logo  
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

Steve Ballmer is Stepping Down from Microsoft

  +Follow August 23, 2013 11:00AM
Share:
Tickers Mentioned:

Steve Ballmer has been quite a divisive CEO since he took the reins of Microsoft Corp. (MSFT) from founder Bill Gates in 2000. While Ballmer oversaw successes like the XP Windows operating system, under his guidance the company has struggled to keep up in both the tablet/smartphone market and search, two of the fastest growing components of tech.

Microsoft’s tablet the Surface has been a big disappointment, and Bing has been one of the highest profile flops in the entire tech sector. Microsoft’s attempt to compete with Google, Inc. (GOOG) in search has cost the company around $11 billion.

Ballmer joined Microsoft in 1980 as their first business manager. He became good friends with Gates, and made an unlikely ascent to the head of the company in 2000, when Gates stepped down but stayed on as a “chief software architect” before fully turning the reins over to Ballmer in 2006.

Since assuming total control of the financial and technical developments of Microsoft, Ballmer has been implicated in breeding a divisive, toxic company culture that encouraged departments to compete against one another. The company has attempted to rectify this major issue with the introduction of their “One Microsoft” reorganization initiative.

But what apparently pleases investors more than undoing what Microsoft had become under Ballmer is the very idea that Ballmer will soon be gone enitrely. Immediately following Ballmer’s announcement, Microsoft’s stock skyrocketed.

The stock is up 6.85 percent to hit $34.61 a share.

(image of Steve Ballmer courtesy of Wikimedia Commons)

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


Liked What You Read? Join Equities.com and Connect With Your Favorite Financial Experts FOR FREE! Members of Equities.com gain access to our leading financial news and content, active social investment community, proprietary research tools including the 2014 Small-Cap Stars, E.V.A. reports and more.

Results for MSFT
Quantpost Technology
23 Oct 14 02:18:34
$GOOG $MSFT $INTC News: "Intel: Big Winner In The War Between Chromebooks And…" http://t.co/aiYAgc61Fm Board view: https://t.co/GEDBm7zmA7
Seeking Alpha
23 Oct 14 02:18:32
Intel: Big Winner In The War Between Chromebooks And Cheap Windows Notebooks http://t.co/HapaPq3Ie0 $GOOG #GOOGLE $MSFT $SSNLF $INTC
Quantheta
23 Oct 14 02:00:02
#SENTISHIFTUP $FB $MSFT $AAPL $QUAD $BABA $SPY $IWM $NOK $DIA $USD #quantheta
Zonebourse News
23 Oct 14 01:50:08
CAC40 : dans le vert avec l'aide d'un indice PMI. http://t.co/nwoCcsIfAi $DAX $COMP $S500 $DJI $NDX $CAT $ML $GTO $SAF $CPWW $MSFT $BARC
esther garvin
23 Oct 14 01:09:23
RT @ATTBolsa: USA, algunos resultados mañana (A/H): $AMZN #Amazon $ELY Callaway #Golf $MSFT #Microsoft $P #Pandora Media $VRSN #Verisign $G…
Dan Fessler
23 Oct 14 00:58:20
#Buy $DNAX #DNA #Energy #Drinks #New #CEO #Real #Experience > $FNMA $HEMP $PMCM $PHOT $PLPL $CBIS $JPM $GS $MS $TSLA $FB $TWTR $GOOG $MSFT
wininstocks2014
23 Oct 14 00:43:03
MSFT 44.38 Stock Charts $MSFT Microsoft Corp. (NASDAQ) Last Updated: 10/23/2014 02:43:01 MSFT Stock Chart - 1 http://t.co/riWzfjgo4C
FonsieTrader
23 Oct 14 00:27:11
$AAPL Valley man suffers second degree burns from iPhone 6 http://t.co/hQIZCXDzBn $BBRY $GOOG $MSFT $NOK $ERIC $SWKS
Laurent Bakhtiari
22 Oct 14 23:47:34
#Microsoft wird den #Nokia Name für seine #Lumia Handys aufhören, zu nützen. Es ist das Ende einer Äre. $MSFT $NOK #MergersAndAcquisitions
FragIT
22 Oct 14 23:45:12
RT @TweakTown: .@Titanfallgame update arrives today, includes brand new game modes $MSFT, $EA, $SNE http://t.co/fzl7Kz0v6w http://t.co/fV4i…
Jeff Schwartz
22 Oct 14 23:43:30
Wall Street Earnings Due: $CAT $MMM $MSFT $UNP $CMCSA $PHM $RYL $CELG $LLY $UA $AMZN $JNPR and $KLAC #Business
M A J Szymanski
22 Oct 14 23:43:24
$MSFT - Nokia Outlook Bullish As It Swings to Profit http://t.co/CiRjKIAryg
BUZZ Just-In
22 Oct 14 23:43:09
See why these assets are trending in 1 watchlist EURJPY Sensex $MSFT GBP/USD USDCHF http://t.co/o47FCTQW7n
john smith
22 Oct 14 23:42:33
$MSFT - Nokia Outlook Bullish As It Swings to Profit http://t.co/hrySeY7uUn
Live Stock News
22 Oct 14 23:42:03
$MSFT - Nokia Outlook Bullish As It Swings to Profit http://t.co/4jCuMWiITz
matt collom
22 Oct 14 23:41:40
$MSFT - Nokia Outlook Bullish As It Swings to Profit http://t.co/hwqpznQE5b
NASDAQ
22 Oct 14 23:41:18
$MSFT - Nokia Outlook Bullish As It Swings to Profit http://t.co/LnEpCg9jXz
C. Maoxian
22 Oct 14 23:41:11
MT @ajs Amazing that FB only has 7,185 employees. Heard there are more Google job openings than there are FB employees. | & $MSFT just fired
Laurent Bakhtiari
22 Oct 14 23:36:26
#Microsoft va arrêter d'utiliser le nom #Nokia pour ses mobiles #Lumia. C'est la fin d'une ère. $MSFT $NOK #MergersAndAcquisitions
Laurent Bakhtiari
22 Oct 14 23:35:17
#Microsoft is going to stop using the name #Nokia for its Lumia smartphones. That's the end of an era. $MSFT $NOK #MergersAndAcquisitions
Zonebourse News
22 Oct 14 23:30:06
Nokia bat le consensus au T3, relève l'objectif de marge http://t.co/5npdU28y9Z $MSFT $ERICb
4-traders.com
22 Oct 14 23:30:03
Nokia Outlook Bullish As It Swings to Profit http://t.co/owf7IfBHLS $NOK1V $MSFT $EQSE
Zonebourse News
22 Oct 14 23:25:23
CAC40 : ouverture négative en perspective. http://t.co/djI0KZjQX1 $COMP $S500 $DJI $NDX $CAT $RI $ML $GTO $SAF $CS $CPWW $MSFT
Zonebourse News
22 Oct 14 23:25:22
Nokia : relève ses objectifs 2014 après avoir renoué avec les bénéfices au T3 http://t.co/1vGTjbi3KR $MSFT
4-traders.com
22 Oct 14 23:25:07
Microsoft : Lumia is now officially the new name for Nokia http://t.co/nX1hWHrq5j $MSFT $NOK1V
Maria Sanchez
22 Oct 14 23:01:48
RT @Ro_Patel: $GOOG Android 5 Lollipop given visual overhaul, new security features, battery saver mode, 5K APIs, notification controls - $…
4-traders.com
22 Oct 14 23:00:29
Finland's Nokia beats market expectations in third quarter http://t.co/JJPectanwp $FP $APR $MSFT $EQSE $ERICb $NOK1V
[ Microsoft News ]
22 Oct 14 22:49:08
Microsoft announces that it will now charge $9.99 for its previously free music stre... https://t.co/N5QFjxO7r2 $msft http://t.co/4wh6qgue5u
Zonebourse News
22 Oct 14 22:45:05
Nokia affiche un bénéfice plus élevé que prévu http://t.co/vNjs5moTXL $MSFT $NOK1V
Tomás GarcíaPurriños
22 Oct 14 22:34:11
RT @EquityClock: Seasonal charts of companies reporting earnings today $MSFT $AMZN $ALTR $UNP $UAL $RTN $POT $NUE $IMAX $LLY $CAT : http://…
4-traders.com
22 Oct 14 22:30:04
Nokia beats market expectations in third quarter http://t.co/kvESb7Hagn $MSFT $NOK1V $FP $APR $EQSE
TweakTown
22 Oct 14 22:27:07
.@Titanfallgame update arrives today, includes brand new game modes $MSFT, $EA, $SNE http://t.co/fzl7Kz0v6w http://t.co/fV4i3BCufZ
$ trapper $
22 Oct 14 22:22:10
RT @EquityClock: Seasonal charts of companies reporting earnings today $MSFT $AMZN $ALTR $UNP $UAL $RTN $POT $NUE $IMAX $LLY $CAT : http://…
Equity Clock
22 Oct 14 22:18:02
Seasonal charts of companies reporting earnings today $MSFT $AMZN $ALTR $UNP $UAL $RTN $POT $NUE $IMAX $LLY $CAT : http://t.co/NGXF6ogunE
BUZZ Just-In
22 Oct 14 22:13:04
Gain from movement in these buzzing assets $YHOO $Nasdaq $MSFT $FB USDCHF http://t.co/7i4nROV62k
DailyStockPicks
22 Oct 14 22:12:06
Why $MSFT may buy this leading edge #virtualreality chip company. Revenue growth of 170%, margins 80%: http://t.co/s3Pai7Fx89 #stocks
Joshua Payne
22 Oct 14 22:10:18
@DosEquis @fazoinnorcal I Don't Normally Play Stocks, But When I Do It's the Core5,IMO $FB $TWTR $AAPL $GOOGL $MSFT Lmao ;)
DebtCliff
22 Oct 14 21:41:47
Published $MSFT estimate on Estimize: +0.06 EPS and +194.02M Revs compared to Wall Street's consensus. http://t.co/4RWXTgnfcT
Kevin Abian
22 Oct 14 21:40:06
RT @TweakTown: .@Microsoft shows off the latest trailer for @Halo: #Nightfall TV series $MSFT http://t.co/baH8IK8ETT http://t.co/yHx1wlxPtR
Ro Patel
22 Oct 14 21:39:23
Why is $MSFT Garage making cool apps for $GOOG Android & not for Win8 OS?? http://t.co/PoZZfnRdmF
TweakTown
22 Oct 14 21:37:15
.@Microsoft shows off the latest trailer for @Halo: #Nightfall TV series $MSFT http://t.co/baH8IK8ETT http://t.co/yHx1wlxPtR
Stock Wire
22 Oct 14 21:33:11
Microsoft Corporation replacing Nokia Lumia name $MSFT http://t.co/wMc8c0iK6w
Bidness Etc
22 Oct 14 21:30:16
Microsoft has started the process of rebranding phones from its recently acquired Nokia handset unit http://t.co/DzMtkdFUso $MSFT $NOK
Ro Patel
22 Oct 14 21:28:39
Request invite to new email app by $GOOG by emailing inbox@google.com - http://t.co/vcOLZAArWi - $YHOO $MSFT $AAPL $CMCSA $T $VZ $S $TWC
Frank Bertini
22 Oct 14 21:23:47
Busy day for #Tech and #MFG Earnings AM - $MMM $ARG $CCMP $CAT $DAI $UNP $RS $SLAB $RVBD $NUE PM - $AMZN $CBI $FSL $KLAC $MSFT
Frederick Tremblay
22 Oct 14 21:12:05
Published $MSFT estimate on Estimize: +0.03 EPS and +262.02M Revs compared to Wall Street's consensus. http://t.co/J6NJZdBvDG
CSIMarket.com
22 Oct 14 21:07:45
Microsoft $MSFT scheduled first quarter earnings release: Microsoft one of the leading companies within Soft... http://t.co/CjNlauwdlk
Hereitfirst
22 Oct 14 21:02:25
how to trade $BAC $NOK $BSX $PBR $RF $PFE $EMC $KO $AA $YHOO $AAPL $TVIX $FB $XIV $MSFT $INTC $MU $CSCO $CMCSA http://t.co/uTZpFW8a4K
John Michael
22 Oct 14 20:51:33
RT @SeekingAlpha: IBM Has The Chance To Finally Create A Coherent Cloud Revenue Statement http://t.co/Xui4CsI79G $AMZN $MSFT $GOOG $GOOGL $…
Alysia Sarkisian
22 Oct 14 20:50:39
RT @SeekingAlpha: IBM Has The Chance To Finally Create A Coherent Cloud Revenue Statement http://t.co/Xui4CsI79G $AMZN $MSFT $GOOG $GOOGL $…
				
				
  +Follow August 23, 2013 11:00AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.