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Gates To Sell 1 million Microsoft Shares To Diversify | |
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| Time: 16:44 EST/21:44 GMT | News Source: Reuters | Posted By: Byron Hinson | ||
Microsoft Corp Chairman Bill Gates plans to sell 1 million Microsoft shares worth $66 million, continuing a routine pattern of selling small amounts of his holdings in the software giant, his spokeswoman said on Tuesday. Gates made a filing with the Securities and Exchange Commission announcing his intention to sell the 1 million common shares. He has already sold 8 million shares worth about $535 million from April 30 through July 31, according to the filing. ``Bill Gates is on a regular program where he periodically sells a small fraction of his Microsoft holdings as part of prudent portfolio diversification,'' his spokeswoman said. The planned sale of the 1 million shares ``is part of that regular program,'' she said. | ||
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