Steve Ballmer sells 12 percent of his Microsoft shares

The shy and retiring CEO of Microsoft Steve “there is a kind of hush” Ballmer has been selling off his stake in the company.

Ballmer has cut his stake by about 12 percent, in his first sale of shares for seven years.

However, he has told the world plus dog not to read too much into the sale, He said he is still jolly confident that the Imperium will turn a pretty profit.

But Ballmer said that the 12 percent sell off is not the first. He will sell a few more in time for Christmas as he wants to diversify his investments and plan for taxes.

Ballmer said in a statement on the company’s website. “I am excited about our new products and the potential for our technology to change people’s lives, and I remain fully committed to Microsoft and its success.”

According to a filing to the US Securities and Exchange Commission, Ballmer sold 49.3 million Microsoft shares in the last three days, at prices just above and below $27 per share.

Steve whispered that he will flog 75 million shares by the end of this year which is about an 18 percent cut in Ballmer’s stake.

Ballmer is the second largest shareholder behind chairman, co-founder, and sworn foe of the mosquito, Sir William Gates III.

It seems that shareholders believed Steve and his share selling did not really affect the share price.