Gates responds to questions about his stock sales

The recent jump in Microsoft's stock price was on the minds of shareholders during the company's annual meeting in Seattle this morning, but not necessarily with a sense of satisfaction. During the question-and-answer period, a couple shareholders asked and commented about recent stock sales by Bill Gates and some other executives following the share increase."Like all the shareholders in this room and elsewhere, we were delighted three weeks ago when the stock took a nice bounce up and exceeded its six-year high. Curiously after that, for about the next 10 days, the stock has been decreasing," said shareholder Peter Schroeder.He cited executive and board-member stock sales and added: "The talk out of Wall Street is that this showed a certain lack of confidence in the future of where the company is going." Read full story...

 


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