Photos: Microsoft announces Gates stepping down

Steve Ballmer and Bill Gates announced at a press conference on Thursday afternoon that Gates will gradually step down from his duties at Microsoft.

"I remain fully committed and full-time at Microsoft through June 2008 and will be working side-by-side with Ray (Ozzie) and Craig (Mundie) to ensure that a smooth transition occurs," said Gates.

Photo by Ina Fried/CNET News.com