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 as a contributor and get eyeballs on your content FOR FREE!

Results for MSFT
Sam McNeil
27 Aug 14 02:47:33
RT @daily_finance: How Microsoft avoids paying $29 billion in U.S. taxes http://t.co/3xynBBoXXy $MSFT
Business News Watch
27 Aug 14 02:34:25
$MSFT: [$$] China's Microsoft Probe Looks at Media Player, Browser Distribution http://t.co/j6QliTdOyA http://t.co/VU6IU0LTWg
Stock Market Monitor
27 Aug 14 01:34:30
$MSFT: Microsoft Corporation (MSFT) Under Radar for Antitrust Law Violation in China http://t.co/tCtG59PI9Y http://t.co/xfFewyh1sR
Stockaholics
27 Aug 14 01:22:04
We are Releasing a SECRET Penny Stock Pick Today! Get it early: https://t.co/pOvMqLbReN $MSFT $ORCL $VOD
Stockaholics
27 Aug 14 01:17:36
We are Releasing a SECRET Penny Stock Pick Today! Get it early: https://t.co/pOvMqLbReN $XLF $F $FN $MSFT
Android NO
27 Aug 14 01:01:10
RT @markzawacki: Headcount, revenue per employee, profit per employee $IBM $ORCL $MSFT $GOOG $AAPL http://t.co/dDeeosMJz6
BUZZ Just-In
27 Aug 14 00:57:08
Don't ignore transactions costs- they add up- US Tech Giants http://t.co/TPs272NYdZ $MSFT $TWTR $AAPL $FB $GOOG #spreadbetting #cfd
Stockaholics
27 Aug 14 00:54:36
We are Releasing a SECRET Penny Stock Pick Today! Get it early: https://t.co/pOvMqLbReN $NTEK $MSFT $MWIP
BUZZ Just-In
27 Aug 14 00:42:07
Monitor your watchlist of assets for tweets- US Tech Giants http://t.co/QnTy4vuEs5 $MSFT $TWTR $AAPL $FB $GOOG
Dow Stocks
27 Aug 14 00:23:42
#Dow #stocks $MSFT Microsoft Daily:-0.37% Weekly:-0.72% YTD:22.06% Trend:48 / 100 http://t.co/Aq4u1S72Eu
Ruben Marante
27 Aug 14 00:12:09
RT @PakBenikasim: $MSFT Microsoft is standing over a 13year box.MACD is making new monthly high.Maybe will zigzag but is a buy here spx htt…
Market Compass
26 Aug 14 23:34:28
$MSFT: VMware plan to shelve long-term guidance hits stock http://t.co/VTFoZrJqdT http://t.co/zzG9FMrwWZ
FinancePress
26 Aug 14 23:15:58
$MSFT Report: Microsoft shifting to faster updates after Windows 9 (MSFT): Report: Microsoft shifting to fast... http://t.co/bEcYKR4UXT
Market Headlines
26 Aug 14 22:45:50
$MSFT: Report: Microsoft shifting to faster updates after Windows 9 (MSFT) http://t.co/jMGxSnGnkC http://t.co/7tpftranLe
Stock Wire
26 Aug 14 22:44:51
Report: Microsoft shifting to faster updates after Windows 9 (MSFT) $MSFT http://t.co/zZEKvUHyS8
Business News Watch
26 Aug 14 22:34:26
$MSFT: Use a Windows phone? Here's some good news http://t.co/5ieYi7dVZJ http://t.co/bCR94BNDXP
LloydCreekStocks
26 Aug 14 22:23:28
Is Microsoft Ready To Pay Out? $MSFT $AAPL $GOOGL $GOOG http://t.co/WH5wwYiTAP
CloudMakerBrian
26 Aug 14 21:55:02
$msft reminds us migrate to Linux "@windowsserver: #WinServ 2003 support ends July 2015- Takes 300+ days to migrate servers #LeadITnow"
PredictWallStreet
26 Aug 14 21:00:20
The PWS Poll Results for $MSFT, 8/28/2014, are: 73% up. See more at: http://t.co/FlCTkj04HS, @Stock_Sentiment
Patrick
26 Aug 14 21:00:04
10 + Sentiment Shifted Stocks: $GSK $TGT $ENPH $AUD $NEWS $BA $MSFT $AMGN $BIIB $MNKD
Tom Pluym
26 Aug 14 20:46:05
RT @markzawacki: Headcount, revenue per employee, profit per employee $IBM $ORCL $MSFT $GOOG $AAPL http://t.co/dDeeosMJz6
Wall Street Monitor
26 Aug 14 20:41:05
$MSFT: Can Microsoft Corporation Really Sell 5 Million Xbox One Consoles in China? http://t.co/CiyWosfu8D http://t.co/u7gQ0Hc1jS
Stock Wire
26 Aug 14 20:38:47
Can Microsoft Corporation Really Sell 5 Million Xbox One Consoles in China? $MSFT http://t.co/yV7OsjOQvp
Jesus Cryptos
26 Aug 14 20:37:11
RT @Bidnessetc: Chinese regulators allegedly uncover lack of information transparency in Microsoft software sales data http://t.co/vGxqDaa6…
Market Updates
26 Aug 14 20:34:35
$MSFT: VMware plan to shelve long-term guidance hits stock http://t.co/iV6TfM4aPn http://t.co/7hGL9bsm0l
Bidness Etc
26 Aug 14 20:30:02
Chinese regulators allegedly uncover lack of information transparency in Microsoft software sales data http://t.co/vGxqDaa6Il $MSFT
BUZZ Just-In
26 Aug 14 20:26:57
Compare brokers to find the right one for you- US Tech Giants http://t.co/TPs272NYdZ $MSFT $TWTR $AAPL $FB $GOOG #spreadbetting #cfd
Patrick
26 Aug 14 20:00:06
10 + Sentiment Shifted Stocks: $GSK $TGT $ENPH $AUD $BA $NEWS $MSFT $AMGN $BIIB $MNKD
Carolyn B Miciano
26 Aug 14 19:57:56
The most advanced options strategies http://t.co/LWfH9pz2fJ $IBM $MSFT $HPQ
Wall Street News
26 Aug 14 19:34:27
$MSFT: Can Microsoft Corporation Really Sell 5 Million Xbox One Consoles in China? http://t.co/YNtAFWZnr2 http://t.co/RHmPpJU5ep
Dan
26 Aug 14 19:30:09
$MSFT high open interest range is 42.50 to 46.00 for option expiration 08/29/2014. http://t.co/2DDSnS3H8M
Eli Pritsker
26 Aug 14 19:26:09
RT @Patrick97398715: 10 + Sentiment Shifted Stocks: $GSK $ENPH $TGT $AUD $BA $NEWS $AMGN $BIIB $XNPT $MSFT
Momentum Stocks
26 Aug 14 19:09:52
large cap positions $SPY $AAPL $BAC $INTC $MSFT $TSLA $QQQ $SPX $GOOGL http://t.co/FfBh94ru5m
strader55
26 Aug 14 19:06:21
nlightn: $MSFT,...Report: Microsoft shifting to faster updates after Windows 9 http://t.co/hGDuwMAi4W
Dan
26 Aug 14 19:01:22
$MSFT Max Pain = 45.00. Maturity = 08/29/2014. Previous close = 45.01. http://t.co/q8dGYWr4cE
Patrick
26 Aug 14 19:00:04
10 + Sentiment Shifted Stocks: $GSK $ENPH $TGT $AUD $BA $NEWS $AMGN $BIIB $XNPT $MSFT
BUZZ Just-In
26 Aug 14 18:56:53
You could be paying 5x higher spreads for US Tech Giants http://t.co/TPs272NYdZ $MSFT $TWTR $AAPL $FB $GOOG #spreadbetting #cfd
gordon gekko is god
26 Aug 14 18:56:45
Can Windows 9 Help Microsoft Win Back Lost Customers? http://t.co/8jbIdsGpNR $MSFT
gordon gekko is god
26 Aug 14 18:55:49
Is Microsoft Ready To Pay Out? http://t.co/CIFjsKc891 $MSFT, $AAPL, $GOOGL, $GOOG
gordon gekko is god
26 Aug 14 18:54:13
Report: Microsoft shifting to faster updates after Windows 9 http://t.co/P5KxplVWKi $MSFT
Alisa Strategy®
26 Aug 14 18:52:55
#FTR1 ****ALERTA BAJISTA INTRADIA**** $MSFT MICROSOFT CORPORATION SOPORTE INTRADIA $44.41
gordon gekko is god
26 Aug 14 18:52:18
Amazon's AWS Vs.Microsoft's Azure: A Reversal Of Roles Coming Soon? http://t.co/nONGaFHs2Z $AMZN, $MSFT
gordon gekko is god
26 Aug 14 18:51:50
Can Microsoft Thrive In A Mobile World? http://t.co/kzqJaDCL2F $MSFT, $APPL, $CRM, $GOOGL, $ORCL, $GOOG
Domonique Leahy
26 Aug 14 18:51:31
$MSFT Microsoft's Surface 2 http://t.co/EpaxpPSD0d
Ram Sundaram
26 Aug 14 18:49:19
RT @aarongraves: You need look no further than, say, $MSFT in the 90's to see how those who practice greed & aggression eat the lunches of …
Matt Soleyn
26 Aug 14 18:48:57
A8. Two good ways to share ideas: Salesforce .com Chatter and Microsoft Yammer. $CRM $MSFT #CustServ
Perfor Mance
26 Aug 14 18:39:16
Option Millionaires: nlightn: $MSFT,...Report: Microsoft shifting to faster updates after Windows 9 http://t.co/UE0Q778YS9
Elizebeth Song
26 Aug 14 18:39:12
Bill Gates and his wif $MSFT http://t.co/9fEcTuQz8m
Dan Smith
26 Aug 14 18:13:23
@BloombergNews amazon acquired the next $MSFT
Rob Kornblum
26 Aug 14 18:07:38
RT @markzawacki: Headcount, revenue per employee, profit per employee $IBM $ORCL $MSFT $GOOG $AAPL http://t.co/dDeeosMJz6
				
				
  +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.