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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)

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.


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Results for MSFT
FinanzLinksUSA
27 Jan 15 05:59:20
RT @bespokeinvest: Microsoft's comeback story of 2014 is about to get washed away with one January 2015 morning. $MSFT
Jeff Lee
27 Jan 15 05:59:02
RT @daytradingninja: Today's Chatter: $MSFT $CAT $KND $BMY $MMM $UTX $DU $PG $PFE $GLW 2015.01.27
max_power84
27 Jan 15 05:58:59
RT @bespokeinvest: Microsoft's comeback story of 2014 is about to get washed away with one January 2015 morning. $MSFT
LAX_Vol
27 Jan 15 05:58:56
Sell Mortimer, sell!!! $MSFT loses money on FX and $CAT loses money on oil and durables have perished! Selllllllll!!!! #Sarcasm
Mark
27 Jan 15 05:58:40
Morning people! Watching $MSFT $AAL $CAT $FCX $UTX $NVS $PHG this a.m. Happy trading
Jea Yu
27 Jan 15 05:58:23
$MSFT chart http://t.co/OH8wj8EFv0 added another fib study which adds 42.71 super fib area
Almost a Trader
27 Jan 15 05:57:59
Watching: $MSFT $CAT $AAL $PG - 2nd Watch - $BOX $FCX $GLW $HABT $PKG - $SOCL stocks - $FB $P $TWTR $GPRO #Stocksinplay #Scanning
Daily Stocks News
27 Jan 15 05:57:57
RT @YahooFinance: Early movers: $FB, $MSFT, $PG, $PFE, $CAT & more http://t.co/u2yrLwzvyI
Alpha Maven
27 Jan 15 05:57:55
RT @MaxGanik: There is literally not one stock that is up on earnings. Every stock tanked, $MMM, $DD, $PG, $FCX, $CAT, $AAL, $MSFT
d0ke
27 Jan 15 05:57:33
$MSFT s38.5 s42 r45, guided next Q rev lower. http://t.co/JhCYEK5xKj
Aaron Pressman
27 Jan 15 05:57:32
RT @bespokeinvest: Microsoft's comeback story of 2014 is about to get washed away with one January 2015 morning. $MSFT
PAV1in
27 Jan 15 05:57:04
RT @WrigleyTom: $MSFT 43.00, -$4.01 or -8.5% (at 8:55 a.m.) Analyst Coverage, today | courtesy @RatingsNetwork http://t.co/sqiOcvAoat
Bridget
27 Jan 15 05:57:04
RT @bespokeinvest: Microsoft's comeback story of 2014 is about to get washed away with one January 2015 morning. $MSFT
Stockjock
27 Jan 15 05:56:51
RT @RevShark: Lucky for the $DJIA that $CAT and $MSFT aren't higher priced. The idiotic price weighting will misrepresent the real damage.
Bespoke
27 Jan 15 05:56:50
Microsoft's comeback story of 2014 is about to get washed away with one January 2015 morning. $MSFT
RacingFan ✏️
27 Jan 15 05:56:49
$MSFT downgraded by Nomura from Buy to Neutral downgraded by Citigroup from Neutral to Sell
The Legacy News
27 Jan 15 05:56:26
Microsoft PT Lowered to $52.00 at Piper Jaffray $MSFT http://t.co/jCJYNJdeI1
Tom Wrigley
27 Jan 15 05:56:06
$MSFT 43.00, -$4.01 or -8.5% (at 8:55 a.m.) Analyst Coverage, today | courtesy @RatingsNetwork http://t.co/sqiOcvAoat
Michael Hurt
27 Jan 15 05:55:23
RT @MaxGanik: There is literally not one stock that is up on earnings. Every stock tanked, $MMM, $DD, $PG, $FCX, $CAT, $AAL, $MSFT
Firuz Shukurov
27 Jan 15 05:55:12
RT @YahooFinance: Early movers: $FB, $MSFT, $PG, $PFE, $CAT & more http://t.co/u2yrLwzvyI
Lance Maxwell
27 Jan 15 05:55:12
Premarket movers: $MSFT -8%, $CAT -8%, $UTX -4%
Media Sentiment
27 Jan 15 05:55:05
$MSFT received a new alert. Find out why at http://t.co/5lwmDm2SCs #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 228
Stock Status
27 Jan 15 05:55:05
Trending $AAPL $MSFT $CAT $AAL $SPY $FCX $PG $UVXY $BMY get the details - http://t.co/z2NRKhR4wr
Joe McCann
27 Jan 15 05:54:59
RT @MaxGanik: There is literally not one stock that is up on earnings. Every stock tanked, $MMM, $DD, $PG, $FCX, $CAT, $AAL, $MSFT
Shark
27 Jan 15 05:54:33
RT @KeithMcCullough: $CAT -8%, $MSFT -8%, $FCX -4%
Jea Yu
27 Jan 15 05:54:22
$MSFT chart http://t.co/ZpiJho0A90 $40.96 super fib bumper area to watch
Penny Stock Secret
27 Jan 15 05:54:04
This Guy Turned $100 into over $10,000 In Just 30 Days! http://t.co/vezCDY95do .. $NTEK $MSFT $MWIP
Georgetown Jack
27 Jan 15 05:53:52
With $MSFT down 8%+ prepare for a blizzard of stories about how much money Gates just lost...#SWIDT
Gr8wklyoptions
27 Jan 15 05:53:01
$MON $MOS $MS $MSFT $NFLX $PANW $PCLN $QCOM $QQQ $SBUX $SLB $SNDK $SPY $TLT $TSLA $TWTR $USO $V $VXX $XOM $YHOO
HCPG
27 Jan 15 05:53:00
RT @MaxGanik: There is literally not one stock that is up on earnings. Every stock tanked, $MMM, $DD, $PG, $FCX, $CAT, $AAL, $MSFT
Greg
27 Jan 15 05:52:49
Big misses everywhere today, but we have some #tradeideas this morning. http://t.co/ku3uihVHf3 $MSFT $CAT #oil
David Laurent
27 Jan 15 05:52:15
RT @MaxGanik: There is literally not one stock that is up on earnings. Every stock tanked, $MMM, $DD, $PG, $FCX, $CAT, $AAL, $MSFT
FonsieTrader
27 Jan 15 05:52:05
"@1nvestor: $MSFT is now down 8.5% to $43"
TakingStock614
27 Jan 15 05:52:01
GM Folks! Markets slated for huge gap down open as several large caps miss earnings $CAT $MSFT $MMM $PG.
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27 Jan 15 05:51:57
RT @Benzinga: 'Facebook At Work' To Enter The Office Space $FB $IBM $MSFT http://t.co/h2ZmqTHgW8 @laurabsaid http://t.co/BG5miQMKZe
DayTrading Ninja
27 Jan 15 05:51:55
Today's Chatter: $MSFT $CAT $KND $BMY $MMM $UTX $DU $PG $PFE $GLW 2015.01.27
d0ke
27 Jan 15 05:51:47
PM movers with $MSFT $CAT and $AAPL http://t.co/vZRvKWjSRU
Dan Rosenblum
27 Jan 15 05:51:37
RT @MaxGanik: There is literally not one stock that is up on earnings. Every stock tanked, $MMM, $DD, $PG, $FCX, $CAT, $AAL, $MSFT
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27 Jan 15 05:51:13
$MSFT is now down 8.5% to $43
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$MSFT $SAP: Oracle Corporation (ORCL) And SAMSUNG ELECT LTD(F)(SSNLF ...: http://t.co/5BVVOhGWGO
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27 Jan 15 05:51:02
RT @andrewhorowitz: $CAT $MSFT - markets wanted to ignore currency headwinds .... Wake up!!
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27 Jan 15 05:50:50
Apple In New Security Concessions To Beijing. $AAPL, $GOOG, $MSFT. http://t.co/LVZyEqmJVA http://t.co/w10JpdjxuQ
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27 Jan 15 05:50:40
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Quantpost Technology
27 Jan 15 05:50:00
$MSFT News: "Citi Cuts Rating On Microsoft Following Earnings $MSFT Shares are…" http://t.co/zEoBQ8hq39 Board view: https://t.co/fo8IGsVoL0
Benzinga.com
27 Jan 15 05:49:58
Citi Cuts Rating On Microsoft Following Earnings $MSFT http://t.co/lGgscUilMJ Shares are down 8.5% #premarket
BuckarooTrades
27 Jan 15 05:49:51
RT @MaxGanik: There is literally not one stock that is up on earnings. Every stock tanked, $MMM, $DD, $PG, $FCX, $CAT, $AAL, $MSFT
Max
27 Jan 15 05:48:52
$MSFT.. how low it can go
Bill Riske
27 Jan 15 05:48:30
RT @David_Kudla: More companies today citing strong dollar impact on earnings weakness & downgrades to forward guidance. 12pm ET @CNBCFastM…
VictoryTrader
27 Jan 15 05:48:21
$MSFT http://t.co/XaWwNqRlME
Analyst Ratings
27 Jan 15 05:48:21
Microsoft's PT cut by Piper Jaffray to $52.00. overweight rating. http://t.co/SMuVtrrDTv $MSFT #MSFT
				
				
  +Follow August 23, 2013 11:00AM
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