Microsoft's Stock Rose After E3 Conference

Microsoft's stock has risen after they gave their press conference at E3 2012.

Their stock had closed at around $28.50 on Monday night, but rose to roughly $28.60 on Tuesday night. Their stocks peaked at roughly $29.15 on Wednesday and started Thursday off on a high at $29.70.

This rise, which coincides with their participation at E3 2012, is seen as a sign of confidence from their investors on the announcements made at their press conference on Tuesday where they unveiled new titles for their XBox 360, integrating their motion sensing technology, Kinect, and their controller software which rivals that of Nintendo's new console, Wii U.

Microsoft's stocks are currently $29.22.

Source: http://www.marketwatch.com/investing/stock/msft

That's hilarious. They'll make money from Halo 4 and things like that, but the Kinect content bored the crap out of most of the people who watched it. Ill-placed faith, much? :P

I also find it hilarious their stock can rise $1.20 within two days of announcing pretty much the same things as last year's E3. However, Nintendo and Sony's stock fell the following couple of days after their conferences.

In one word, epic.

To be fair, Microsoft presented that Smart-Glass feature, Halo 4 and it also has Windows 8 in the making. But yes, bringing out Usher to dance for people sent a pretty clear message - they have no good games for the Kinect.

I think the whole Usher thing was mostly from Ubisoft to promote Just Dance 4. Microsoft had Usher, Ubisoft's presentation had Flo Rida, Nintendo clearly said hell no and had Reggie Fils-Aime choreographing dancers instead :P