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Gates Sold $400 Million in Microsoft Shares | |
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| Time: 15:49 EST/20:49 GMT | News Source: Associated Press | Posted By: Alex Harris | ||
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Microsoft Corp. co-founder Bill Gates, who usually sells some of his holdings in the world's biggest software company for diversification, sold more than $400 million worth since early June and plans to sell millions more. According to a filing with the Securities and Exchange Commission, Gates sold a total of 8 million shares on June 3 and 4. He plans to sell 2 million more worth $99 million. His spokeswoman did not immediately return a call seeking comment, but Gates historically sells some of his Microsoft stock to diversify his portfolio. He is the company's chairman and biggest shareholder, with a stake of about 12 percent. Microsoft, with about 5.4 billion shares outstanding, was trading down 83 cents at $54.71 on Nasdaq in the late afternoon. | ||
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| #1 By 20 (24.243.51.87) at 6/13/2002 4:04:16 PM |
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Man, is this really some plotted agenda? Big players like Gates buy and sell stocks all the time, he's been doing it for years.
Why now are they reporting this? Pure sensationalism. I guess some journalist shorts MSFT and then writes a story like this and then makes a buttload. |
| #2 By 2960 (156.80.64.164) at 6/13/2002 4:38:05 PM |
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Ooooohhhhh. Linux has got him running scared!!!!
LOL! :) TL |
| #3 By 135 (208.50.201.48) at 6/13/2002 6:50:25 PM |
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It's obvious. Gates talked to Jobs and has become convinced the future is OS X!
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| #4 By 1401 (24.74.52.178) at 6/13/2002 8:59:00 PM |
| Maybe I should sell $400 million worth of shares of my Microsoft stock... |
| #5 By 135 (208.50.201.48) at 6/13/2002 9:22:40 PM |
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Maybe Bill Gates should give me $400 million worth of Microsoft stock so I can sell it.
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