Version: 2008

May 30, 2003 9:05 AM PDT

Ballmer unloads more Microsoft stock

  • Post a comment
Microsoft Chief Executive Steve Ballmer this week cashed in on nearly 2 million shares of the software giant's stock, bringing the total number he sold this month to about 51 million.

The stock sold Wednesday for between $24 and $25 per share, according to a regulatory filing with the U.S. Securities and Exchange Commission. Ballmer raised about $49 million from the transaction. Last week's sale raised about $1.2 billion.

Ballmer's transactions over the past week are part of his effort to diversify his personal holdings, Microsoft said earlier. Ballmer had not sold shares since 1991. The company's co-founders, Bill Gates and Paul Allen, by contrast shed their holdings on a regular basis.

"Even though this is a personal financial matter, I want to be clear about this to avoid any confusion," Ballmer said in a statement earlier this month. "I remain excited about the potential for our technology to change people's lives, and I remain as committed to Microsoft as ever."

After this week's sale, Ballmer still holds 419,519,622 shares in Microsoft, according to the SEC filing. His remaining holdings are valued at about $10.2 billion at Thursday's closing price of $24.40.

advertisement

Latest tech news headlines

RSS Feeds

Add headlines from CNET News to your homepage or feedreader.

More feeds available in our RSS feed index.

Markets

Market news, charts, SEC filings, and more

Related quotes

Microsoft (0.00%) 0.00 30.48
Dow Jones Industrials (0.00%) 0.00 10,428.05
S&P 500 (0.00%) 0.00 1,115.10
NASDAQ (0.00%) 0.00 2,269.15
CNET TECH (0.00%) 0.00 1,646.41
  Symbol Lookup
advertisement

Inside CNET News

Scroll Left Scroll Right