NEW YORK (TheStreet) -- It's been a disappointing decade for Microsoft (MSFT) shareholders, but that might change soon. TheStreet's Debra Borchardt and Chris Ciaccia look at how the retirement of CEO Steve Ballmer could affect the company.
The announcement, made ahead of the open on Friday, helped push the company's shares up 7%. It's usually a bad sign when the stock price goes up when the CEO steps down, Ciaccia said.
Ballmer is said to be leaving the company within 12 months, after Microsoft can find a suitable replacement, Ciaccia said. The company should not promote from within but bring in someone from the outside, he added.
The company has few innovative products and is struggling with low PC sales, so bringing in someone from the outside with a different perspective and fresh ideas would likely be a good thing, Ciaccia said. He added the only innovative product that's emerged under Ballmer's watch was the Xbox, and the finance and technology worlds largely dislike him at the helm.So far, no candidates have been announced and the speculation has been rampant. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
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