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Microsoft shares rise early amid Ballmer retirement news

ExDreamer
By ExDreamer
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Microsoft's shares are up significantly in early trading on Friday following news of CEO Steve Ballmer's impending retirement.

 

Microsoft's shares were up approximately 8 percent on Friday, landing at more than $35 per share before easing off a bit. As of this writing, Microsoft's shares are up 7.6 percent to $34.86.

 

The bump in share price comes immediately after Microsoft announced this morning that CEO Steve Ballmer will retire from the company within the next 12 months. Ballmer will stay on at the company until the Board of Directors appoints someone to replace him. A special committee has already been formed to find his replacement.

 

That Microsoft's shares are up following news of Ballmer's impending ouster speaks volumes about Wall Street's view on the company's CEO. During his tenure, Ballmer has helped Microsoft grow its Windows installed base, but has also presided over the mistake that was Windows Vista, the company's poor standing in mobile, and the much-maligned Windows 8.

 

More Here : http://news.cnet.com/8301-10805_3-57599842-75/microsoft-shares-rise-early-amid-ballmer-retirement-news/

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Do not reply saying that this is repost so mods wont get mad!

http://linustechtips.com/main/topic/49121-steve-ballmer-to-take-his-retirement-in-12month/

http://linustechtips.com/main/topic/49107-steve-ballmer-to-retire/

Error 709: Walrus on the road!

My build log: http://linustechtips.com/main/topic/131216-the-small-white-p-node-304-build http://linustechtips.com/main/topic/190057-build-the-large-p/

 

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Do not reply saying that this is repost so mods wont get mad!

It's about the same thing but different topic ain't it? Please link to the post if you say it's a repost.

 

 

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If you read the article,it says about microsoft shares so this is not a repost.This is about microsoft shares after steve ballmer retirement announcement not the announcement itself

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This is not a repost.This is about microsoft shares after steve ballmer retirement announcement not the announcement itself

Another post had stock shares too :)

Error 709: Walrus on the road!

My build log: http://linustechtips.com/main/topic/131216-the-small-white-p-node-304-build http://linustechtips.com/main/topic/190057-build-the-large-p/

 

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Another post had stock shares too :)

 

Yes but both posts say

 

 

Under his leadership, Microsoft's net income has increased to $23 billion, with annual revenue climbing from $25 billion to $70 billion, with an average annual profit growth of over 16 percent.

 

 

I am proud of what we have achieved. We have grown from $7.5 million to nearly $78 billion since I joined Microsoft, and we have grown from employing just over 30 people to almost 100,000. I feel good about playing a role in that success and having committed 100 percent emotionally all the way. We have more than 1 billion users and earn a great profit for our shareholders.

I did not see anything about microsoft shares after steve retirement news

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Yes but both posts say

 

 

I did not see anything about microsoft shares after steve retirement news

Then i am not sure, but they look all look same, but that is only my opinion. :)

Error 709: Walrus on the road!

My build log: http://linustechtips.com/main/topic/131216-the-small-white-p-node-304-build http://linustechtips.com/main/topic/190057-build-the-large-p/

 

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Then i am not sure, but they look all look same, but that is only my opinion. :)

I don't think this is a repost, it's about the same guy but different topic

 

 

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Locked - repost - original one has talk of shares as well and based on same subject.

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