Top executive resigns from software company, Microsoft
Head of Microsoft's Windows unit, Steven Sinofsky has decided to
resign from his position at Microsoft after being with the company
for 23 years. The news came shocking since Sinofsky was expected to
become MSFT's next CEO.
Sinofsky started at the company in 1989, where he worked as Bill
Gates assistant. He will now be replaced by Julie Larson-Green.
Additionally, the company reported that CEO Steve Ballmer will also
take on extra responsibilities.
Ballmer commented, "I am grateful for the many years of work
that Steven has contributed to the company. The products and
services we have delivered to the market in the past few months
mark the launch of a new era at Microsoft."
Although Sinofsky did not give a reason why he was leaving the
company, an executive from the company reported that the decision
was mutual, and Sinofsky is not expected to work for another
company anytime soon.
Microsoft shares were down $1.10, or -3.90% during premarket
The Bottom Line
Shares of Microsoft (
) have a 3.26% dividend yield, based on last night's closing stock
price of $28.22. The stock has technical support in the $26 price
area. If the shares can firm up, we see overhead resistance around
the $30-$31 price levels.
) is not recommended at this time, holding a Dividend.com DARS™
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