Chief correspondent, Seattle
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Jan 27, 2011

Microsoft beats Street but consumer worries linger

SEATTLE (Reuters) – Microsoft Corp (MSFT.O: Quote, Profile, Research) surprised Wall Street with a better-than-expected profit, but its shares stayed flat as investors expressed concern about the weakness of computer sales amid a faltering U.S. recovery.

The world’s largest software maker, whose Windows operating system still runs on 90 percent of the world’s computers, is heavily dependent on PC sales, which grew only 3 percent in the quarter, and is starting to feel competition from Apple Inc’s (AAPL.O: Quote, Profile, Research) iPad.

Jan 27, 2011

Microsoft profit falls slightly on stale PC growth

SEATTLE, Jan 27 (Reuters) – Microsoft Corp (MSFT.O: Quote, Profile, Research, Stock Buzz) posted
a small dip in quarterly profit on Thursday as sales of
personal computers lagged expectations and Apple Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz)
iPad started to eat away at the fringes of its core market.

The world’s largest software maker, which powers more than
90 percent of the world’s computers, reported fiscal
second-quarter profit of $6.63 billion, or 77 cents per share.
That compared with $6.66 billion, or 74 cents per share, in the
year-ago quarter. The per share figure was higher due to a
reduction in shares outstanding from last year.

Jan 27, 2011

Microsoft set to report lower profit on stale PC growth

SEATTLE, Jan 27 (Reuters) – Microsoft Corp is set
to report a dip in earnings on Thursday, a year after the launch
of its Windows 7 operating system blew away Wall Street
estimates, as sales of personal computers lag expectations and
Apple Inc’s iPad eats away at the fringes of its core
market.

The world’s largest software maker, which powers more than
90 percent of the world’s computers, is still a money-making
machine, but its fortunes are tied to vulnerable PC sales and
investors have doubts it can replicate its dominance in the
fast-growing mobile and tablet markets.

Jan 26, 2011

A year later, Microsoft picture looks very different

SEATTLE (Reuters) – A year ago, Microsoft Corp blew away Wall Street’s earnings forecasts with blistering sales of its new Windows 7 operating system and trumpeted optimism about the recovery in tech spending.

This week, with its stock trading slightly lower than a year ago, the world’s largest software company is set to report lower profit as PC sales growth fizzles, and it struggles to convince investors that it can grab a foothold in the fast-moving mobile and tablet markets.

Jan 21, 2011

Facebook to unveil financials, raises $1.5 billion

SEATTLE (Reuters) – Facebook is preparing to open its books this year or early in 2012 to give investors a glimpse into the financial workings of the world’s No. 1 social network, after it sealed an oversubscribed $1.5 billion round of financing led by Goldman Sachs.

The financing, $1 billion of which is from Goldman Sachs’ overseas clients and $500 million from Goldman itself and Russian investment firm Digital Sky Technologies, gives the company a projected value of $50 billion, setting the stage for what could be one of the largest initial public offerings next year.

Jan 21, 2011

Google visionary Larry Page back in the CEO saddle

SEATTLE (Reuters) – Larry Page once built an inkjet printer entirely out of Lego bricks. And now that Google is all grown up, it just might need that youthful ingenuity again.

Page’s return as chief executive of the company he co-founded 13 years ago is a sign that the maturing Internet giant is looking to recapture its original feel and edge.

Jan 21, 2011

Google visionary Page back in the CEO saddle

SEATTLE (Reuters) – Larry Page once built an inkjet printer entirely out of Lego bricks. And now that Google is all grown up, it just might need that youthful ingenuity again.

Page’s return as chief executive of the company he co-founded 13 years ago is a sign that the maturing Internet giant is looking to recapture its original feel and edge.

Jan 20, 2011

Seagate sales, profit fall; shares decline

SEATTLE, Jan 19 (Reuters) – Seagate Technology Plc (STX.O: Quote, Profile, Research, Stock Buzz)
reported sharply lower quarterly profit on flagging demand for
its computer hard drives and forecast a dip in profit margins
this quarter as selling prices continue to erode.

The world’s largest hard drive disk maker, which was in
ultimately unfruitful discussions with private equity firms
over a potential $9 billion takeover late last year, said it
was considering a regular dividend, in addition to a massive
share buyback plan announced in November, to reward
shareholders.

Jan 17, 2011

Apple COO Cook steps up, again

SEATTLE (Reuters) – Steve Jobs’ third medical leave from Apple Inc ushers in a third stint in charge for his No. 2 Tim Cook, the low-profile but highly regarded executive tipped to lead the company one day.

The 50-year-old Alabama native, who has been at the company since 1998, was seen as a safe bet to run Apple’s day-to-day operations while Jobs was away for medical reasons in 2009. During that time, the company prospered and its stock jumped 60 percent.

Jan 10, 2011

Microsoft shakeup continues, server unit head exits

SEATTLE (Reuters) – Chief Executive Steve Ballmer has ousted the head of Microsoft Corp’s third-largest unit, marking the latest in a series of high-level departures as the software company tries to regain its leadership in the technology sector.

Overtaken by Apple Inc as the world’s most valuable tech company last year, and stung by a stagnant stock price for the last decade, Microsoft has been shaking up its top leadership for several years.

    • About Bill

      "Bill Rigby is Reuters' chief correspondent in Seattle, reporting on Microsoft and Boeing and overseeing coverage of general news in Washington state, Oregon and Alaska. He has been a Reuters journalist since 1998, reporting on banks, insurers, stock markets, defense companies and airlines from Reuters bureaux in London, New York and Seattle."
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