia 6021 140$
Nokia 6030 140$
Nokia 6680 140$
Nokia 6681 120$
Nokia 6101 110$
Nokia 6822 110$
Nokia 7710 110$
Nokia 6170 140$
Nokia 6260 140$
Nokia 3510i 90$
Nokia 6630 120$
Nokia 9300 110$
Nokia 7260 120$
Nokia 7270 110$
Nokia 7280 120$
Nokia 6670 110$
Nokia 6020 120$
Nokia 3220 65$
Nokia N-GAGE QD 70$
Nokia 7610 120$
Nokia 9500 145$
Nokia 5140 85$
Nokia 6610i 120$
Nokia 7200 133$
Nokia 6230 145$
Nokia 6820 120$
Nokia 7600 105$
Nokia 6600 120$
Nokia 6800 105$
Nokia 6220 120$



Add QJ.NET
Add to My Yahoo!
Google Reader Subscribe with Bloglines
Add  to your Kinja digest Subscribe in NewsGator Online
Subscribe with Pluck RSS reader Add 'www.qj.net' to Newsburst from CNET News.com
Subscribe with SearchFox RSS del.icio.us www.qj.net
Add to Technorati Favorite! Add to My AOL
furl! it Stumble for Treehugger!