I won’t be wrong if I say that Microsoft changed the whole game when it comes to technology. It’s very sad hearing that great CEOs have passed away or retired and we always tend to look back to all things that have been done when that person was in charge. We have the same situation here and Microsoft CEO Steve Ballmer has announced that he decided to retire sometime in the year that follows.
This CEO, who took over the work from Bill Gates back in 2000, is very well known by his great personality and his strong business discipline. He also said that there is a challenge ahead of him because he needs to decide who will be his successor on this job. We have to mention that this great mastermind has helped Bill Gates ttransform his company from a startup to one of the greatest tech company of all time. There aren’t any details given what has made him retire but we will know for sure when the day comes.
We find ourselves in an era where personal computers have been replaced by tablets and smartphones. We are not quite there yet but we are heading with full speed at it. This millennium was marked as a dark period for this company and most of it was Ballmer’s fault. This is the case according to many market analysts who claimed that Ballmer didn’t take the threats from Google and Apple really serious when they began entering the market that was previously controlled by Microsoft. Ballmer hasn’t even considered Google as a threat saying that this is a one-trick company. Back in 2007 when we first met the iPhone, Ballmer said that there is not even a slight chance that this gadget will get profitable market share. We all know how these things came up.
Google was quick in changing its habits and it made some crucial steps heading towards Internet video, email, mobile computing and online maps. This was only covering all the spots that haven’t been covered by Apple’s iPhone and later iPad. Google has made things even worse than Apple for this company in the PC industry. Everything started to go upside down and as Microsoft’s stats decreased, the total value followed. When Bill Gates left the company into Ballmer’s hands back in January 2000, Microsoft was worth $601 billion while today we don’t have this number anymore and the value of this company is $270 billion.
Ballmer will stay in charge until the perfect replacement is found. Microsoft has announced that a search committee will be formed in order to find the right person for the job. This committee will include Bill Gates, too. This information reflected quite well on the stock price because it went up for 7% closing at $34.75.
Maybe the ‘Ballmer period’ wasn’t that good but we can’t forget who was standing alongside Gates when Microsoft became the industry leader. We will come up with another report when Microsoft will be taken over by another person that will be found by this committee.