In a report today, Goldman Sachs' Sarah Friar says layoffs at Microsoft are "likely" and would be "good for the shares."
Combine these gloomy prospects with the widespread expectation that Microsoft's revenues may fall short of expectations for the first quarter since 2000, and there certainly seem to be hard times ahead for the gang from Redmond.
With interoperability as a goal, Microsoft Philippines has forged a deal with a Filipino-owned open source software development house to "jointly build developer tools" and to "enable the creation of more interoperable programs."
The American software giant’s partnership with Exist Global is the first such deal that Microsoft has formed with an open source company in the Philippines.
Redmond, Washington-based Microsoft has lately been accelerating its collaboration with the open source industry. The company announced last September the opening in the Philippines of its first interoperability lab in Asia located at the CICT building in Quezon City. It also said it will soon unveil a similar facility at the University of the Philippines.
[...]
Under the partnership, Microsoft is providing information including software development kits, technical documentation and other publicly available materials, as well as Microsoft software that will aid Exist develop the data testing and integration tools.
"The importance of strong integration into Visual Studio for the adoption of .Net projects will be paramount. The support and contribution from Microsoft through this partnership will ensure that. There is also strong demand for automated testing being an essential part of automated builds, and provision of a .Net testing project like NFixture will meet that demand," Damarillo noted.
Unholy, Sparky? Really? The story describes a deal between Winston Demarillo’s Exist Global and Microsoft to “enable the creation of more interoperable programs.”
--Jamin Spilzer, Microsoft
Comments
David Gerard
2009-01-07 15:25:35
Roy Schestowitz
2009-01-07 15:27:55
http://www.pcworld.com/article/156525/satyam_chief_quits_admits_faking_financial_results.html?tk=rss_news
It sure brings not-so-distant memories:
“Microsoft’s perspective is best reflected by Bob Herbold, Chief Operating Officer, to whom the CFO reports. Bob very sincerely replied, “Bill, everyone is doing it.” My response was that Microsoft is a leader and that others are now seeking to emulate these fraudulent practices they have legitimized. Naturally Bob was not pleased by this perspective and that was our final conversation. A second informal response came when Microsoft asked PR Newswire to stop issuing my press releases.
“Microsoft is PR Newswire’s largest client.”
http://www.billparish.com/msftfraudfacts.html
AlexH
2009-01-07 15:35:31
MS undoubtedly has to cut head count, but a 15% cut would likely scare the horses. Most other equivalent businesses are looking at 5% or something.
Roy Schestowitz
2009-01-07 15:36:58
David Gerard
2009-01-07 15:39:19
AlexH
2009-01-07 15:39:24
MS have to announce the cuts in their quarterly report because a. they affect the stock price and b. they need to comply with labor laws. They can't hide large cuts.
Roy Schestowitz
2009-01-07 15:41:11
AlexH
2009-01-07 15:47:34
Roy Schestowitz
2009-01-07 15:52:55
AlexH
2009-01-07 16:03:07
Plus, they still have to announce it. Anything which can materially affect the company's future performance has to be disclosed, that's how the public stock exchanges work.
Roy Schestowitz
2009-01-07 16:08:12
David Gerard
2009-01-07 21:19:12
Popcorn?
Roy Schestowitz
2009-01-07 21:20:33
5 Reasons Why Not to Be Shocked by Microsoft Layoffs
http://www.marketingpilgrim.com/2009/01/5-reasons-why-not-to-be-shocked-by-microsoft-layoffs.html
Microsoft Planning Layoffs?
http://news.digitaltrends.com/news-article/18789/microsoft-planning-layoffs
Sign of the Times: First-Ever Microsoft Layoffs?
http://www.von.com/news/sign-of-times-first-ever-microsoft-layoffs.html
Report: "Massive layoff" unlikely at Microsoft
http://blog.seattlepi.nwsource.com/microsoft/archives/158470.asp?source=mypi
Microsoft layoff rumors continue their swirl
http://www.networkworld.com/news/2009/010509-microsoft-layoff-rumors.html
Microsoft layoff rumors swirl
http://uk.gamespot.com/news/6202771.html
Microsoft Mulling Layoffs?
http://blogs.barrons.com/techtraderdaily/2009/01/05/microsoft-mulling-layoffs/
Microsoft layoff rumors swirl
http://blogs.zdnet.com/sommer/?p=285
IBM, Microsoft, Massive Layoff Rumors
http://www.adotas.com/2009/01/ibm-microsoft-massive-layoff-rumors/
Rumor: Microsoft to Cut 15,000 Employees this Month
http://www.dailytech.com/Rumor+Microsoft+to+Cut+15000+Employees+this+Month/article13841.htm
Microsoft Feels the Economic Pinch
http://rcpmag.com/blogs/weblog.aspx?blog=3044
Microsoft Rumored to be Considering Job Cuts
http://uk.i4u.com/article22469.html
Microsoft restructure rumours abound
http://www.vnunet.com/vnunet/news/2233271/microsoft-restructure-plans
Microsoft prepares to chop workforce in first major jobs cull
http://www.dailymail.co.uk/money/article-1104450/Microsoft-prepares-chop-workforce-major-jobs-cull.html
Microsoft Thinking Over Thousands Of Redundancies
http://www.topnews.in/microsoft-thinking-over-thousands-redundancies-2104421
Microsoft To Lay Off [Your Guess Here]
http://www.examiner.com/r-5095305~Microsoft_To_Lay_Off__Your_Guess_Here_.html
Redundancies on the way at Microsoft?
http://www.developmag.com/news/31028/Redundancies-on-the-way-at-Microsoft
Rumors Of Microsoft's 15,000 Person Staff Cuts
http://www.webpronews.com/blogtalk/2009/01/06/rumors-of-microsofts-15000-person-staff-cuts
Stop Shrinking, Microsoft
http://www.fool.com/investing/value/2009/01/05/stop-shrinking-microsoft.aspx
Thousands of jobs under threat at Microsoft
http://www.gamesindustry.biz/articles/thousands-of-jobs-under-threat-at-microsoft
David Gerard
2009-01-07 21:28:21
Roy Schestowitz
2009-01-07 21:31:37
AlexH
2009-01-07 21:33:09
David Gerard
2009-01-07 21:34:22
(I'm thinking about what Wikimedia does with particularly stupid rumours that grow legs. Mind you, we do actually deny them once they get to the secondary reports. Not that Wikmedia is comparable to Microsoft, we're much more inept than evil.)
David Gerard
2009-01-07 21:35:21
Roy Schestowitz
2009-01-07 21:36:54
David Gerard
2009-01-07 21:40:38
Or because they're so dysfunctional they really don't know what to do for damage control. Or someone thinks the current rumour mill is actually a good idea o_0
Even when there's malice aplenty, presuming stupidity is frequently in order.
Roy Schestowitz
2009-01-07 21:42:26
Intel's miss weighs on Microsoft shares
"Shares of Microsoft Corp., the world's largest software maker, sank Wednesday after chip maker Intel Corp. said fourth-quarter sales missed already lowered expectations."
http://www.forbes.com/feeds/ap/2009/01/07/ap5889938.html
David Gerard
2009-01-07 21:47:08
Roy Schestowitz
2009-01-07 21:58:47
http://www.hd-report.com/2009/01/06/both-microsoft-and-sony-closures-imminent/
http://www.contactmusic.com/news.nsf/article/e-40%20suffers%20from%20falling%20value%20of%20microsoft%20stocks_1090882
http://www.webpronews.com/topnews/2009/01/07/microsoft-setting-aside-seattle-expansion-plans
Satyam Chief Quits, Admits Faking Financial Results
"In a resignation letter submitted to Satyam's board, B. Ramalinga Raju said the company's balance sheet carries inflated bank and cash balances, non-existent accrued interest, understated liabilities, and overstated credit amounts owed to the company."
http://www.pcworld.com/article/156525/satyam_chief_quits_admits_faking_financial_results.html?tk=rss_news
“Microsoft’s perspective is best reflected by Bob Herbold, Chief Operating Officer, to whom the CFO reports. Bob very sincerely replied, “Bill, everyone is doing it.” My response was that Microsoft is a leader and that others are now seeking to emulate these fraudulent practices they have legitimized. Naturally Bob was not pleased by this perspective and that was our final conversation. A second informal response came when Microsoft asked PR Newswire to stop issuing my press releases.
“Microsoft is PR Newswire’s largest client.”
http://www.billparish.com/msftfraudfacts.html