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Ballmer Sells 49.3 Million Microsoft Shares:
Hima on November 6, 2010
Steve Ballmer has earned $1.3 billion in just three days.
Surprised? Well that’s what you earn when you sell 49.3 million shares of Microsoft stock on the stock market! Thats right, Ballmer has sold a sizable amount of the stock he owns and made a good amount for himself. But he’s not finished yet. He still has 4% of the company’s stocks with him, which means that he is holding another $10 billion!
This sudden decision to sell a huge amount of stock came due to personal financial matters, and it is still not very clear why Ballmer chose this occasion to sell the stock. These are exciting times for Microsoft, with the release of the Windows Phone, and also the Kinect technology for their XBox gaming console.
While it is indeed true that these two products are getting Microsoft new exposure in the market, they are not gaining enough confidence among the stock exchange traders, which is why their stock continues to hold a dull mood and isn’t risingt a good level. Perhaps this is the reason why Ballmer has chosen to get rid of some of the dull stock and get himself a nice big wad of money for enjoying the upcoming holiday season!
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