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
361 Capital
24 Oct 14 16:53:11
Roses in the Market Today: $DIA $XLU $EWZ $MSFT $STT $KLAC $BMRN $EW $AGU $N $RMD http://t.co/pAteV3shWp
John Santi
24 Oct 14 16:41:13
RT @BarbarianCap: this is good "Windows 10: We finally fixed everything" (via FB) $MSFT http://t.co/dG9zB40iJh
Jahi Faucette
24 Oct 14 16:30:27
RT @CNBCFastMoney: 19 trades in 67 seconds http://t.co/RR9Sfb9m5P $YHOO $AMZN $MSFT $PG $JPM $XLF $GS $MS $BAC $C $OIH $DAL $SPY & more
HotKeyTrading
24 Oct 14 16:30:03
Top Stock Picks: $CELG $SPLK $ALXN $PBR $TSCO $FB $BAC $AMZN $MSFT $INFN $AAPL http://t.co/XQITF0lRKD #watchlist #swingtrading #nyse #stock
ʇɐpıʍdnznʍ
24 Oct 14 16:25:27
@BadBoyzAuction Love em.... Especially $SPYs. This week was all $MSFT & $IBM.
INVEX Banco
24 Oct 14 16:15:17
Los inversionistas premiaron a $MSFT debido a que los resultados trimestrales lograron superar las estimaciones de los analistas
DailyStockPicks
24 Oct 14 16:11:44
Attn $MSFT investors: U.S. government grants five open #Ebola waste permits. $SMED may also procure a contract http://t.co/Qf6xGOhRfA
CNBC's Fast Money
24 Oct 14 16:09:45
19 trades in 67 seconds http://t.co/RR9Sfb9m5P $YHOO $AMZN $MSFT $PG $JPM $XLF $GS $MS $BAC $C $OIH $DAL $SPY & more
Bruno J. Navarro
24 Oct 14 16:09:27
Stocks for next week: 19 trades in 67 seconds http://t.co/BuilwWXElH $YHOO $AMZN $MSFT $PG $JPM $XLF $GS $MS $BAC $C $OIH $DAL $SPY
Tim Hobert
24 Oct 14 16:06:14
$GOOG Market cap 371B P/E ratio 27.36 Dividend yield 0% $MSFT Market cap 371B P/E ratio 18.07 Dividend 2.7%
Marty Chilberg
24 Oct 14 16:06:09
#Morningnotes $MSFT, $AMZN, $BMY, $CB, $PSO, $KLAC,$EW, $BMRN, $ALTR, $MXIM, $VRSN, $SIVB, $CYN, $INFA http://t.co/iwLVtEiW7g #proboards
TipRanks
24 Oct 14 16:03:42
5-star analyst Rick Sherlund from Nomura Holdings rated $MSFT w/a BUY. Rick has a 68.7% success rate http://t.co/tC9pTfF3Ie
Fern Ando
24 Oct 14 16:03:25
RT @jeffmonaco_: Get out while you can, Nadella> Microsoft's Surface Pro is Still a Loser in the Bigger Picture http://t.co/d5PiyoHicE $MSF…
12Stocks.com
24 Oct 14 16:02:03
Nasdaq100 #Stocks Performance $KLAC $MXIM $GILD $STX $CELG $CTXS $VOD $CTRX $BIDU $MSFT $CA $CHKP $CERN more@ http://t.co/YdSIjG11yN
12Stocks.com
24 Oct 14 16:01:30
S&P100 #Stocks Performance $GILD $LLY $MSFT $EXC $MMM $PG $BMY $AEP $UNP $CMCSA $GS $PFE $BK $MRK $EMC $GD more@ http://t.co/n4QZIDxy7w
12Stocks.com
24 Oct 14 16:01:14
Dow #Stocks Trend $MMM $PG $TRV $CAT $XOM $MSFT $UNH $GE $PFE $DIS $HD $V $INTC $AXP $CSCO $UTX $JNJ $MRK $NKE @ http://t.co/TvzJfd0RGT
Quantheta
24 Oct 14 16:00:03
#TOPTICKERTWEETS $AMZN $SPY $AAPL $IBIO $LAKE $QQQ $FB $TSLA $APT $MSFT #quantheta
Quantheta
24 Oct 14 16:00:02
#SENTISHIFTUP $BABA $S $CELG $C $SPX $MSFT $GIMO $UPS $MMM $B #quantheta
Scott Spencer
24 Oct 14 15:52:00
Top Tech $AMZN -8% $287 losing 95 cents/share vs expected 74-cent loss, $MSFT +2% $46 profits beat expectations on tablet & cloud computing.
Pablo Santa Cruz
24 Oct 14 15:48:51
Después de más de un año, $MSFT (Microsoft) vuelve a ser una empresa más valiosa que $GOOG (Google) @mangocastnet http://t.co/fFU5UsMsqb
Zero Filter
24 Oct 14 15:43:58
#Balmer on $AMZN #cnbcfastmoney #zerohedge #seekingalpha #jimcramer $MSFT $SPY #CNBC https://t.co/g9skaxlk9a
Jonathan Franks
24 Oct 14 15:39:34
Sad what's happening to @Minecraft. "I don't want us to go and try to make it something it isn't. BUT I do think it has room to grow." $MSFT
Darlene S Williams
24 Oct 14 15:33:05
@DSWZONEPICKTICK @PENNZOIL @SQUARE @PAPERMATE @ANDROIDPOLICE @FOREXLIVEROOM @XE @XETRA @GRUBHUB @BBCBUSINESS @NASDAQ $MSFT$GD$ISRG$XLF$XLB$$
José Angel de Bustos
24 Oct 14 15:31:31
RT @BarbarianCap: this is good "Windows 10: We finally fixed everything" (via FB) $MSFT http://t.co/dG9zB40iJh
$Stocknewsalerts
24 Oct 14 15:31:27
$MSFT New SEC Document(s) for Microsoft Corporation From our Stock News Alerts App
AAPL Stock Alerts
24 Oct 14 15:30:04
Stop The Insanity: Apple Doesn't Have An 'iPad Problem' http://t.co/6YAiHOY7HE $MSFT $AAPL
Jerome Thibaud
24 Oct 14 15:30:02
RT @BarbarianCap: this is good "Windows 10: We finally fixed everything" (via FB) $MSFT http://t.co/dG9zB40iJh
Darlene S Williams
24 Oct 14 15:29:49
@DSWZONEPICKTICK @PENNZOIL @SQUARE @PAPERMATE @ANDROIDPOLICE @NASDAQINDEXES @FOREXLIVEROOM @XE @XETRA @BBCBUSINESS @NASDAQ $MSFT $XLF $XLB
Keith A. Briggs
24 Oct 14 15:26:45
RT @BarbarianCap: this is good "Windows 10: We finally fixed everything" (via FB) $MSFT http://t.co/dG9zB40iJh
john smith
24 Oct 14 15:19:19
$MSFT - Amended Statement of Changes in Beneficial Ownership (4/a) http://t.co/6Cn4E0M4xe
Live Stock News
24 Oct 14 15:19:12
$MSFT - Amended Statement of Changes in Beneficial Ownership (4/a) http://t.co/LaWxhaOAdd
matt collom
24 Oct 14 15:19:10
$MSFT - Amended Statement of Changes in Beneficial Ownership (4/a) http://t.co/Yd1U2K2xGL
NASDAQ
24 Oct 14 15:19:08
$MSFT - Amended Statement of Changes in Beneficial Ownership (4/a) http://t.co/hrjV4eLUF1
john smith
24 Oct 14 15:16:12
$MSFT - Statement of Changes in Beneficial Ownership (4) http://t.co/v9cy7VHiHx
Live Stock News
24 Oct 14 15:16:05
$MSFT - Statement of Changes in Beneficial Ownership (4) http://t.co/NREk7CT6XY
matt collom
24 Oct 14 15:16:04
$MSFT - Statement of Changes in Beneficial Ownership (4) http://t.co/ClOqs2XrUZ
NASDAQ
24 Oct 14 15:16:02
$MSFT - Statement of Changes in Beneficial Ownership (4) http://t.co/utXKJI1zjQ
4-traders.com
24 Oct 14 15:15:04
Tech Up as Microsoft Gives Sector a Lift -- Information Technology Roundup http://t.co/MlOyk9sUU9 $MSFT $SWRN
Tim Thielen, CMT
24 Oct 14 15:08:00
Microsoft Heads Up Into Earnings - Can Shares Follow Through? $MSFT http://t.co/B1mCftdE83 via @benzinga
Stockaholics
24 Oct 14 15:07:43
Our Penny Stock Alerts Gained 371% In 2 weeks! Sign Up For Free Text Alerts For Our New Pick: http://t.co/Wsu24zYrur $MSFT $ORCL $VOD
Rhino PR
24 Oct 14 15:05:36
Yep! RT @FortuneMagazine: Microsoft CEO: I was ‘completely wrong’ to suggest women shouldn’t ask for raises http://t.co/HEllut0EF7 $MSFT
Zonebourse News
24 Oct 14 15:05:07
HP cherche un acheteur pour sa filiale chinoise H3C-WSJ http://t.co/QG6i5CfJif $MSFT $IBM
Stephen McLean
24 Oct 14 15:01:36
Just in case you missed that 1 time it was mentioned on @cnbc or @FoxBusiness $MSFT Q1 http://t.co/W0gw5401oT #Microsoft #earnings #market
Stockaholics
24 Oct 14 15:01:23
Our Penny Stock Alerts Gained 371% In 2 weeks! Sign Up For Free Text Alerts For Our New Pick: http://t.co/Wsu24zYrur $XLF $F $FN $MSFT
Tech Alerts
24 Oct 14 15:00:02
Microsoft (MSFT) Q1 2015 Results - Earnings Call Webcast http://t.co/8TnUjgUDY6 $MSFT
Shannon Lloyd
24 Oct 14 14:54:44
RT @BarbarianCap: this is good "Windows 10: We finally fixed everything" (via FB) $MSFT http://t.co/dG9zB40iJh
4-traders.com
24 Oct 14 14:50:04
HP seeking buyers for corporate-networking business in China - WSJ http://t.co/khm5c1jnpD $HPQ $CSCO $MSFT $JBK $IBM
Will St Germain IV
24 Oct 14 14:40:43
@gigaom that is an awesome investment. Congratulations $MSFT!
BNK Invest
24 Oct 14 14:39:39
Video: Weekly Market Wrap: October 24, 2014 $DRYS $F $MSFT $AAPL $TWC $V $TROW $MCK $MCK #stocks http://t.co/vhoc4pmIC1
Stock Moo
24 Oct 14 14:36:48
$msft: GLOBAL MARKETS-Shares post best week since mid-2013 after earnings boost http://t.co/84KrBVH1TR
				
				
  +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.