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Steve Ballmer is Stepping Down from Microsoft

  +Follow August 23, 2013 11:00AM
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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)

Results for MSFT
Steve Wakelin
20 Apr 14 13:37:49
RT @JPDesloges: Fibonacci Technical Levels $LNKD, $MSFT, $NFLX, $TSLA http://t.co/dNkum0xmSr
Stockaholics
20 Apr 14 13:28:17
Our Penny Stock Newsletter Picks, gained 5,000% in 4 months! Subscribe Today: http://t.co/5B5saivZk0 $XLF $F $FN $MSFT
Greg
20 Apr 14 13:09:41
#Buy $DNAX #DNA #Energy #Drinks #New #CEO #Real #Experience > $FNMA $HEMP $PMCM $PHOT $PLPL $CBIS $JPM $GS $MS $TSLA $FB $TWTR $GOOG $MSFT
Ram Ahuwalia
20 Apr 14 13:09:39
The race for practical AI is on http://t.co/dp2LzLS5pJ $MSFT $GOOG $IBM $APPL $FB
Financial Iceberg
20 Apr 14 13:08:10
Fibonacci Technical Levels $LNKD, $MSFT, $NFLX, $TSLA http://t.co/dNkum0xmSr
Informer
20 Apr 14 13:06:05
$MSFT: Nadella: Microsoft needs a data culture http://t.co/hjabMSgO0L
Stockviser Tech
20 Apr 14 13:05:21
Microsoft claims its Cortana virtual PA is better than Siri or Google Now. But who uses @WindowsPhone anyway? http://t.co/l1p15Q96RB $MSFT
Stockaholics
20 Apr 14 13:03:25
Our Penny Stock Newsletter Picks, gained 5,000% in 4 months! Subscribe Today: http://t.co/5B5saivZk0 $NTEK $MSFT $MWIP
Zal Bilimoria
20 Apr 14 13:00:20
RT @howardlindzon: Commented on StockTwits: indeed "@HCPG: Huge week for earnings: $NFLX $VMW $GILD $AAPL $FB $QCOM $FFIV $MSFT $AM... htt…
howardlindzon
20 Apr 14 12:53:31
Commented on StockTwits: indeed "@HCPG: Huge week for earnings: $NFLX $VMW $GILD $AAPL $FB $QCOM $FFIV $MSFT $AM... http://t.co/tmYC7qNc4j
StockNews24
20 Apr 14 12:51:34
$MSFT - Nadella: Microsoft needs a data culture -> http://t.co/yb2anwEiQP #stock #stocks #stockaction
Brandon R
20 Apr 14 12:22:48
RT @PennyStockSavvy: ALERT: This weeks pick is $VTPI we are expecting 1,000%+ gains tomorrow morning! | $AAPL $GOOG $TWTR $NKE $GILD $MSFT …
kevin morris
20 Apr 14 12:16:42
$MSFT Concedes Chromebooks Are Work-Worthy http://t.co/ziduk5DTfW weening itself off of #Windows ???
HCPG
20 Apr 14 12:02:42
Huge week for earnings: $NFLX $VMW $GILD $AAPL $FB $QCOM $FFIV $MSFT $AMZN $BIDU $V $UA $WYNN $LVS $CAT to name a few
GavinGreenberg
20 Apr 14 12:02:09
$MSFT: Can Apple Inc. Finally Ditch Google? http://t.co/3e6bosCL7G
Steven Santos
20 Apr 14 12:00:05
Looking forward for a busy week in #equities: earnings from $AAPL, $MSFT and $MCD. In #PSI20 we're having $BPI and $PTI
Stephen Ray
20 Apr 14 11:45:12
RT @PennyStockSavvy: ALERT: This weeks pick is $VTPI we are expecting 1,000%+ gains tomorrow morning! | $AAPL $GOOG $TWTR $NKE $GILD $MSFT …
HappyPennyStocks
20 Apr 14 11:44:27
RT @PennyStockSavvy: ALERT: This weeks pick is $VTPI we are expecting 1,000%+ gains tomorrow morning! | $AAPL $GOOG $TWTR $NKE $GILD $MSFT …
smtrader StockTrader
20 Apr 14 11:37:50
posted earlier>>expecting $DJIA to make a new ATH? http://t.co/nK4F0c67vx $SPX $UTX $MSFT $MRK $MMM $KO $INTC $DD $STUDY
Stock Herald
20 Apr 14 11:33:35
$MSFT: Can Apple Inc. Finally Ditch Google? http://t.co/yCAWVchHYG
StockNews24
20 Apr 14 11:21:20
$MSFT - Can Apple Inc. Finally Ditch Google? -> http://t.co/MuQH6xKKaU #stock #stocks #stockaction
Penny Stocks Savvy
20 Apr 14 11:18:13
ALERT: This weeks pick is $VTPI we are expecting 1,000%+ gains tomorrow morning! | $AAPL $GOOG $TWTR $NKE $GILD $MSFT $ATVI
Stock Herald
20 Apr 14 11:12:06
$MSFT: How Microsoft Created A Virtual Assistant That Could Blow Siri Away http://t.co/Gd1zGHWaHK
howardlindzon
20 Apr 14 11:06:26
@odroaddriver i think $msft and $aapl are pretty good as our utility stocks right now. I own $GRID
Jerry
20 Apr 14 10:38:23
#Buy $DNAX #DNA #Energy #Drinks #New #CEO #Real #Experience > $FNMA $HEMP $PMCM $PHOT $PLPL $CBIS $JPM $GS $MS $TSLA $FB $TWTR $GOOG $MSFT
gordon gekko is god
20 Apr 14 10:29:04
The Nokia X Goads Google To Work On A $100 Nexus http://t.co/LyowPmAAQW $NOK, $GOOG, $MSFT
gordon gekko is god
20 Apr 14 10:27:38
Coca-Cola Or Microsoft? http://t.co/aiu1JqfQKD $KO, $MSFT
Informer
20 Apr 14 10:06:36
$MSFT: How Microsoft Created A Virtual Assistant That Could Blow Siri Away http://t.co/QZtFbN9xa3
Stockaholics
20 Apr 14 10:04:33
Our Penny Stock Newsletter Picks, gained 5,000% in 4 months! Subscribe Today: http://t.co/5B5saivZk0 $XLF $F $FN $MSFT
Stockaholics
20 Apr 14 09:35:57
Our Penny Stock Newsletter Picks, gained 5,000% in 4 months! Subscribe Today: http://t.co/5B5saivZk0 $NTEK $MSFT $MWIP
GavinGreenberg
20 Apr 14 09:33:05
$MSFT: How Microsoft Created A Virtual Assistant That Could Blow Siri Away http://t.co/yKmwNmIibK
Gold-prediction.com
20 Apr 14 09:30:48
Best Dividend Stocks Based on Algorithms: 15.73% Gain in 3 Months! http://t.co/0si3FwLpPz #investment #stockmarket #nasdaq $MSFT $TEVA $DD
Currency-prediction
20 Apr 14 09:30:45
Best Dividend Stocks Based on Algorithms: 15.73% Gain in 3 Months! http://t.co/Pb11WU1rHU #investment #stockmarket #nasdaq $MSFT $TEVA $DD
I Know First
20 Apr 14 09:30:41
Best Dividend Stocks Based on Algorithms: 15.73% Gain in 3 Months! http://t.co/9i3smMBrd4 #investment #stockmarket #nasdaq $MSFT $TEVA $DD
Leighton Aldaine
20 Apr 14 09:29:02
Todays movers to research $MSFT $HCA $NBL $CBM #money http://t.co/pPX9g0YjEn
Scott Spencer
20 Apr 14 09:26:02
$MSFT Move over Siri, here comes Cortana... http://t.co/w1jUABHDTR
StockNews24
20 Apr 14 09:21:24
$MSFT - How Microsoft Created A Virtual Assistant That Could Blow Siri Away -> http://t.co/oycZlGOo5a #stock #stocks #stockaction
GavinGreenberg
20 Apr 14 09:17:06
$MSFT: Coca-Cola Or Microsoft? http://t.co/99Xe6jIpNA
GavinGreenberg
20 Apr 14 09:17:06
$MSFT: Microsoft Tells Us How It Created The Virtual Assistant That Could Blo... http://t.co/yKmwNmIibK
4-traders.com
20 Apr 14 09:10:02
Microsoft : Dubai SME And Microsoft Host Seminar On Cloud Computing To Help SMEs Enhance ICT Capabilities http://t.co/JOUwZNZS2Y $MSFT
Daniel Blanco
20 Apr 14 09:01:58
RT @veesahni: #api #protip: always explicitly handle cache headers! IE11 will fake 304 responses if your API doesn't no-cache #thx $MSFT
Eric Kpakpo Addo
20 Apr 14 09:01:57
The Nokia X Goads Google To Work On A $100 Nexus http://t.co/W01aSgcftb $NOK, $GOOG, $MSFT
Eric Kpakpo Addo
20 Apr 14 09:01:32
The Nokia X Goads Google To Work On A $100 Nexus http://t.co/Mwpu5Dk6pv $NOK, $GOOG, $MSFT
David Taylor
20 Apr 14 08:23:20
Best Dividend Stocks $MSFT up +10% since this signal: http://t.co/elDbZj7aRc , $COP is up +5% in the period $SPY $SPX $AAPL
Don Right
20 Apr 14 08:22:34
Best Dividend Stocks $MSFT up +10% since this signal: http://t.co/lODf8vGnnk , $COP is up +5% in the period $SPY $SPX $AAPL
Gary Thomson
20 Apr 14 08:21:44
Best Dividend Stocks $MSFT up +10% since this signal: http://t.co/VW5rad3XDm , $COP is up +5% in the period $SPY $SPX $AAPL
Gary Thomson
20 Apr 14 08:18:45
Best Dividend Stocks $MSFT up +10% since this signal: http://t.co/VwLKtUPs9R , $COP is up +5% in the period $SPY $SPX $AAPL
Zonebourse News
20 Apr 14 08:15:03
Wall Street se prépare à un déluge de résultats http://t.co/0wUynFjvaQ $MCD $T $YUM $AAPL $MSFT $NFLX $QCOM $FB $BIIB $GILD $ILMN $IBM
Eve
20 Apr 14 08:08:41
#Buy $DNAX #DNA #Energy #Drinks #New #CEO #Real #Experience > $FNMA $HEMP $PMCM $PHOT $PLPL $CBIS $JPM $GS $MS $TSLA $FB $TWTR $GOOG $MSFT
				
				
  +Follow August 23, 2013 11:00AM
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