Malathi's Feed
Aug 23, 2013

Chronology: Steve Ballmer’s tenure as Microsoft CEO

SAN FRANCISCO (Reuters) – Microsoft Corp CEO Steve Ballmer unexpectedly announced on Friday that he would retire in 2014, 13 years after he took over the dominant personal computer software company and tried to steer it into growing markets like video games, portable music players, smartphones and tablets.

The following is a chronology of events during Ballmer’s time as Microsoft chief executive.

Aug 23, 2013

Steve Ballmer’s tenure as Microsoft CEO-

SAN FRANCISCO, Aug 23 (Reuters) – Microsoft Corp CEO Steve
Ballmer unexpectedly announced on Friday that he would retire in
2014, 13 years after he took over the dominant personal computer
software company and tried to steer it into growing markets like
video games, portable music players, smartphones and tablets.

The following is a chronology of events during Ballmer’s
time as Microsoft chief executive.

Aug 22, 2013

GameStop boosts profit forecast on console outlook; stock jumps

Aug 22 (Reuters) – GameStop Corp raised its 2013
earnings forecast on Thursday, counting on new consoles from
Microsoft Corp and Sony Corp to boost holiday
season spending on video games and reverse the sector’s decline.

Shares of GameStop, the world largest retailer of video
games, closed up 9 percent after quarterly results exceeded Wall
Street’s expectations.

Aug 22, 2013

GameStop raises forecast ahead of release of new game consoles

Aug 22 (Reuters) – GameStop Corp, the world’s
largest retailer of video game products, raised its full-year
earnings forecast, citing strong pre-orders for the upcoming
game consoles from Microsoft and Sony.

GameStop’s shares were up about 14 percent in early trading
on the New York Stock Exchange.

Aug 1, 2013

Activision CEO says ‘business as usual’ after buyback deal

SAN FRANCISCO (Reuters) – Activision Blizzard Inc will conduct “business as usual” for now while it explores growth and acquisition opportunities, the video game publisher’s CEO said on Thursday after sealing a deal last week to buy back most of parent company Vivendi’s stake for more than $8 billion.

CEO Bobby Kotick would not be drawn out on his plans for the No. 1 video games publisher, which in past years has managed to outpace its rivals thanks to blockbuster franchises such as “Call of Duty.” On Thursday, it reported a 42 percent drop in second-quarter revenue, reflecting broad contraction in the video games industry and a lighter games-release schedule.

Jul 26, 2013

Activision to spread its wings after Vivendi sale -CEO

SAN FRANCISCO, July 26 (Reuters) – Activision Blizzard Inc’s
CEO, who is shelling out $50 million of his own money
in an $8.2 billion deal to buy back most of Vivendi’s
stake, said the world’s largest video game publisher will be
freer to pursue acquisitions and grow after emerging from its
French parent’s wing.

Bobby Kotick, one of the highest-paid and longest-running
corporate chief executives in an industry that has been ravaged
in recent years by the rise of casual and mobile gaming, told
investors on a Friday conference call he thinks the company will
be stronger as a result of the deal.

Jul 23, 2013

Electronic Arts limits first quarter-loss, stock soars

SAN FRANCISCO (Reuters) – Video game publisher Electronic Arts Inc (EA.O: Quote, Profile, Research, Stock Buzz) said on Tuesday that a first quarter loss was narrower than Wall Street expected because strong cost controls and digital sales offset weak revenue from packaged games.

The shares of company, which usually has a light schedule in the first quarter for the release of its core console games, were up over 8 percent in after hours trading at $25.80 from the close of $23.83.

Jul 15, 2013

Kabam says valuation climbs to $700 million with employee stock sale

SAN FRANCISCO (Reuters) – Privately held mobile games maker Kabam is on track for 65 percent higher revenue of $300 million this year, and its employees have put up $38.5 million of stock for sale in a deal that puts its valuation at $700 million, the company said on Monday.

The San Francisco-based company, which is behind “Kingdoms of Camelot” and competes with Zynga Inc and Supercell, gave its employees an opportunity to sell stock in a private offering that started late last week and is expected to close in a few weeks, a Kabam spokesman said without divulging details.

Jul 13, 2013

Gunman kills two at San Francisco jewelry market

SAN FRANCISCO (Reuters) – A gunman killed two women at a San Francisco jewelry market on Friday and shot at police before fleeing, prompting lockdowns at major technology companies nearby, police officials said.

The gunman threw down his gun and surrendered at a nearby Mexican restaurant after running out of ammunition, said San Francisco Police Chief Greg Suhr.

Jul 9, 2013

Video game personality Ryan Davis dead at 34

SAN FRANCISCO (Reuters) – Video game journalist and podcaster Ryan Davis, known for his devout fan following in the tight-knit community, died last week at the age of 34, Giant Bomb, the news gaming site he cofounded, said on Monday.

Davis had a visible online presence in the video game community through the popular podcast “the Giant Bombcast” he hosted every week to discuss industry news and review games.