Software giant Microsoft's new operating system, Windows 7, will be available in the market by Christmas 2009, the company's chief executive officer Steve Ballmer said on Wednesday.
Ballmer said he is proud of the fact that no company can beat Microsoft in terms of profit and he is not bothered about stock market assessment.
The Redmond-based company had announced in January that it would axe 5,000 jobs globally amid the ongoing slowdown.
In January, the software major announced that it would trim 5,000 jobs over the next 18 months. Rattled by the adverse global economic conditions, Microsoft posted a fall in quarterly revenue for the first time in 23 years, last month.
The $9.5 billion Nokia deal was the last in a string of bad deals struck by Chief Executive Satya Nadella's predecessor, Steve Ballmer.
A proposed online search advertising deal between Yahoo and Google came under fire at a US Senate hearing as Microsoft claimed that Yahoo CEO Jerry Yang had himself admitted that the agreement would hurt competition.
Following developments on Thursday, Microsoft is likely to pursue a hostile bid for Yahoo Inc takeover, people familiar with the proceedings said. Price will be a key factor if Microsoft turns hostile towards Yahoo. Microsoft's cash-and-stock offer was valued at $29.48 a share as of 4 p.m. on Thursday, on Nasdaq stock market composite trading. Yahoo had rejected this offer on the grounds of undervaluation. Microsoft had decided to up its bid as much as $ 33 per Yahoo share.
As Microsoft's new search engine Bing competes for market share with well-established rivals Google and Yahoo, chief executive Steve Ballmer on Thursday said the company should have entered the online search engine market earlier at the same time is willing to make investments in its search business over the next five years.
Microsoft announced the biggest acquisition in its history by buying digital marketing firm aQuantive for $6 billion in an all-cash deal.
If the software giant gets tired of chasing Yahoo!, there are plenty of other ways it can spend $40 billion.
Earlier this year, Yahoo! had spurned a $47.5-billion takeover bid from the software giant. The deal was mainly opposed by its chief executive Jerry Yang. Yang who is a co-founder of Yahoo! had last month announced that he would step down as the chief executive but would remain with the firm.
Anil Ambani-spearheaded Reliance Communications Ltd will on Thursday launch online video streaming on mobile phones, a service that would allow the company to mobile cast events to all its subscribers.
While Google's phenomenal growth may by the envy of many, Microsoft Corp CEO Steve Ballmer criticised the Internet company for trying to grow too fast.
Though Ballmer was caught off guard, he pulled himself together and went on record: "Oh no, not at all. Why should we be? We are the market leaders. Every day is a day of opportunities for us and we are eager to take those opportunities."
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My experience with a high-tech phone makes me ask a few questions which every potential user of such multi-feature devices should ask.
Global software behemoth Microsoft on Wednesday said it aims to capture a respectable marketshare in the popular online search engine space currently dominated by Google and Yahoo.
Microsoft on Tuesday announced its decision to localise Windows and Office software in 14 Indian languages over the next 12 months and that the company would hire 'hundreds' in India this year.
Billed as the biggest development centre outside America, the global IT giant Microsoft inaugurated a new campus in Hyderabad.
Surprisingly, Jeff Bezos is the new entrant to the list and ends up holding the first position.
Pune-based entrepreneur's unlisted company is already the largest vaccine manufacturer in the world and the networth has been helped by vaccine distribution and manufacturing potential of his business, it added. Recentrly, Serum struck an agreement with AstraZeneca to manufacture 1 billion doses of coronavirus vaccine being developed by Oxford University.
Microsoft on Tuesday said it will offer commercial cloud services from local data centres in India by 2015 as the tech giant gears for competition for the estimated $2 trillion domestic market opportunity from rival firms like Google and IBM.
Finland's Nokia, once the undisputed leader in mobile phones, has been struggling to respond to the challenge from smartphone makers such as Apple and Samsung.
After Satya Nadella, Manipal University is celebrating another alumni's rise to the global boardroom, Rajeev Suri, who has been appointed as the CEO of Finnish firm Nokia.
"In a year dominated by political chaos and bluster, it was a rare brand of steady -- even quiet -- leadership that won the day in the business world. And no one epitomises that brand of obsessively results-driven, team-based leadership more than our new No. 1 Businessperson of the Year," Fortune said.
Microsoft had acquired Nokia's phone business for $7.2 billion two years ago under its then CEO, Steve Ballmer.
Nadella's journey, from being a Hyderabad boy to possibly helming one of the world's biggest technology companies is what dreams are made of.
The footprints of Indian-origin corporate executives at multinationals is expanding, with Sandeep Kataria taking over the reins of footwear major Bata as its global chief executive officer. From FMCG majors to IT titans, Kataria joins the league of Indian-origin executives who have climbed the highest echelons of corporate across diverse sectors globally. From Nooyi to Pichai to Nadella, the list of such people at the helm of multi-billion dollar enterprises is long.
Dorsey works to rebuild employee morale and confidence at Twitter after a spate of high-level departures.
Gates has sold 20 mn shares each quarter under a pre-set trading plan
Nadella has been ranked fifth among 50 global corporate heads by Fortune Magazine in its annual 'Businessperson of the Year' compilation, followed by CEO of Milwaukee-based maker of water heaters A O Smith Ajita Rajendra on the 34th spot, HDFC Bank's Managing Director Aditya Puri on the 36th position and Banga on 40th.
Buying LinkedIn means Microsoft will control the best-known network.
With the emergence of cloud computing, Microsoft has a real opportunity in India.
A month after taking over as Microsoft chief, Satya Nadella on Tuesday announced a major top-level reshuffle, which saw the heads of marketing and business development resigning.
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