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Ballmer Sells Part of his Stake in Microsoft

An anonymous reader writes "The Financial Times reports that Steve Ballmer has sold part of his MS shares (my early morning math isn't very good, it seems a shade under 10%). Short of cash? Parking tickets? Or the start of a strategy to get rid of it all without causing too much upset in one go? No idea, but speculation is sure to be with us for a while."

24 of 319 comments (clear)

  1. not only the president.... by sweeney37 · · Score: 5, Funny

    Microsoft said the sales were undertaken so that Mr Ballmer could diversify his financial interests.

    my guess is that some of those interests may include this, this, and if he's lucky after all that, maybe this.

    Mike

    1. Re:not only the president.... by Jucius+Maximus · · Score: 4, Funny
      "The share sales amount to one of the biggest one-off disposals ever made by a chief executive, although they still leave Mr Ballmer with some $10bn worth of stock in the company.

      Microsoft said the sales were undertaken so that Mr Ballmer could diversify his financial interests."

      Doesn't this guy ever read Dilbert? As best as I can remember, this is how I went

      Dilbert: The CEO just sold off a lot of his shares of the company. Does this mean we are in trouble?

      PHB: No, he's just diversifying his portfolio.

      Dilbert: Oh, that's alright then.

      PHB: (Madly typing at computer.) Thought bubble: "Sell!...Sell!...SELL!!!"

    2. Re:not only the president.... by Jerrry · · Score: 4, Funny
      Microsoft said the sales were undertaken so that Mr Ballmer could diversify his financial interests.

      He probably wants to make a big investment in SCO.

  2. Sing along: by Mononoke · · Score: 3, Funny
    Accountants!

    Accountants!

    Accountants!

    /goin' for the cheap karma

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    NetInfo connection failed for server 127.0.0.1/local
    1. Re:Sing along: by Oscar_Wilde · · Score: 5, Funny

      Accountants!

      Accountants!


      If your going to try to get cheap karma at least get it right.

      Monty python quote:
      It's fun to charter an accountant
      And sail the wide accountancy,
      To find, explore the funds offshore
      And skirt the shoals of bankruptcy!

      It can be manly in insurance.
      We'll up your premium semi-annually.
      It's all tax deductible.
      We're fairly incorruptible,
      We're sailing on the wide accountancy!

    2. Re:Sing along: by Ford+Fulkerson · · Score: 3, Funny

      If your going to try to get cheap karma at least get it right.

      Actually both references are perfectly cromulent.

      --

      Somewhere in the heavens... they are waiting.
  3. Finally!!! by Soulfarmer · · Score: 2, Funny

    Maybe he sells them to BG. Parking tickets? For wrong parking of an air-craft carrier?

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    -Is the meaning of life vanity, or is vanity the meaning of life?
  4. Yeah, I just sold my stake in Microsoft... by Anonymous Coward · · Score: 3, Funny

    ...and bought RedHat. Here's to the future baby!

  5. What he should do... by The-Bus · · Score: 1, Funny

    ...is sell those damn Seahawks .

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    Small potatoes make the steak look bigger.

    1. Re:What he should do... by Martin+Blank · · Score: 3, Funny

      Does that make selling them illegal?

      Maybe I should pull the Yankees off the market then...

      --
      You can never go home again... but I guess you can shop there.
  6. Maybe to pay for treatment? by John3 · · Score: 5, Funny

    Of his ADHD problem?

    More links for the video

    --
    "We make our world significant by the courage of our questions and by the depth of our answers." Carl Sagan
  7. I've got 4 words for ya! by CptChipJew · · Score: 5, Funny

    I !!!
    LOVE !!
    THIS !! ::whoa, the stock is worth that?!::
    SELL !!!
    YEEEAAAAHHHH !!!!

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    Vonal Declosion
  8. Drugs by Anonymous Coward · · Score: 4, Funny

    He's investing in the drug industry. Think about it:

    a large market of people who have no choice but to buy your product, an army of goons with automatic weapons, the government in your hip-pocket, and all the Latina sex slaves you could want?

    Hmm. Doesn't he already have all that at M$? Perhaps my theory is off.

  9. His yearly knee replacement by Anonymous Coward · · Score: 1, Funny

    The Developer Dance is murder on the body.

  10. investment advice by rnd() · · Score: 4, Funny

    He's probably begun reading Slashdot for his investment advice and now believes that .NET will soon fail.

    Of course, Slashdot is riddled with Millionaires.

    --

    Amazing magic tricks

  11. Talking of Great Clips... by SlashMirror.org · · Score: 4, Funny
  12. China has discovered Microsoft's secrets by ymgve · · Score: 4, Funny

    After getting access to the Windows source code, China has discovered and created exploits/backdors that will threaten any computer running windows. They have already hacked the Pentagon, and have downloaded the whole TIA database.

    Ballmer knows this, and he is selling his stock to get cash enough to buy out a small tropical island, where he can hide while the DOJ and every luser on the planet marches on to Redmond, torches and pitchforks in hand.

  13. I know why. by malabar-fraise · · Score: 5, Funny

    He finaly saw a Gnu/Linux desktop running.

    1. Re:I know why. by antiMStroll · · Score: 3, Funny

      Correct, the MS engineers had a bitch of a time installing Lycoris. One of the high school co-ops finally saved their bacon and did it for them.

  14. And he is buying... by Indio_do_Xingu · · Score: 2, Funny

    SCO's!

  15. Re:The question would be... by dorfsmay · · Score: 4, Funny

    To whom has he sold this stock?

    He probably doesn't know. His stock broker probably sold the stock to some other stock brokers. My guess is that they did that in a crowded place with a lot of people screaming, all buying or selling some stock too. Those places are called stock exchange, and they are a big part of any modern economy.

    Is this a step towards some other interest group having a share of microsoft in exchange...

    Typically one sell stock in exchange for cash. Typically one would either re-invest that cash in some other stock (this is called spreading the risk, or my like my grandmother used to say don't put all your eggs in the same basket), or maybe he spent the cash like on a new house (well a few houses !), a private jet, or whatever he felt like at the moment.

  16. Accountants! by shoemakc · · Score: 2, Funny

    Yossarian!

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    --an unbreakable toy is useful for breaking other toys--
  17. Re:long term mandatory growth problems by Waffle+Iron · · Score: 3, Funny
    Their alternative if they can't sustain massive growth is increasing salaries and bonuses, and that will cut dramatically into their profit margins, which certainly will further damage their share price.

    Yeah, if they had to give everyone a huge raise, the profit margins might nosedive below 82%, maybe even below 79% *shudder*. If it ever came to that, they'd be better off just throwing in the towel.

  18. Steve Balmer diversifies into by linuxislandsucks · · Score: 2, Funny

    Steve Balmer diversifies into buying SCO Grou at their asking rpice of $1 billion..

    News at 11

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    Don't Tread on OpenSource