UPDATE: GameStop (GME) Moves Higher; Plans to License Virtual Game Tech, Return About 100% of Free Cash to Holders

August 16, 2012 11:36 AM EDT
(Updated - August 16, 2012 11:47 AM EDT)

GameStop (NYSE: GME) moving higher following comments on the company's conference call that it is in discussion to license patented virtual gaming technology. The company plans to release the virtual game tech service in summer 2013.

On the Q&A session, the company said it sees returning "100 percentish" of free cash back to investors.

Were up 4.4 percent earlier, but are now up 6.5 percent on the session Thursday.

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