mannerisms

Ruminations on the electronics industry from David Manners, Senior Components Editor on Electronics Weekly.

Ballmer To Go

When a $300 billion market cap company sees its shares shoot up 8% something pretty good must have happened to the company.

In Microsoft’s case the pretty good something is the resignation of the CEO – to take effect within the year.

Steve Ballmer presided over the launch of the much-loathed Windows 8, over the move into manufacturing tablets which cost it a $1 billion write-down of unsold stock earlier this month and over the deal with Nokia on hand-sets which has not done much to save the floundering Finns.

Making tablets annoyed many of Microsoft’s hardware manufacturing customers, and porting Windows to ARM annoyed Microsoft’s long-time ally Intel.

Ballmer has behaved very oddly in public bouncing around and shouting in his presentations which can be watched on YouTube.

He met Bill Gates at Harvard and became Microsoft’s 30th employee in 1980.

He is worth $15 billion.

Tags: bill gates, market cap, nokia, resignation, time ally

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3 Comments

  1. david manners
    August 24, 2013 10:33

    Great minds think alike, Scunnerous and Mike. Yes and when you’ve got Carl Icahn oiling up to you and tweeting all about it you’re being dressed for the cooking. Jobs, appsrently, refused to talk to these financial types

  2. Scunnerous
    August 24, 2013 00:12

    “That’s Tim Cook’s goose cooked !!”

    Well apparently he’s lined up for a dinner date with Carl, supposedly to discuss the size of the buy-back. I guess Tim should start to worry if he hears mention of ‘fava beans and a nice Chianti’? Carl does not seem to be one for the long slow braise.

  3. Mike Bryant
    August 23, 2013 21:04

    “When a $300 billion market cap company sees its shares shoot up 8% something pretty good must have happened to the company.”

    That’s Tim Cook’s goose cooked !!