What a nice way to top off an already big week.
Posting first-quarter financials before market opening this morning, Microsoft said it earned 40 cents a share on revenue of $12.92 billion, besting analyst estimates that had called for a profit of 32 cents a share and revenue of $12.4 billion.
Nonetheless, the software giant still saw both profits and revenue decline for the third quarter in a row.
Microsoft brought it’s not-so-anxiously-awaited Zune HD to market today. With its touchscreen, Wi-Fi capability and high-definition video output, the device is intended as an answer to the iPod touch, though it lacks the application marketplace that helped make Apple’s device so popular. And it’s not going to be getting one anytime soon, either.
Kai-Fu Lee’s uneventful departure from Google to start a Beijing incubator really belies the spectacle that attended the beginning of his tenure at the search giant. Lee’s train-hopping from Microsoft to Google back in 2005 touched off a five-month pitched battle marked by all manner of inanities and expletive-laden outbursts.
“This is the one that stuns me, that people haven’t figured it out,” said Microsoft CEO Steve Ballmer this morning in Redmond at the company’s annual Financial Analyst Meeting, truly surprised at Yahoo investors’ negative reception to the Microsoft-Yahoo deal. How to convince them otherwise? Not to fear, Steve! The Microsoft-Yahoo propaganda machine is in full swing and has already produced its first talking-points docs.
Good thing Wall Street wasn’t expecting much from Microsoft. Because it didn’t get it.
After market close Thursday, the Redmond, Wash-based tech giant reported that fiscal fourth-quarter net income fell to $3.05 billion, or 34 cents a share, from $4.3 billion, or 46 cents a share, in the same period a year earlier. Revenue for the period ended in June fell 17 percent to $13.1 billion.
Microsoft missed Wall Street revenue estimates by $1 billion. Gruesome.
Apple and Microsoft have long competed for market space. And soon they’ll be competing for retail space as well. In remarks at Microsoft’s Worldwide Partner Conference today, COO Kevin Turner said Microsoft has settled on a location for the retail stores it announced earlier this year: Right next to Apple’s stores. There goes the neighborhood, right?
Microsoft may have failed in its bid to acquire Yahoo last year, but it hasn’t failed in its bid to acquire some of the company’s talent. Between November 2008 and March 2009, Redmond hired away five Yahoo veterans. Now comes word that it’s picked up three more.
Windows XP is almost nine years old. And it will be almost 11 before it is finally retired for good now that Microsoft has once again extended XP downgrade rights, this time for 18 months following the general availability of Windows 7.
Early gains do not guarantee a long-term increase in search market share, and thanks to its experience with Live Search and Live Search Cashback, Microsoft knows this better than anyone. That said, Redmond’s new search engine, Bing, does seem to be making some solid progress.
Nintendo really should have cut its losses yesterday and cancelled its E3 press conference after Microsoft’s Project Natal demo. How could it possibly have trumped Redmond’s controllerless game control system? Certainly not with a blood pressure monitor.
2009 is proving to be a year of dubious distinction for Microsoft in patent litigation. On Wednesday the company was ordered to pay $200 million to Toronto-based i4i for willfully infringing its patents.
Think of it as Facebook for the people you actually know and like, those whose health and safety you’d worry about in a natural disaster. It’s called Microsoft Vine and it’s not so much a social network as it is a “societal” one–or at least, Redmond likes to bill it as such.
If Yahoo employee defections to Microsoft continue apace, there may come a day when Redmond will no longer need to buy the struggling company’s search business. It will already have acquired it. This week yet another Yahoo alum joined Microsoft: Jan Pedersen, a former chief scientist and VP in the company’s Search and Advertising Technology Group.
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper.
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
Best video mashup ever.
A Facebook Memorial
Wow.
Worth it for the Rickrolling photo alone.
Excellent.
Flughumor!
… you vacuous, toffee-nosed, malodorous perverts
Stephen Fry and zoologist Mark Carwardine meet the kakapo — a fat, flightless and very randy rare parrot.
Spectacular in the bellowing Russian sailor sense of the word …
“If you spell something wrong on your insurance claim, do you really deserve surgery? I don’t think so …”
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