Here is the latest from Microsoft — Gates will transition to his charitable foundation work, handing the reins to Ballmer, Ozzie and Mundie by Jul 2008. Here is the latest from CNN Money:

“Microsoft announced Thursday that chairman and co-founder Bill Gates will transition out of a day-to-day role at the company, effective July 2008, to spend more time working on his charitable foundation.

Gates will then work part-time at Microsoft as chairman and technical adviser and will work full time for the Bill and Melinda Gates Foundation, the organization he founded with his wife, which focuses on global health and education.

‘I’ve decided that two years from today, I will reorganize my personal priorities,” Gates said during a news conference, adding,”I have one of the best jobs in the world.’ “

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