Northern, WI 08/27/2013 (usastockreport) – The long awaited benefits from new leadership to the Windows giant, Microsoft Corporation (NASDAQ:MSFT) after the recent announcement on resignation by its Chief Executive Officer Steve Ballmer in next twelve months, thereby pushing the company into an uncertain era of searching out for a new leadership. The software behemoth had surprised the analysts by the end of last week with this announcement which was in fact awaited for long by the analysts and the investors.
Stock of Microsoft Corporation (NASDAQ:MSFT) had soared higher on Friday as if to ascertain that this announcement of resignation by the CEO is a positive news to boost the investor confidence on this struggling Windows maker. It was recently required of the company that there be effective upgrades to its products such that they could cope with the intense competition in the markets for tablets and smart phones. The CEO had commented that his announcement on resignation from the leadership at Microsoft could not have come at much better time than now.
Steve Ballmer had succeeded Bill Gates as the CEO to Microsoft Corporation (NASDAQ:MSFT) in 2000 and would stay on with the company until the new successor is found. Further, a committee had been formed to search for the new CEO which is presently chaired by John Thompson and will have Bill Gates as one of the member. The sales of Microsoft, especially from the Personal Computers segment had recently been flattening owing to the declining demand and increase in competition from other alternatives like the tablets and smart phones. It thus becomes essential that the company turns innovative to present new upgraded products to meet out this intense competition in the markets, so that it stays valuable to its shareholders.