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[News] [Rival] Bill Gates Dumps His Microsoft Assets, Paul Allen Dumps Media Investment ('Bribes')

  • Subject: [News] [Rival] Bill Gates Dumps His Microsoft Assets, Paul Allen Dumps Media Investment ('Bribes')
  • From: Roy Schestowitz <newsgroups@xxxxxxxxxxxxxxx>
  • Date: Sun, 15 Feb 2009 23:47:24 +0000
  • Newsgroups: comp.os.linux.advocacy
  • User-agent: KNode/0.10.9
Hash: SHA1

Bill Gates sells 2 million Microsoft shares

,----[ Quote ]
| Microsoft Director Bill Gates sold 2 million shares of the software company
he founded for $37.7 million, according to a late Monday filing with the
Securities and Exchange Commission.


Microsoft's Allen sells DreamWorks Animation stake

,----[ Quote ]
| Microsoft co-founder Paul Allen has sold all of his remaining shares in 
| DreamWorks Animation SKG Inc. 


Microsoft's Allen sells DreamWorks Animation stake


Here is another Softie who quietly owns the media.


Bill Gates Sells Some Microsoft Shares

,----[ Quote ]
| Microsoft Corp. Chairman Bill Gates sold 3,995,300 shares of
| common stock, according to Securities and Exchange Commission filings.


Gates sells more Microsoft stock, filings show

,----[ Quote ]
| Bill Gates, chairman and co-founder of Microsoft Corp., sold 4 million
| shares of the software giant's stock over the last three days of
| February, bringing his total sales for the month to 20 million,
| according to filings with the Securities and Exchange Commission.



,----[ Quote ]
| Anonymous sent me this: "I decided not to post this on the 'net, because I am
| not familiar with US law in regards to information that although public
| accessible, could be considered a breech of privacy.  Perhaps UK law is more
| kind.  I don't know.
| Out of curiosity, I took the Yahoo stock link that John Bailo posted a few
| messages back, then clicked on Gate's name.  It gave  link:
| http://biz.yahoo.com/t/38/567.html
| This is two years worth of transactions by Mr. Gates.  One is a Statement of
| Ownership (11 May 2006).  Rest are sales.  I took the html table and dumped
| it to a spreadsheet.  After massaging, I came up with the following numbers:
| For sale transactions from 04 May 2005 to 22 Feb 2007, 136,003,100 shares
| were sold at an approximate value of $3,639,031,883 USD or
| £1,857,580,215 GBP or
| ?2,756,603,042 EUR or
| $4,249,261,139 CAD or
| ¥430,941,433,649 JPY.
| Average price per share was $26.76 USD.
| In essence according to Yahoo! Finance Edgar Online, sale was about $3.6
| billion for 136 million shares.  Declared holdings as of 22 Feb 07 are
| 922,499,336 Direct, 425,066 Indirect for a total of 922,924,402 shares."

Microsoft's Gates Sells 1M Shares

,----[ Quote ]
| Bill Gates, the chairman of Microsoft Corp., sold 1 million shares of common 
| stock, according to Securities and Exchange Commission filings. 


Microsoft's Bill Gates Sells Shares

,----[ Quote ]
| The co-founder and chairman of the world's largest software maker, Microsoft 
| Corp., sold 2 million shares of common stock, according to a document filed 
| with the Securities and Exchange Commission.  


Insider Trading Hasn't Affect Microsoft Stock - Yet

,----[ Quote ]
| MarketWatch.com reports that Robbie Bach, president of Microsoft's
| Entertainment and Devices division, sold $6.2 million of Microsoft
| stock just prior to announcing that Microsoft was going to have to 
| extend XBox 360 warranties to three years because of extensive 
| failures. The filings note that this was not part of any 
| scheduled diversification or selling program; this was a 
| conscious, unscheduled sale by the guy in charge of releasing 
| news that could affect the value of Microsoft stock.
| [...]
| Insider trading is a very serious violation of the law; just 
| ask Martha Stewart, who served five months in prison for 
| avoiding losses of $43,000 through trades that just had suspicious 
| timing (no insider trading was actually proven). This is $6.3 
| million that went straight into Robbie Bach's pocket.


Microsoft's past stock options practice poses questions

,----[ Quote ]
| Microsoft in 1999 announced that it would end a policy of awarding
| options at monthly lows and said it would take a $217 million charge,
| though many details of that discontinued practice haven't been widely
| known, The Wall Street Journal said Friday.
| Those details raise questions about how Microsoft began the practice,
| what prompted the company to end it and whether the way the options
| were dated--at 30-day lows the month after they were
| granted--influenced other companies, it said.


,----[ Quote ]
| My background is finance and accounting....
| However, the Gates Buffet foundation grant is nothing more than a shell
| game in which control of assets for both Gates and Buffet remain the same.


Microsoft profit on slide

,----[ Quote ]
| Some analysts are looking for any signs of improvement from
| Microsoft's internet division, which continues to lose market
| share in web search to Google.
| Microsoft's online services group saw revenue fall for the last
| four quarters and posted a loss in the past three quarters while
| it shifted to a new internet advertising platform and overhauled
| the company's web properties.


Dark cloud over good works of Gates Found


Politics and tech companies: follow the money

,----[ Quote ]
| Microsoft took first place with $651,100 given out, while
| Hewlett-Packard gave only $185,550, and Gateway gave a paltry
| $2,000. Microsoft's donations certainly illustrate well the true
| size of the company and the extent of its political concerns.
| [...]
| For instance, Microsoft's PAC spent $1.7 million in the 2006 election
| cycle, but only a third of this went to federal candidates. What
| happened to the rest? It went to local campaigns, paid out a few
| thousand dollars at a time to groups like "Boal for Iowa House" in
| Ankeny, IA. It also funded other PACs like the "Associated Republicans
| of Texas" and the "Blue Dog Political Action Committee." No race is
| apparently too small to be funded; even Indiana State Representative
| Terri Austin of Anderson, IN got $500.
| Lobbyists
| But the real money isn't even given to the candidates directly. It
| goes to lobbyists, which can be safer investments since they stand no
| chance of losing at the polls. The complete-year figures from 2005
| show that Microsoft spent $8.7 million on lobbyist expenses. Almost
| a million dollars of that money went to Covington & Burling, a
| lobbying firm that also represents the National Football League and
| the Pharmaceutical Research & Manufacturers of America. Microsoft's
| total spending on lobbying has risen substantially from the $4
| million it spent in 1998.
| [...]
| Where does it come from?
| Although some of this money comes from large employee donations,
| most of it does not. Take Microsoft, for instance; the Center for
| Responsive Politics says that the company received only $302,599
| from individual donors who gave more than $200 in this election
| cycle, only a small fraction of the $1.7 million actually spent.
| As is typical, much of this money came from the company's top
| brass, while the rest was made up of small contributions.
| The maximum individual contribution to a PAC is $5,000 a year.
| Melinda, whose occupation is listed in Federal Election Commission
| records as "homemaker," regularly contributes this amount, as does
| Bill. Steve Ballmer coughed up, too. Microsoft can use general
| company funds to support the PAC and its operations, but cannot
| give directly to candidates.


Microsoft Chairman [Still] Sells Shares

,----[ Quote ]
| In Form 4s filed with the SEC, Gates reported he sold the shares Thursday for 
| $29.12 to $29.78 apiece. 

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