Bill Gates,Founder of Microsoft,sold Ten Million Shares ,a little over 1% of his holdings, for US $ 227 Million in a week spanning October 31,2008 to November 6,2008
Microsoft is quoted now at just over US $ 21.Bill Gates still hold nearly 9% of the Equity and over 780 million shares which would be valued at over US $ 16.50 billion.
INSIDER & RULE 144 TRANSACTIONS REPORTED
Sold 10 Million Shares
Aggregating US $ 227 Million
This is part of Bill Gates direct stake which he has sold…selling a slice in these uncertain and volatile times to secure a slice of his Future perhaps !…..Even the Richest Man on this Planet needs to encash to feel personally financially secure !…or does he plan some more charity ?
Incidentally Bill Gates slipped into India and Pune last week without informing his Charity Foundation Team here….he personally went to the red light areas in Pune to assess for himself whether his Charity Aid was actually reaching the people there
Really amusing that in the past whenever Bill Gates touched our shores, he was ardently wooed by Politicians and Industrialists and Media alike…every sentence he uttered became a “Quote”
This Time around we are all preoccupied with what will happen to us and our Sensex…not him….as Stock Markets are in a great sell off panic mode globally and the World’s Financial System is on the verge of Breaking Down as Recession raises it’s Ugly Head in US and Europe…..and our Sensex has chopped off over 50 % of it’s 2008 high and the Share Price of Microsoft is down to US $ 21.30,just over 11 times it’s trailing EPS of US $ 1.89 and a Market Cap of US $ 189 Billion…..In the heady days in 1999 Microsoft was quoted at 70 multiples and Bill Gates had warned that Investing in his Company at such crazy valuations would be a gamble…it was too much of a long Term risk as he did not expect his company to be in the top three after 25 years