In the history of sudden wealth loss, China's richest man may have set a new record, losing as much as $15 billion in a half-hour.» Read More
Here's the thing about technology and the technology industry: pioneers and visionaries like Microsoft, Intel, Sony and so many others didn't make their fortunes focused on today and tomorrow. They're all about the future, which is particularly important in today's current economic climate.
Yahoo - and Mr. Yang’s fate - were Topic A at the annual billionaires’ summer camp, as rival moguls gossiped about whether Yahoo would end up in the hands of Microsoft.
The plot thickens, the noose tightens, and when it comes to Yahoo and Microsoft, the "Little Merger That Couldn't," shareholders this morning, trying to climb this hill, are probably saying "I think 'I-cahn, I think 'I-cahn.'"
Today's the day. Well sort of. Bill Gates will retire from Microsoft, kind of. He's leaving the day-to-day responsibilities to others. But not really.
Gates and Ballmer started with a trip down memory lane, talking about one of the tech industry's most enduring and successful relationships, stretching back 28 years. And it was an opportunity Ballmer almost missed out, thanks to the subtle recruitment strategy by Gates.
I've gotten ahold of Microsoft CEO Steve Ballmer's internal memo he emailed to the troops this morning about his plans to spend $45 billion in a hostile bid for struggling search stalwart Yahoo. (Thanks for sending. You know who you are!)
All you can say is 'wow!' Not in an Apple or Google kind of way, but 'wow,' nonetheless.Microsoft beats the Street by 3 cents a share, coming in with 49 cents instead of the 46 cents that analysts were looking for. That's a staggering 72% year-over-year EPS jump. Topline growth also soared past expectations. Microsoft reported $14.4 billion in revenue versus the $13.89 billion analysts expected.
Microsoft said on Monday that it sold more than 20 million Windows Vista licenses in the first month since the operating system's general debut on Jan. 30.
Ballmer spoke at Rockefeller Center in New York to discuss a joint venture between Microsoft and Nortel under which the companies are introducing a raft of products and services aimed at delivering business communications over software and Internet networks.