Next Generation wrote up an article about how Market Watch reports that filings have been lodged with the Securities and Exchange Commision showing that Bach sold $6.2 million in stock starting from May 2 leading up to the annoucement of an extended warranty for all Xbox 360’s. Microsoft also recently announced that they failed to reach their target of selling 12 million Xbox’s falling short by only reaching 11.6 million in sales.

Next Generation reports that coporate executives often sell stock on a scheduled basis to ensure that they aren’t preceived to be using insider trading when they do make a sale. Bach was unavaliable to comment at the time but Microsoft spokesman Eric Hollreiser had this to say,

“Robbie Bach’s past trading is completely unrelated to last week’s announcement. … [He] continues to hold a significant stake in Microsoft and remains confident in the long-term success of the company.”

Hollreiser also goes on to state that Microsoft has known about its hardware issues for quite a few months and has only recently talked about a financial decision about how to solve the problem. To read the full article check back after the break.

[via: Next Generation]

-Brandon “Hoosierdaddy812″ Petesch-