Microsoft 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 has made a filing with the Securities and Exchange Commission to sell the 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 says.
The sale of the 1 million shares "is part of that regular program," she says.
After the sale, Gates will remain Microsoft's biggest shareholder, the spokeswoman adds.
In a separate SEC filing on Tuesday, Microsoft said it plans to sell 277,162 common shares of SeaChange International, a digital video company based in Maynard, Mass. The SeaChange shares were valued at $8.1 million. Microsoft said in the filing it acquired the SeaChange stock in May 2000 as an investment.
Microsoft gained 22 cents, to close at $66.35, while SeaChange rose $1.25, to $23.86, both on the Nasdaq.
Copyright 2000 Reuters Limited. All rights reserved.
Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters.
Reuters shall be not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
|
10 Challenges That HP Wants Partners To Tackle Right Now CRN speaks with HP's business unit chiefs to get a sense of where they'd like partners to focus in the coming year, as well as how CEO Meg Whitman is making a difference. |
|
VAR500: IBM Strikes Deal With Ukraine Bank; HP Bolsters Health-Care Practice CRN VAR500 solution providers win health-care contracts, work on European banking solution, create a platform for microlending, sharing info on cloud computing and more. |
|
Five Companies That Dropped The Ball This Week For the week ending Feb. 3, CRN looks at five companies that were either asleep at the wheel or just didn't make good decisions. |
 More
Slide Shows |
- Microsoft Appeals Antitrust Case To Supreme Court
- Microsoft CEO Doesn't Understand Gloom
- Microsoft To Pump R&D Spending But Slow Hiring
- Confusion Reigns As The Tech Sector's Mixed Messages Continue
- MCSE Base Salaries Dropping, Survey Finds
- Cognizant Sales Soar, Exec Promotions Follow
- VAR500 Company EPAM Systems: IPO Update
- The Daily App: Scan To PDF Free For Android
- Appcelerator Extends Mobile App Dev Reach With Cocoafish Buy
- Microsoft Taps Cisco Exec To Manage Public Sector Business
- Microsoft Sets Feb. 29 For Windows 8 Consumer Preview Release
