It's the big news story that's turning heads all over the world ever since the story broke last night. Arguably the most important name in technology, 50-year-old Microsoft founder Bill Gates announced yesterday that effective July 2008, he will only be working "part-time" at Microsoft. Said Gates in a news conference on Thursday, "The change we're seeing today is not a retirement, it's a reordering of my priorities."

Gates says he will move to a more full-time position with the Bill & Melinda Gates Foundation (link), but will continue to stay as a chairman and advisor to Microsoft. Gates's position at Microsoft will be filled by current exec Ray Ozzie (link). It'll be tough to see Microsoft headed by someone else, though considering he's got over $50 billion, I can hardly blame Mr. Gates's decision. Analysts say the move is because Microsoft no longer has the potential for exponential growth like they've had over the past couple decades. How much further can you go when you've got control of 90% of the world's computers?

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Report Published by: Mark Raby