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Politics : Formerly About Advanced Micro Devices

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To: greg nus who wrote (86951)	1/13/2000 5:24:00 PM
From: Scot	Read Replies (1) of 1572515

more..... Gates steps down as Microsoft CEO By Joe Wilcox Staff Writer, CNET News.com January 13, 2000, 2:00 p.m. PT URL: news.cnet.com update Bill Gates said today he will step down as Microsoft chief executive and hand over the reins to president Steve Ballmer. Gates said he will remain as chairman and also fill a new post created for himself: chief software architect. He announced the news at a press conference this afternoon in Redmond, Wash. The surprise announcement comes a day after news leaked that the Department of Justice is proposing a breakup of Microsoft to help resolve the antitrust case pending against the company. Gates also said in a statement that Ballmer will become a member of the Microsoft board of directors Jan. 27. Gates indicated that he waited until after the release of Windows 2000 before making the change. Microsoft's new CEO made it clear the government has no business breaking up his firm. "It would be reckless and absolutely irresponsible to break up this company," Ballmer said at the news conference. Gates said that he looks forward to getting back to work with the product groups. "I've been chatting with Steve and the board with (the idea of) getting myself focused on products for a couple of years," he said. "I might be threatening to write code," Gates said. He more likely will be using Microsoft's development tools and doing work with developers. "It's more strategizing, rather than writing lines of code." In after-hours trading, Microsoft stock dropped more than $4 from its closing price of $107.81 to $103.25. The stock dropped as low as $101.50 immediately after the news was released.

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