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The Last Xbox Founder Resigns From Microsoft

Written on May 27, 2011 by R. Cruise

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It is apparently the end of an era, as Otto Berkes - the final member of the four-person Xbox founding team has - left Microsoft.

According to The Seattle Times, Otto Berkes has ended his 18-year career at Microsoft on Monday. The current partner hardware architect for Bing is apparently joining “for another company outside of the Seattle area.” Otto Berkes – with Ted Hase, Kevin Bachus and Seamus Blackey – sent the first proposal for the Xbox game console […]

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Bill Gates Support Microsoft for buying Skype

Written on May 18, 2011 by Charles Bass

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"I think it's a great, great deal for Skype. I think it's a great deal for Microsoft," - Bill Gates

Bill Gates – Microsoft founder and former CEO has confirmed that he was one of the key behind Microsoft’s decision to purchase Skype for $8.5 billion. Gates as speaking to the BBC stated that he “I was a strong proponent at the board level for the deal being done”, “I think it’s a great, great deal for Skype. I think it’s a great deal for Microsoft,” he added.

Skype enables its users to contact each other over the internet for free, while charging for calls made to both traditional landline phones and mobiles, which why Google also had been closing in on Skype before Microsoft came in to scoop up the IP-telephony service and its 600 million users.

Share holders and investor criticize and questioned the logic of the deal and suggested the software giant is paying far too much. But for Gates to backup the decision of buying Skype, we hope Microsoft will not fail in future.

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Microsoft CEO Sells $1.3 Billion Worth of Microsoft Shares

Written on November 08, 2010 by Charles Bass

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This might come as a surprise but it is true that Microsoft CEO Steve Ballmer sold 12% of his Microsoft stakes. But just in time with the news, Microsoft Co-Founder Bill Gates also sold a part of his Microsoft stakes. Coincidence?

Microsoft CEO Steve Ballmer recently sold 12% of his shares in Microsoft that’s worth over $1.3 billion. According to the SEC, Ballmer sold 49.3 million Microsoft shares during the last three days making his ownership to 4.2% of the company. He sold his shares between $26 and $28.

Ballmer readied himself with a statement for the watchful eyes of the people. This statement was posted on Microsoft’s website.

Here is Ballmer’s statement:

“Even though this is a personal financial matter, I want to be clear about this to avoid any confusion. I am excited about our new products and the potential for our technology to change people’s lives, and I remain fully committed to Microsoft and its success.”

He also stated that he intends to sell more stakes up to 75 million before 2011. Possibly, he could sell 25 million shares of the company. This also coincides with the event of which Bill Gates sold 1 million of shares worth $27.2 million.

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