Feeds

Gates and Allen to raise $350 million in petty cash

Just diversifying, says Bill, but he'll have to sell faster than this...

  • alert
  • submit to reddit

Security and trust: The backbone of doing business over the internet

Bill Gates and Paul Allen, co-founder of Microsoft, have filed forms to sell small but intensely valuable slices of their shares in the company. The US Securities and Exchange Commission (SEC) requires that insiders file notification of their intention to sell, although they don't actually have to complete the deal. Gates will sell up to 2.5 million shares for something in the region of $250 million, while Allen may shift just over 1 million. In Gates' case he says he's diversifying his portfolio, but as he currently owns around 270 million Microsoft shares he has a way to go. Allen on the other hand probably has more immediate reasons for raising cash. He's been building a portfolio of cable TV assets in the US in anticipation of the digital revolution penetrating consumer markets, and financing network upgrades and set-top box installations could easily swallow a fe billion dollars.

New hybrid storage solutions

More from The Register

next story
Hey, Scots. Microsoft's Bing thinks you'll vote NO to independence
World's top Google-finding website calls it for the UK
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.