At a Glance: Microsoft CEO Ballmer's ups and downs

Aug 24, 2013 by The Associated Press

Microsoft CEO Steve Ballmer announced on Friday that he plans to retire from the world's biggest software company after more than 13 years at its helm. Here's a look at the ups and downs of his tenure:

— 1980: Ballmer joins the company co-founded by Bill Gates and Paul Allen in 1975.

— July 21, 1998: Widely seen as the successor to chairman and longtime friend Gates, Ballmer is named president of the software company. He'd previously led Microsoft's sales and marketing.

— Sept. 23, 1999: Ballmer warns that are overvalued, including those of his own company, in public remarks that help accelerate a sharp sell-off on Wall Street. He blames a "gold rush" mentality for the stock price increases.

— Jan. 13, 2000: Gates promotes Ballmer to CEO of Microsoft while staying on as chairman and chief software architect.

— Nov. 15, 2001: Microsoft releases its Xbox , one of the company's most successful products.

— March 26, 2004: At a conference for online advertisers, Ballmer says Microsoft's biggest mistake was failing to develop its own search engine, which caused it to fall behind rivals Google and Yahoo in the space. "That's probably the thing I feel worst about over the last few years," says Ballmer. Ballmer vows to put more money into research and development of search technology at Microsoft.

— May 4, 2006: Ballmer says MSN Search, Microsoft's search engine, is gaining steam against rivals, but still trails Google and Yahoo.

— November 13, 2006: Microsoft launches the Zune music player, its answer to Apple's iPod. The company discontinues the Zune five years later, in 2011.

— Feb. 1, 2008: Microsoft makes unsolicited offer to buy Yahoo for $44.6 billion. Microsoft withdraws its offer months later due to resistance from Yahoo.

— April 12, 2010: Microsoft unveils the Kin phone, an attempt to compete with Apple's iPhone. The phone was discontinued two months later.

— May 10, 2011: Microsoft announces it will buy Internet phone service Skype for $8.5 billion.

— Oct. 25, 2012: Microsoft holds a launch event in New York for Windows 8, a major overhaul of its ubiquitous computer operating system.

— May 7, 2013: Microsoft says it will retool Windows 8 to address complaints and confusion. Microsoft also discloses that it has sold more than 100 million Windows 8 licenses.

— July 11, 2013: Ballmer announces a sweeping restructuring of the company to cope with the quickening pace of technological change and competitive challenges presented by Apple and Google.

— July 18, 2013: Microsoft books a $900 million write-down for slashing the price of its Surface RT tablet. Its revenue and earnings come short of Wall Street forecasts in the April-June quarter.

— Aug. 23, 2013: Microsoft says Ballmer will retire in the next 12 months after 33 years with the .

Explore further: Jury says Silicon Valley firm did not discriminate (Update)

Related Stories

Microsoft CEO sees Windows as key to growth plan

Sep 14, 2011

(AP) -- Microsoft CEO Steve Ballmer expects the Windows operating system to be "front and center" in the software maker's growth strategy despite a recent slowdown in personal computer sales.

Ballmer says 'Windows Era' everlasting

Nov 15, 2011

Microsoft chief Steve Ballmer proclaimed an everlasting "Windows Era" as the software giant's board easily won re-election at an annual meeting of shareholders on Tuesday.

Recommended for you

Intel in talks with Altera on tie-up

Mar 27, 2015

US tech giant Intel is in talks with rival Altera on a tie-up to broaden the chipmaker's product line amid growth in Internet-connected devices, the Wall Street Journal reported Friday.

Apple chief Cook to give his wealth away: Fortune

Mar 27, 2015

Apple chief Tim Cook is joining Mark Zuckerberg, Bill Gates and other technology titans who have vowed to donate their wealth to charities, according to a report in Fortune magazine.

BlackBerry tops 4Q profit forecasts

Mar 27, 2015

BlackBerry posted a surprise profit in the fourth quarter, but saw a sharp drop-off in revenue as the once-iconic smartphone company said it reached the halfway mark of its turnaround effort.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.