Microsoft Stock Surges on News of CEO Steve Ballmer to Retire

Microsoft Stock Surges on News of CEO Steve Ballmer to RetireDespite its position as an industry giant, the stock price for shares of Microsoft have trailed greatly behind others like Apple and Google. The recent news that the current CEO Steve Balmer will retire, has actually led to a surge in the price of Microsoft stock.

Many see this as a sign that investors in the company believe that new vision for the future is just what the company needs.

According to the announcement on Friday, Ballmer will stay on over the next several months until a replacement is transitioned into the role. It was Ballmer who in 2000 took over the role as CEO from company founder Bill Gates, who still acts as the Chairman of the Board for Microsoft.

With the recent trend away from traditional PCs and a move toward tablet and mobile computing, Microsoft has trailed behind others in the industry who were quick to innovate in the space.

Analysts are likely correct about the future direction for the stock price in Microsoft, as it was the introduction of a Microsoft tablet which led to a better than 20% increase in the share price for the company this year.


About Ed Dixon

Ed Dixon - as an experienced writer and proven business leader, Mr. Dixon is the primary contributor for news related to Business and Finance. ed_dixon@newstaar.com