Sunday, March 04, 2007

Gates sells more Microsoft stock, filings show

Wow I wish I had that kind of problem! Wonder what he is going to do with it this time? Give it to somebody probably, maybe a cure for cancer? diabetes? Who knows?

NEW YORK (MarketWatch) -- 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.

For the month February, Gates has sold 20 million shares of Microsoft stock to raise about $580 million, the filings say. Gates still owns 917.5 million shares of Microsoft after the share sales, according to the filings. This represents about 9.2% of total diluted shares outstanding as of Dec. 31.

And he did this on Monday before the market had one of its worst days ever. Can't have too much Luck!