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Jan 31, 2015

IBM brings back bonuses for top execs even as profits slide

SEATTLE (Reuters) – International Business Machines Corp brought back annual performance bonuses for its chief executive and her top lieutenants for 2014 despite falling profits and a tumbling stock price, a regulatory filing showed on Friday.

The technology company, which has posted lower revenue for 11 quarters in a row as it struggles to transform itself into a cloud-based software and services company, withheld annual bonuses in 2013 at the executives’ own request.

Jan 30, 2015

Paul Allen, Seahawks’ quiet rocker, right on time

SEATTLE, Jan 30 (Reuters) – Seattle Seahawks owner Paul Allen has the knack of being in the right place at the right time.

He was the man who persuaded Seattle school-friend Bill Gates to drop out of Harvard and in 1975 create a company called ‘Micro-Soft.’

Jan 28, 2015

Microsoft stock punished as concerns multiply

SEATTLE (Reuters) – Investors wiped $35 billion off Microsoft Corp’s (MSFT.O: Quote, Profile, Research, Stock Buzz) market value on Tuesday without any clear-cut, single explanation.

The world’s largest software company, whose shares had climbed about 30 percent over the past 12 months to near 15-year highs, instead worried investors with a series of troubling signals in its earnings report and conference call on Monday.

Jan 27, 2015

Microsoft profit falls on sluggish Windows, currency pressure

SEATTLE (Reuters) – Microsoft Corp (MSFT.O: Quote, Profile, Research) on Monday reported a fall in its quarterly profit that was in line with Wall Street forecasts, as sluggish personal computer sales dampened demand for Windows software and the company struggled with the impact of the strong U.S. dollar.

Shares of the world’s largest software company, which have surged to 14 year highs in the past few months, fell 3 percent in after-hours trading, to $45.63.

Jan 27, 2015

Microsoft’s core goes soft, as it focuses on cloud transition

SEATTLE (Reuters) – The main engine of Microsoft Corp’s (MSFT.O: Quote, Profile, Research) historic earnings power – selling Windows and Office to big businesses – is showing signs of waning, and investors are concerned that the shift to the cloud is not making up for the shortfall.

Shares of the world’s largest software company fell more than 4 percent after hours on Monday, as it forecast a slight sequential dip in commercial licensing sales this quarter, and only a modest increase in cloud-based revenue over the quarter just ended.

Jan 22, 2015

Microsoft springs hologram surprise, but long way to reality

SEATTLE (Reuters) – Microsoft Corp surprised the tech world on Wednesday with a prototype hologram visor that can bring the Minecraft video game, Skype calls and even the landscape of Mars to three-dimensional life.

The aging tech pioneer, which long ago lost the mantle of the world’s most inventive company, is making a bold play to regain that title in the face of stiff competition from Google Inc and Apple Inc.

Jan 21, 2015

Microsoft to give away Windows 10 as free upgrade

SEATTLE, Jan 21 (Reuters) – Microsoft Corp will
give away its upcoming Windows 10 operating system as a free
upgrade to users of the most recent versions of Windows and
Windows Phone, as the world’s largest software company tries to
hold onto customers in the new mobile era that has largely
bypassed it.

The announcement by Terry Myerson, who runs Microsoft’s
operating systems group, is a marked change for Microsoft, which
has charged for new versions of Windows, one of its main profit

Jan 21, 2015

IBM profit forecast, fourth-quarter revenue below estimates

Jan 20 (Reuters) – International Business Machines Corp
posted a new 2015 profit target and quarterly revenue
that both missed analysts’ estimates, as the one-time world
technology leader continues to grapple with its journey from
low-margin hardware maker to the new world of cloud computing.

Shares of IBM, which is still the world’s largest technology
services company, but no longer regarded as a leader in
innovation, fell 1.8 percent to $154.05 in extended trading.

Jan 18, 2015

Exclusive: Facebook hiring spree hints at ambitions in virtual reality and beyond

SAN FRANCISCO/SEATTLE (Reuters) – Virtual reality goggles, drones and data centers are all driving a hiring spree at Facebook Inc (FB.O: Quote, Profile, Research, Stock Buzz) that is set to swell its ranks as much as 14 percent in the near term, according to a review of job listings on the company’s website.

The Internet social networking company aims to add nearly 1,200 new employees, the outgrowth of aggressive investments that executives have said will define the coming year.

Jan 16, 2015

Intel forecasts disappointing revenue; shares fall

By Anya George Tharakan and Bill Rigby

(Reuters) – Chipmaker Intel Corp (INTC.O: Quote, Profile, Research) forecast revenue and gross margins for this quarter that disappointed investors, sending its shares down 2.7 percent in extended trading.

Revenue from its mainstay PC business fell about 3 percent to $8.9 billion (6 billion pounds) in the fourth quarter from the prior quarter, raising doubts about a long-anticipated recovery of the personal computer business.

    • 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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