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Tecmo Shares Plummet Following Itagaki's Leave

50°
327w ago - Tomonobu Itagaki's announcement that he was leaving Tecmo and suing them for $1.4 million for unpaid completion bonuses, and against the company's president for "unreasonable and disingenuous statements" made towards him has led to Tecmo's share price to plummet.

The share price fallen 10 percent in the space of just one day.

At market close on Tuesday, the publisher's shares reportedly slumped from 1,102 yen ($10.40) to 982 yen ($9.27) – a reduction of ten percent... quite significant indeed.
 

Itagaki Files Suit Against Tecmo, Announces Resignation

100°
328w ago - Tomonobu Itagaki announced today that he has filed suit against Japanese-based publisher Tecmo, claiming damages in the amount of 148 million yen for unpaid bonuses.

In the suit, which was filed on May 14, Itagaki specifically calls out the company's head honcho, Yoshimi Yasuda, for breach of contract and making demeaning remarks about him to fellow subordinates and colleagues.

To quote: President Yoshimi Yasuda chose not only to violate this agreement, but also turned defiant, telling me "if you are dissatisfied with the decision not to pay the bonuses, either quit the company or sue it."

Itagaki further notes that the comments made by Yasuda has led him to formally announced his resignation from Tecmo. He will leave the company on July 1.

Statement: I, Tomonobu Itagaki, hereby announce that on the 14th of May 2008 I filed a complaint in the Tokyo District Court against Tecmo Co., Ltd. for unpaid completion bonuses, and against the President of Tecmo, Yoshimi Yasuda, for such unlawful acts as unreasonable and disingenuous statements made towards me, claiming damages in total of 148 million yen. I also announce that this complaint was delivered to the defendants on May 22nd of the same year.

In addition, I hereby announce that I have today submitted a...
 

Tecmo Bowl: Kickoff announced for Nintendo DS and Wii

100°
332w ago - While at a press conference in Tokyo, Tecmo confirmed that it was working on a brand new Tecmo Bowl game for 2008, but it wouldn't even name a platform for which the game would appear. A company representative would tell the assembled media only that the game was "not going to be on the platform that you're thinking of right now."

Now, thanks to Kotaku online, we have a little more information on the games upcoming release. "When Tecmo announced last year that its classic footballer Tecmo Bowl was returning to unlicensed glory in 2008, it failed to mention just about anything beyond that.

No platform, no details, nothing but the sting of nostalgia. However, if the most recent rumors from EGM are to be believed, Tecmo Bowl is coming to the Nintendo DS and Wii, albeit in too very different forms."

The monthly rumor column from Quarterman says that a "classic version" of Tecmo Bowl is coming to the DS, with a "modern remake" Wii-bound. Considering that 1UP's account says that we can expect info in an upcoming issue "very soon" I suspect they know what they're talking about.

Little else is known about Tecmo Bowl: Kickoff, except that it will feature a customizable 32 team league, Wi-Fi compatibility and players controlled with the touch-screen.

The release is expected...
 
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