NEW YORK -- Microsoft Corp.'s Chairman and Chief Executive Bill Gates said Thursday he was comfortable with the software giant's listing on Nasdaq and doesn't expect a move to the New York Stock Exchange.
"As far as what exchange we're traded on, I doubt we'd make a change there," he said in a speech to the New York Institute of Technology, where he was honored for his contributions in education and technology.
"Our financial people are always looking at that," he said. "But we've done very well as a Nasdaq company. So I wouldn't expect we'd make a change."
He said the addition of Microsoft and No. 1 chip maker Intel Corp. was "recognition of what has already taken place within the economy. Microsoft and the technology sector has been a huge engine of growth for the whole economy."
He added that he didn't think Microsoft's inclusion would affect its stock price.
Monday, Dow Jones & Co. Inc. said that Microsoft, Intel, SBC Communications Inc. and Home Depot Inc. would be added to the 30 companies that make up the 103-year-old Dow Jones Industrial Average. Until now, the DJIA has been composed of NYSE-listed companies.
The four companies replace Sears, Roebuck and Co.; Goodyear Tire & Rubber Co.; Chevron Corp.; and Union Carbide Corp.
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