Ballmer retirement sends MSFT shares soaring

11:02 AM ET Fri, 23 Aug 2013

Dan Niles, AlphaOne Capital Partners, discusses the jump in Microsoft shares after the announcement CEO Steve Ballmer will retire next year. Niles explains why he is buying some shares now as a short-term play. And CNBC's Jon Fortt shares his thoughts on the timing of Ballmer's departure.