SHARE THIS ARTICLE

Microsoft shares fell 3 percent Thursday after Ford CEO Alan Mulally said that there is "no change in my plan" to stay with the automaker through the end of next year, dampening some investors' hopes he would take the top job at the software giant soon.



The stock's downturn came despite Mulally's comments on CNBC being no different than what Ford has been saying for months.

The market's reaction indicates investors were hoping the 68-year-old would in fact replace CEO Steve Ballmer, who is set to retire by August at the latest.



Read Article


Microsoft Shares Tumble After Mulally Says He Will Stay At Ford Until End Of Next Year

About the Author

Agent009

User Comments

Add your Comments

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters): [img]IMAGE URL[/img]
Example: [img]http://agent001.myautospies.com/images/sample.jpg[/img]