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

Article Stock Quotes (1) Comments (0)

(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.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• More Used Game Rumors Sink GameStop (GME)
• GameStop Reports First Quarter 2013 Results
• Market Wrap: New Home Sales Surge; ChannelAdvisor Goes Public; Japan Falls Flat

Create E-mail Alert Related Categories

Conference Calls, Trader Talk

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?