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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)

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Results for MSFT
WLST.com
28 Apr 15 12:49:36
3 Dividend Stocks That Continue to Provide - TickerLens $MSFT #Microsoft,MSFT http://t.co/S6DviI426U http://t.co/kn6GO4P7Aj
WLST.com
28 Apr 15 12:49:29
Microsoft's retail store coming to Easton - TickerLens $MSFT #Microsoft,MSFT http://t.co/S6DviI426U http://t.co/iHNLYg9Nmj
RockyinTX
28 Apr 15 12:47:40
RT @MattRosoff: Thanks for the afternoon adrenaline surge, $TWTR! Haven't had one of these since $MSFT a few years back....
TickerLens Microsoft
28 Apr 15 12:47:17
3 Dividend Stocks That Continue to Provide http://t.co/ilLzBpXQ8X $MSFT
TickerLens Microsoft
28 Apr 15 12:47:17
Microsoft’s retail store coming to Easton http://t.co/vScKpgpINu $MSFT
James DiPlata
28 Apr 15 12:47:03
RT @SeekingAlpha: Tencent Debt Load Grows With $10 Billion Bond Program http://t.co/Te26FHjHC5 $BIDU $BABA $MSFT $AMZN $TCEHY
Trading Hub
28 Apr 15 12:46:38
+$1.4k realized today.. 4 winners.. 1 small loser.. $AAPL $COH $MSFT.. Easy peasy in chat..
Zippy
28 Apr 15 12:46:22
Who has the long old tech ($ibm, $msft) and short new tech ($fb, $twtr) pair trade on?
Matt Rosoff
28 Apr 15 12:46:17
Thanks for the afternoon adrenaline surge, $TWTR! Haven't had one of these since $MSFT a few years back....
Scott Hartley
28 Apr 15 12:38:53
RT @kimonolabs: Compare $aapl, $msft & any public cos stock #data with our brand new SEC Filings #API #fintech http://t.co/oQhcbADJBX http:…
CBOE TV
28 Apr 15 12:38:20
Most active options: $T, $MSFT at record highs, $TWTR earnings, $BAC, $AAPL 1.5 million option contracts at mid-day http://t.co/WKbYyb28rf
InsiderTradingWire
28 Apr 15 12:38:08
$MSFT | Microsoft Corpora is up 17% since we reported $42,477,246 of insider buying on 02/04/2015. Did you ... - http://t.co/y2BnaeqxeK
Pieter Tobback
28 Apr 15 12:38:01
Somebody wants to join the party again... $MSFT http://t.co/VSP6kp23WD
Antoine Gara
28 Apr 15 12:36:38
RT @richardbeales1: Re $TWTR earnings "leak" - per Forbes, Selerity did this before with $MSFT guessing the earnings URL http://t.co/yvMYUc…
Betty
28 Apr 15 12:36:32
Hey @dickc read the last line How Selerity Got Microsoft's Earnings Early http://t.co/8eGmC4v9O6 $twtr $msft
robert cyran
28 Apr 15 12:36:21
RT @richardbeales1: Re $TWTR earnings "leak" - per Forbes, Selerity did this before with $MSFT guessing the earnings URL http://t.co/yvMYUc…
Invested Millennial
28 Apr 15 12:35:58
Explosive move higher in $MSFT over the past few weeks. Up almost 25% in 4 weeks. Who says blue chips are boring?
Estimize
28 Apr 15 12:33:38
@TrembFredrick The WS consensus for $MSFT Q4 2015 has shifted significantly downwards - http://t.co/5cE576HOga
Brandon
28 Apr 15 12:32:57
RT @OpenOutcrier: FWIW @selerity did this to $MSFT in 2011 http://t.co/alGhgplNjy
Nicholas
28 Apr 15 12:32:37
RT @OpenOutcrier: FWIW @selerity did this to $MSFT in 2011 http://t.co/alGhgplNjy
shmittahcapital
28 Apr 15 12:32:25
RT @OpenOutcrier: FWIW @selerity did this to $MSFT in 2011 http://t.co/alGhgplNjy
Hammer D. Lane
28 Apr 15 12:32:12
$MSFT long. Bull run may be just beginning imo.
Seth Goon
28 Apr 15 12:31:56
RT @OpenOutcrier: FWIW @selerity did this to $MSFT in 2011 http://t.co/alGhgplNjy
Open Outcrier
28 Apr 15 12:31:46
FWIW @selerity did this to $MSFT in 2011 http://t.co/alGhgplNjy
Nick Jacob
28 Apr 15 12:31:06
RT @richardbeales1: Re $TWTR earnings "leak" - per Forbes, Selerity did this before with $MSFT guessing the earnings URL http://t.co/yvMYUc…
Alpha Maven
28 Apr 15 12:31:01
RT @InvestorsLive: Remember this for your next trade ... http://t.co/SGpEJOWfm2 $CALI $AMCN $HZNP $MSFT $CLNE #stocks #daytrading http://t…
Kselfmade
28 Apr 15 12:29:58
RT @InvestorsLive: Remember this for your next trade ... http://t.co/SGpEJOWfm2 $CALI $AMCN $HZNP $MSFT $CLNE #stocks #daytrading http://t…
Estimize
28 Apr 15 12:28:39
@macol30 The WS consensus for $MSFT Q4 2015 has shifted significantly downwards - http://t.co/5cE576HOga
Richard Beales
28 Apr 15 12:26:31
Re $TWTR earnings "leak" - per Forbes, Selerity did this before with $MSFT guessing the earnings URL http://t.co/yvMYUcCivU
David Gaffen
28 Apr 15 12:26:26
@AllenCo @DougKass Unclear. Selerity did this w/ $MSFT in 2011. They trawl thru websites and every so often hit on one.
Will
28 Apr 15 12:26:19
$MSFT running_Bought on Earnings; IMO will run Bc of large float, it will take a while for big financial firms to purchase blocks of shares
Quantpost $MSFT
28 Apr 15 12:23:18
$MSFT News: "Tencent Debt Load Grows With $10 Billion Bond Program $BIDU $BABA …" http://t.co/wT1Xy5z1yg Analyze: https://t.co/dRmCwG6p1P
Estimize
28 Apr 15 12:23:17
@DeezNutz20013 The WS consensus for $MSFT Q4 2015 has shifted significantly downwards - http://t.co/5cE576HOga
Quantpost Technology
28 Apr 15 12:23:05
$BIDU $MSFT News: "Tencent Debt Load Grows With $10 Billion Bond Program $BIDU …" http://t.co/W3sqjTH22n Analyze: https://t.co/UBndaBi5f6
supervaluemann
28 Apr 15 12:22:41
. @shribr @jyarow Predicted cloud growth and Windows 10 rollout. $msft
Dan Shy
28 Apr 15 12:22:37
$MSFT almost up over 2% again today ... yes please may I have another? LOL ... http://t.co/R4MIt2ybLv
FlashRatingsHOT
28 Apr 15 12:22:04
$MSFT has 17 analyst ratings in the last 7 days. Median target: $50. View here: https://t.co/x4vAfECN8k #MSFT
Surfergirl
28 Apr 15 12:20:12
Eps ah today: $TWTR $AKAM $GPRO Wed: $MSFT analyst day, Q1 GDP bmo, $MA eps bmo, Oil inventory 7:30am PT, Fed mtg 11am PT, $GRUB eps ah
Tech Stocks SA
28 Apr 15 12:16:26
Tencent Debt Load Grows With $10 Billion Bond Program http://t.co/9wZz5V1zJ2 $BIDU $BABA $MSFT $AMZN $TCEHY
China Investor
28 Apr 15 12:16:26
Tencent Debt Load Grows With $10 Billion Bond Program http://t.co/Xej94fgAQp $BIDU $BABA $MSFT $AMZN $TCEHY
Seeking Alpha
28 Apr 15 12:16:26
Tencent Debt Load Grows With $10 Billion Bond Program http://t.co/Te26FHjHC5 $BIDU $BABA $MSFT $AMZN $TCEHY
ActionAaron
28 Apr 15 12:14:50
RT @ACInvestorBlog: $ANY $MSFT Product with tremendous potential and w/ the collaboration of Microsoft everything could happen next month. …
Ami Schreiber
28 Apr 15 12:14:26
@jyarow Any reason you can think of as to why $MSFT is up another 2.25% today?
JustWallstreet
28 Apr 15 12:12:54
$MSFT back to backside, dont like the range tho, $RCII cha ching
TipRanks Live Feed
28 Apr 15 12:12:51
4-star analyst Brendan Barnicle from Pacific Crest maintained a BUY on $MSFT. Brendan has a 67% success rate http://t.co/BWir5R58wZ #NASDAQ
FinancePress
28 Apr 15 12:12:04
$MSFT Microsoft Corporation Begins Rebranding Nokia Stores In India: Microsoft Corporation Begins Rebranding ... http://t.co/ZIkX1RA8wO
Cesar
28 Apr 15 12:08:37
@carlquintanilla @GuyAdami @RedDogT3 @DougKass Shorting $MSFT now.. that PT is $68!?? stop $50
Zacks.com
28 Apr 15 12:07:23
Is there a potential boom in cloud service stocks? $AMZN $MSFT $GOOGL $ANET $NSR $HDP http://t.co/NBwRyTDdjl
Alejandro Fernandez
28 Apr 15 12:06:35
RT @InvestorsLive: Remember this for your next trade ... http://t.co/SGpEJOWfm2 $CALI $AMCN $HZNP $MSFT $CLNE #stocks #daytrading http://t…
California Chase
28 Apr 15 12:06:33
RT @ACInvestorBlog: $ANY $MSFT Product with tremendous potential and w/ the collaboration of Microsoft everything could happen next month. …
				
				
  +Follow August 23, 2013 11:00AM
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