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Gates to sell five million Microsoft shares

Margaret Kane CNet

Published: 03 Aug 2001 09:20 BST

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The planned sales are valued at $335.45m. Gates, one of the richest people in the world, often sells shares of his company as part of a regular investment program. In May, he filed plans to sell eight million shares.

Registering to sell the shares does not obligate Gates to sell them. He owns roughly 700 million shares of stock in the company.

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