Microsoft CEO Sells $ 1.3 Billion Of Shares

Microsoft CEO Sells $ 1.3 Billion Of Shares

Microsoft Corp. Chief Executive Steve Ballmer has recently sold about $ 1.3 billion of its shares in the company for the first time he did it seven years.

Ballmer confirms the sale of stock on Friday and says, made to diversify investments and to support its fiscal year-end planning. He said he intends to sell up to 75 million units by the end of the year. Securities and Exchange Commission filings that Ballmer this week to demonstrate that it has sold 50 million copies.

Ballmer still has about 350 million shares, valued at approximately $ 9,000,000,000 at current prices Microsoft is about $ 26. Ballmer issued a statement to avoid any misunderstanding."Rare Move, Microsoft released a statement on behalf of Ballmer, is likely to want to avoid any speculation that the sale of a substantial block of its shares mentioned something negative about the company .

Ballmer heads a versatile software giant and is also one of the biggest names in the business of the United States While this is a personal financial matter, I would like to make it clear that to avoid any misunderstanding,"Ballmer said in a statement. I am excited about new products and opportunities of our technology to change people's lives, and I remain fully committed to Microsoft and its success.

"Gathering of technology workers last month, Ballmer rejected the possibility that the Redmond , Washington-based Microsoft has adopted different approaches to technology to consumers and businesses. People want the same technology in their work because they are not at home, "he said. Ballmer also said that he has no intention of retiring anytime soon.

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