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Technology Stocks : Microsoft Corp. - Moderated (MSFT) -- Ignore unavailable to you. Want to Upgrade?


To: Zen Dollar Round who wrote (19727)1/31/2024 6:54:51 PM
From: miraje  Read Replies (1) | Respond to of 19789
 
Steve Balmer kept Microsoft in the wilderness for about 13 years if memory serves

It was around the turn of the century when Ballmer opined that MSFT stock was over priced. It tanked on that and went nowhere for years, as you noted. I should have sold then, but had massive capital gains tax to pay if I did. I had held the stock since shortly after the IPO. Painful lesson learned..

BTW, this latest sell off today is overdone, IMO, and won't last long..



To: Zen Dollar Round who wrote (19727)1/31/2024 7:03:30 PM
From: Don Green  Read Replies (1) | Respond to of 19789
 
I thought about Apple when I wrote this but I think Microsoft was more dramatic and done by an employee who was foreign born, not part of the original management which Jobs was. Agree what Jobs did was also amazing, and Cook may have been equally impressive but to see how Microsoft lagged for more than a decade at a time it was still a major tech player but without creative leadership due to poor management of Gates and Ballmer was bold and inspirational.



To: Zen Dollar Round who wrote (19727)2/2/2024 12:28:07 PM
From: SAM1 Recommendation

Recommended By
Don Green

  Read Replies (2) | Respond to of 19789
 
For Steve Balmer - It was the most profitable way to get fired. He lost his job but did not sell his MSFT shares.

I read somewhere that even today he owns a 4% stake in the company. At today's valuation it is worth north of $125 billion dollars.

Wonder what he will do with all that wealth?

- SAM