Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: mattie who wrote (18238)	11/2/1998 5:53:00 PM
From: Clint E.	Read Replies (3) \| Respond to of 69126

Mon Nov 2, 5:03 pm EST===Gates filed to sell 1 mln more Microsoft shrs WASHINGTON, Nov 2 (Reuters) - Bill Gates filed a statement covering the possible sale of 1 million additional Microsoft Corp (Nasdaq:MSFT - news) common shares worth about $106 million, a recent SEC document showed. The co-founder and chief executive of the Redmond, Wash. software giant said he might sell the shares around October 26 through Donaldson, Lufkin & Jenrette in New York, his form 144 filing on that date with the Securities and Exchange Commission stated. The possible sale would be on top of the more than 12 million shares that Gates and two Gates entities have sold since July. The 144 form merely notifies the securities regulatory agency of an intention to sell but does not obligate a sale. It sometimes also lists actual sales that have gone through. It was not immediately known if the one million shares were sold. From July 31 through October 23, Gates disposed of 6,000,742 shares for more than $729 million while the Gates Library Foundation sold 1.45 million shares from August 10-17 for over $153 million and the William H. Gates Foundation sold 5.3 million shares for over $597 million, the SEC document said. Microsoft has characterized previous Gates sales as a routine part of portfolio diversification. Of the more than 2.4 billion Microsoft shares that are currently outstanding, Gates beneficially owned 515,777,800 shares, or 20.8 percent, as of September 11, according to Microsoft's latest proxy filed on September 24 with the SEC.