Wednesday, Jun 29, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Nation

Microsoft stockholders disgruntled with results

Meeting attendees cite products, share price

BELLEVUE, Wash. — Microsoft Corp. shareholders filed out of the software giant’s annual meeting grumbling that they did not get to ask more questions in their once-a-year opportunity to quiz Chairman Bill Gates and CEO Steve Ballmer.

Tuesday’s event broke up with only a smattering of applause from 450 or so in attendance, while a handful of shareholders angrily shouted for more time to ask questions, after a strictly enforced 15 minutes.

Bill Parker, a shareholder from Cashmere, Wash., said, “We drove through the snow to get here. He [Mr. Ballmer] is talking about tablets and phones as if it were a new thing. Apple’s had these things for years. My granddaughters don’t even know what Microsoft does. They should treat the owners better than they do.”

Despite posting record profit of $23.1 billion last fiscal year, many shareholders are concerned about Microsoft’s static share price, which has been stuck in the $20 to $30 range for more than a decade, and worry the company is losing ground to tech rivals Apple Inc. and Google Inc.

At the meeting, Mr. Ballmer rejected a shareholder suggestion to break up the company, and laid out his often-stated plan to put Windows at the forefront of the company’s push into new forms of computing such as tablets. He also highlighted the Xbox video game console as a game-changing consumer device.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…