Meanwhile, Bill Gates and Paul Allen, co-founders of Microsoft,
"continue Microsoft sell-off plans" verbatim from the Reuters
headline. From the 12 August 1998 news item:
"Chief Executive Gates plans to sell 1.2 million shares worth
about $117 million through Donaldson, Lufkin & Jenrette and
Goldman, Sachs & Co., while Allen may unload 653,000
shares worth nearly $69 million via Dain Rauscher Inc.
The filings, date stamped Aug. 10, were made through the
Securities and Exchange Commission's Form 144, on which
company officials announce their intention to sell stock, but
they are not then obliged to do so.
From May 14 through Aug. 6, Gates and two other entities--
Gates Library Foundation and the William H. Gates Foundation--
sold over 9 million shares.
And Allen disposed of over 12 million shares between May 8
and Aug. 5....
Recent filings by the two show they proposed selling more
than $1 billion worth of stock. Gates planned to sell 3.5
million shares, worth around $386 million, while Allen
planned to unload over six million shares worth about $649
million.
As of April 30, Microsoft had about 2.5 billion common shares
outstanding, according to their latest quarterly filing with the
SEC."
The full story is available at:
biz.yahoo.com
The record of insider trades for Microsoft Corp. from
1 August 1997 to 5 August 1998 is available at:
biz.yahoo.com
Today, Microsoft shares closed at $103 15/16 down $1 1/8.
MSFT's 52 week range: $59 to $119 5/8.
Nota bene: The content of this message is without prejudice. |
