[Am-info] Gates Sells 7% Of Microsoft Holdings, Buys Into Health Care

John J. Urbaniak jjurban@attglobal.net
Fri, 06 Sep 2002 10:05:30 -0400


Gates unloads his stock while MSFT employees' options get more and more
worthless.

I wonder what the employees will do to him when they finally awaken from
their sleep and realize what he did to them.  That is, if they can find
him and catch him, of course.

John


"Fred A. Miller" wrote:

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> Gates Sells 7% Of Microsoft Holdings, Buys Into Health Care
>
> Bill Gates has seen the future, and in his investing opinion,
> it's health care. At least that's what recent public filings by
> Microsoft may indicate. The software company's chairman has
> unloaded 9 million Microsoft shares--valued at more than $463
> million--since the beginning of August. That includes 2 million
> shares he sold this week, according to a Securities and Exchange
> Commission document. As of June, Gates held 660 million Microsoft
> shares.
>
> At the same time, Gates, widely heralded as a trend-predicting
> savant, has been loading up on biomedical and health-care stocks.
> In the second quarter, he bought 2.6 million shares of
> Prozac-maker Eli Lilly. He also acquired 1.3 million shares of
> Merck and 1.2 million shares of Pfizer.
>
> Microsoft has been vexed by ongoing antitrust and consumer
> litigation and a rash of Windows security flaws that has forced
> the company to issue patches regularly. Company representatives
> weren't available Thursday for comment. - Paul McDougall
>
> For some background on Gates' investing habits, read:
> Gates Selling 1 Million (Of His 661M) Microsoft Shares
> http://update.informationweek.com/cgi-bin4/flo?y=eImu0Bce7K0V20BeaS0A4
>
> Gates Opens Stake In Home Depot
> http://update.informationweek.com/cgi-bin4/flo?y=eImu0Bce7K0V20BhrW0AT
>
> - --
> Fred A. Miller
> Systems Administrator
> Cornell Univ. Press Services
> fm@cupserv.org, www.cupserv.org
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