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Microsoft Corporation (MSFT) Co-Founder Paul Allen, 65, Passes Away

Incredibly sad news hit the wires on Monday evening, as Microsoft Corporation (NASDAQ:MSFT) co-founder Paul Allen has passed away at age 65. Allen had been battling non-Hodgkin’s lymphoma. 

Fox Business passes along a statement from Allen’s family on his passing.

“My brother was a remarkable individual on every level. While most knew Paul Allen as a technologist and philanthropist, for us he was a much-loved brother and uncle, and an exceptional friend. Paul’s family and friends were blessed to experience his wit, warmth, his generosity and deep concern. For all the demands on his schedule, there was always time for family and friends. At this time of loss and grief for us – and so many others – we are profoundly grateful for the care and concern he demonstrated every day,” Allen’s sister, Ms. Jody Allen, said in a statement.

Allen teamed up with Bill Gates to create Microsoft back in 1975. “I am heartbroken by the passing of one of my oldest and dearest friends, Paul Allen. From our early days together at Lakeside School, through our partnership in the creation of Microsoft, to some of our joint philanthropic projects over the years, Paul was a true partner and dear friend,” said Gates in a statement. “Personal computing would not have existed without him.”

Microsoft Corporation shares rose $1.19 (+1.11%) in premarket trading Tuesday. Year-to-date, MSFT has gained 27.42%, versus a 4.17% rise in the benchmark S&P 500 index during the same period.

MSFT currently has a StockNews.com POWR Rating of B (Buy), and is ranked #3 of 69 stocks in the Software – Application category.

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