02.23.09

Gemini version available ♊︎

Microsoft is Having Financial Problems

Posted in Finance, Free/Libre Software, Microsoft, Steve Ballmer at 8:11 am by Dr. Roy Schestowitz

Debt and credit

THE TITLE may be a little deceiving because it does not refer directly to Microsoft's financial difficulties*, which are becoming more of a common knowledge. It’s actually about indicators of Microsoft scrambling for cash that it may never receive or recover anyway because other people’s coffers run dry(er).

In the following article from Gamasutra, Steve Ballmer is quoted as saying — although not in these words — that he is concerned about the impact of the meltdown. This follows some of the things he said last year about the company needing the bailout, which he personally lobbied for recently. They are in serious trouble and they are fully aware of it.

The company recently revealed declining profits in the fourth quarter of 2008, and announced a plan to cut 5,000 jobs as a result.

Another money-grabbing reflex from Microsoft is an attack against distributors whom it used to depend on (and maybe still does, especially now). Based on the news, those pursuits generally continue and they involve not only Microsoft software.

A 24-year-old Texas man has been sentenced to 41 months in prison for selling counterfeit software on about 40 Web sites, the U.S. Department of Justice said.

Overall, this works in favour of Free software.

Perhaps the best example of Microsoft’s scramble for cash is this bunch of ludicrous moves:

Microsoft is trying to get severance money back from some employees it laid off last month.

In letters written to an unspecified number of laid off Microsoft workers, the company says that due to an administrative error the company paid them too much severance.

“… An inadvertent administrative error occurred that resulted in an overpayment in severance pay by Microsoft,” the letter states. “We ask that you repay the overpayment and sincerely apologize for any inconvenience to you.”

What was going through Microsoft’s mind? Is it really expecting to see this cash? CNET calls it a “public relations blunder.”

Microsoft says it made an accounting error when it laid off some employees last month and now feels the best way to correct the error is with what will likely add up to a public relations blunder.

The software giant, which recently laid off 1,400 employees, sent letters (see image below) this week to some of those former workers letting them know that their severance payouts were a bit too “generous” and respectfully requested that the former employees pay back that money, according to a report Saturday on TechCrunch.

This is also covered in:

  1. Microsoft wants severance pay back from some fired staff
  2. Oops: Microsoft Asks Some Laid Off Workers To Send Back Part Of Their Severance
  3. Microsoft Asks For a Refund From Laid-Off Workers

Interestingly, while Microsoft implements layoffs that are not sufficient in terms of their scale, the company continues to pursue cheaper labour.

Locally, Microsoft had more than 1,000 H-1B visas approved for 2008, the fifth-highest for any U.S. employer. Others, like the University of Washington, got approval for 104; Seattle Children’s Home for one.

[...]

As unemployment spreads, immigration attorneys believe some big employers may be making fewer H-1B hires this year. Microsoft said last week that, in light of economic conditions, “we are constantly evaluating our appropriate staffing levels.”

Bloomberg has a widely-cited report covering the issue as well.

As many as 5,000 employees are being shown the door at Microsoft, which uses more H1-B guest-worker visas than any other U.S. company. Some employees and politicians say Microsoft should get rid of foreigners first

This is a subject that we previously covered in:

Microsoft’s wealth — or lack thereof* — set aside, people who run (or ran) the company have been stashing cash for quite some time and despite bankruptcies, their problems are few. Owing to the so-called ‘stimulus’, which is a euphemism for “public looting”, people like Paul Allen will gain a lot more personal wealth so that their buying spree (things like huge boats) can carry on.

Billionaire Paul Allen is a Microsoft cofounder, the owner of the NFL’s Seattle Seahawks and the owner of the NBA’s Portland Trailblazers.

[...]

So what will Paul do with that money until 2014? Invest it in technology that reduces our dependence on foreign oil and creates new “green collar” jobs for America, per the goals of Obama’s stimulus plan, of course.

Or Paul maybe can buy a new boat. He already owns two, here is one of them

This article contains a self-explanatory picture. There is a famous battle of egos there between Paul Allen of Larry Ellison (over who has the bigger yacht).

Personal wealth is never to be confused with commercial wealth of the companies owned by those people. A recommended multi-part show which comes to mind is titled “The Century of the Self” (video). It explores some issues that are close to the theme here in Boycott Novell.
____
* The company may already be in debt if not very near to it [1, 2, 3, 4, 5].

Share in other sites/networks: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Reddit
  • email

Decor ᶃ Gemini Space

Below is a Web proxy. We recommend getting a Gemini client/browser.

Black/white/grey bullet button This post is also available in Gemini over at this address (requires a Gemini client/browser to open).

Decor ✐ Cross-references

Black/white/grey bullet button Pages that cross-reference this one, if any exist, are listed below or will be listed below over time.

Decor ▢ Respond and Discuss

Black/white/grey bullet button If you liked this post, consider subscribing to the RSS feed or join us now at the IRC channels.

5 Comments

  1. Needs Sunlight said,

    February 23, 2009 at 9:30 am

    Gravatar

    Also, Bills’ father has been operating behind the scenes to clear up all kinds of political obstacles his boy might be encountering, through contacts and methods that come from having grown up with lots of money. Fine.

    Lobbying like that can’t be bought, at any price. Nor can it be replaced, when the *old* crook runs out of steam or time, the college dropout will be one his own. Then the young crook will have to fend for himself even in spite of a whole parade of handlers. PR teams can cover up public images, but they can’t make up for direct contact with Bill.

  2. Anarcapitalista said,

    February 23, 2009 at 11:23 am

    Gravatar

    People looting public funds are embezzlers. There is a law which covers that, except the people who are the watchdogs are the looters. Like the fox guarding the henhouse.

    Finding loopholes in the law to circumvent accountability is an ethical crime. Why arent these people convicted and sent to jail? Has the Rule of Law been replaced by predatory greed, extortion of the common man?

  3. Robert said,

    February 23, 2009 at 4:29 pm

    Gravatar

    Anarcapitalista said,
    [quote] People looting public funds are embezzlers. There is a law which covers that, except the people who are the watchdogs are the looters. Like the fox guarding the henhouse. [/quote]

    yes, this is very true. it has been this way in the American Government since the early 20th Century.

    Anarcapitalista said,
    [quote] Finding loopholes in the law to circumvent accountability is an ethical crime. Why aren’t these people convicted and sent to jail? Has the Rule of Law been replaced by predatory greed, extortion of the common man? [/quote]

    because the original constitutional form of government was overthrown & replaced with globalist (criminals) right under the peoples (sheeples) nose. the ONLY way to restore the Republic is another revolution. until that happens, nothings going to change for the better. we are almost into world government right now.

  4. Myfraudsoft said,

    February 23, 2009 at 10:16 pm

    Gravatar

    Myfraudsoft need needs a bailout? No, this is impossible. You see, it is Myfraudsoft that is rock-solid stable (just like their OS), not Google. Certainly not Google. Google is just a house of cards.

  5. Roy Schestowitz said,

    February 23, 2009 at 11:01 pm

    Gravatar

    2007: Microsoft CEO Says Google A ‘One-Trick Pony’

DecorWhat Else is New


  1. Links 26/10/2021: Vulkan 1.1 Conformance for Raspberry Pi 4 and Tor Browser 10.5.10

    Links for the day



  2. [Meme] Sounds Legit

    When not cheating on the wife, the EPO‘s “doyen” cheats in the exams and makes it into the epi Council, in effect working “[t]owards a common understanding [sic] of quality” with “patent attorneys nominated as “assessors” by the EPO, epi and BusinessEurope” (notorious lobbyists for dictators, litigation, and monopolies, neither business nor science)



  3. [Meme] Mayoral Patent Office Chief

    As it turns out, political 'double-dipping' isn't just a thing in North Macedonia, Austria, and EPOnia



  4. Romania's Patent Office (OSIM): Nine Different Chiefs in Just Eight Years

    The Romanian State Office for Inventions and Trademarks (OSIM), being the equivalent of the U.S. Patent and Trademark Office (USPTO) in the sense that it covers both patents and trademarks, is a very flaky institution with no shortage of scandals; for our English-reading audiences we now have a summary of a decade’s worth of blunders and leadership changes



  5. The EPO’s Overseer/Overseen Collusion — Part XXIV: The Balkan League - Romania

    Romania’s patent office has been in flux this past decade, occasionally led by people with no relevant experience, but rather political connections (like EPO President António Campinos) and sometimes forged documents and fake degrees



  6. IRC Proceedings: Monday, October 25, 2021

    IRC logs for Monday, October 25, 2021



  7. [Meme] “Social Democracy” at the EPO

    Some comments on the current situation at the European Patent Office from Goran Gerasimovski, the new EPO Administrative Council delegate for North Macedonia and Social Democratic candidate for mayor of Centar (a municipality of Skopje)



  8. [Meme] António Campinos Visits the OSIM

    António Campinos visits OSIM Director-General Ionel Muscalu in February 2014



  9. [Meme] [Teaser] Meet the President

    Later today we shall see what Romania did for Battistelli



  10. Links 26/10/2021: Latte Dock 0.10.3 and Linux 5.15 RC7

    Links for the day



  11. Gemini Protocol's Originator: “I Continue to Care About This Project and I Care About the Community That Has Formed Around It.”

    'Solderpunk' is back from a long hiatus; this bodes well for Geminispace, which grew fast in spite of the conspicuous absence



  12. Bulgarian Like Bavarian Serfdom

    Bulgarian politics seem to have played a big role in selecting chiefs and delegates who backed Benoît Battistelli‘s unlawful proposals, which treat workers almost like slaves and ordinary citizens as disposable ‘collaterals’



  13. The EPO’s Overseer/Overseen Collusion — Part XXIII: The Balkan League - Bulgaria

    Today we examine the role of Bulgaria in Benoît Battistelli‘s liberticidal regime at the EPO (as well as under António Campinos, from 2018 to present) with particular focus on political machinations



  14. Links 25/10/2021: New Slackware64-current and a Look at Ubuntu Budgie

    Links for the day



  15. Links 25/10/2021: pg_statement_rollback 1.3 and Lots of Patent Catchup

    Links for the day



  16. Microsoft GitHub Exposé — Part III — A Story of Plagiarism and Likely Securities Fraud

    Today we tread slowly and take another step ahead, revealing the nature of only some among many problems that GitHub and Microsoft are hiding from the general public (to the point of spiking media reports)



  17. [Meme] [Teaser] Oligarchs-Controlled Patent Offices With Media Connections That Cover Up Corruption

    As we shall see later today, the ‘underworld’ in Bulgaria played a role or pulled the strings of politically-appointed administrators who guarded Benoît Battistelli‘s liberticidal regime at the EPO



  18. IRC Proceedings: Sunday, October 24, 2021

    IRC logs for Sunday, October 24, 2021



  19. Links 25/10/2021: EasyOS 3.1 and Bareflank 3.0

    Links for the day



  20. The Demolition of the EPO Was Made Possible With Assistance From Countries That Barely Have European Patents

    The legal basis of today's EPO has been crushed; a lot of this was made possible by countries with barely any stakes in the outcome



  21. The EPO’s Overseer/Overseen Collusion — Part XXII: The Balkan League - North Macedonia and Albania

    We continue to look at Benoît Battistelli‘s enablers at the EPO



  22. Links 24/10/2021: GPS Daemon (GPSD) Bug and Lots of Openwashing

    Links for the day



  23. Links 24/10/2021: XWayland 21.1.3 and Ubuntu Linux 22.04 LTS Daily Build

    Links for the day



  24. IRC Proceedings: Saturday, October 23, 2021

    IRC logs for Saturday, October 23, 2021



  25. Links 24/10/2021: Ceph Boss Sage Weil Resigns and Many GPL Enforcement Stories

    Links for the day



  26. GAFAM-Funded NPR Reports That Facebook Let Millions of People Like Trump Flout the So-called Rules. Not Just “a Few”.

    Guest post by Ryan, reprinted with permission



  27. Some Memes About What Croatia Means to the European Patent Office

    Before we proceed to other countries in the region, let’s not forget or let’s immortalise the role played by Croatia in the EPO (memes are memorable)



  28. Gangster Culture in the EPO

    The EPO‘s Administrative Council was gamed by a gangster from Croatia; today we start the segment of the series which deals with the Balkan region



  29. The EPO’s Overseer/Overseen Collusion — Part XXI: The Balkan League – The Doyen and His “Protégée”

    The EPO‘s circle of corruption in the Balkan region will be the focus of today’s (and upcoming) coverage, showing some of the controversial enablers of Benoît Battistelli and António Campinos, two deeply corrupt French officials who rapidly drive the Office into the ground for personal gain (at Europe’s expense!)



  30. Links 23/10/2021: FreeBSD 12.3 Beta, Wine 6.20, and NuTyX 21.10.0

    Links for the day


RSS 64x64RSS Feed: subscribe to the RSS feed for regular updates

Home iconSite Wiki: You can improve this site by helping the extension of the site's content

Home iconSite Home: Background about the site and some key features in the front page

Chat iconIRC Channel: Come and chat with us in real time

Recent Posts