Microsoft yesterday announced that  its board of directors declared a quarterly dividend of $0.31 per share, reflecting a 3-cent, or 11 percent, increase over the previous quarter’s dividend. The dividend is payable Dec. 11, 2014, to shareholders of record on Nov. 20, 2014. In addition to that, they announced changes to its board. Teri List-Stoll, executive vice president and chief financial officer of Kraft Foods Group Inc., and Charles W. Scharf, chief executive officer of Visa Inc., will join the board effective Oct. 1, 2014. Also Dave Marquardt and Dina Dublon have decided not to seek reelection to the board of directors and will retire from the board at the expiration of their current term following the annual shareholders meeting in December. Scharf, 49, has served as CEO of Visa since November 2012. Before joining Visa, Scharf spent nine years at JPMorgan Chase & Co. as the chief executive officer ...

Read More →

Back in July, Microsoft announced their largest ever restructuring plan to simplify its organization and align the acquired Nokia Devices and Services business with the company’s overall strategy. As a result of it, Microsoft is announced their plans to eliminate up to 18,000 positions over the next year. Of the total, about 12,500 were from professional and factory positions from the Nokia Devices and Services business acquired by Microsoft. At that time, Microsoft expected these plans to be substantially complete by Dec. 31, 2014, and fully completed by June 30, 2015. Microsoft cut 13,000 employees total in the first wave back in July. Today, Mary Jo Foley reported that second round of layoffs will be announced on Sep 15th this week. She reported, I am not sure how many will be cut in this week’s round, which I’ve heard will be announced internally this Thursday, September 18. But I do hear that ...

Read More →

During his interview at Seattle Metropolitan Chamber of Commerce yesterday, Microsoft CEO discussed about his current focus within the company, his new ‘productivity’ strategy, his upcoming visit to Asia and more. His current focus at Microsoft is on the culture, culture that is fostering constant renewal and learning. He believes that it has to start with the fundamental belief that everyone inside of the company knows that they make the culture; culture doesn’t make them. He said that productivity and platforms are the two main focus for Microsoft, It’s about being able to enable every individual and every organization to get more out of every moment of their life. He also said he is enthusiastic his visit to China and about what opportunity there is to have real impact and business success with it. On his focus at Microsoft, Culture is everything. … You need to have a culture that is ...

Read More →

Earlier today, Microsoft announced their plans to acquire Mojang Studios which develops the blockbuster Minecraft franchise. Microsoft CEO Satya Nadella today attended the annual Seattle Metropolitan Chamber of Commerce annual luncheon at the Westin Seattle and the first question he faced was regarding Minecraft acquisition. He thinks Minecraft is one game which parents want their kids to play. “To me what Minecraft represents is more than a hit game franchise,” he said. “It’s this open-world platform. If you think about it, it’s the one game parents want their kids to play.” “If you talk about STEM education, the best way to introduce anyone to STEM or get their curiosity going on, it’s Minecraft,” he said. “So I think what this open-world phenomenon will mean to the community at large, for people who builders, is pretty big, and we are very excited about the acquisition, obviously.” He added, “We are really ...

Read More →

Microsoft offices in China were raided in the last week of July by Chinese government officials for unknown reasons. China’s State Administration for Industry & Commerce made the visits to Microsoft offices in Beijing, Shanghai, Guangzhou and Chengdu. Later, a Chinese regulator confirmed that they are conducting an anti-monopoly investigation into Microsoft in relation to problems with compatibility, bundling and document authentication for its Windows operating system and Microsoft Office software. Recently, a Chinese antitrust regulator said that Microsoft had not been fully transparent with its sales data on Microsoft software in China. Today, Reuters reported that Satya Nadella is visiting China. Microsoft Corp Chief Executive Officer Satya Nadella is set to visit China in late September, a source familiar with the matter said on Thursday, as the Chinese government conducts an antitrust investigation into the world’s largest software company. It is not clear if Nadella, who took over as Microsoft ...

Read More →

  Following Satya Nadella , Steve Ballmer, Melinda Gates , Bill Gates, Xbox Chief Phil Spencer and Microsoft’s Chief Marketing Officer Chris Capossela, Joe Belfiore today took the ALS ice bucket challenge. As you can watch in the video above, Joe did the challenge while surfing as opposed to most others who took the challenge on land! Joe Belfiore nominated the following people, Group Program Manager for Cortana on Windows Phone – Marcus Ash Stephen Elop EVP, Microsoft Devices Group Chee Chew:  From Google+ hangouts & Chrome team ...

Read More →

Following Satya Nadella , Steve Ballmer, Melinda Gates and Bill Gates, Xbox Chief Phil Spencer and Microsoft’s Chief Marketing Officer Chris Capossela took the ALS ice bucket challenge. Watch the videos below. Phil Spencer accepts Notch’s ALS Ice Bucket Challenge and nominates Shuhei Yoshida from Sony, Reggie Fils-Aime from Nintendo and Gabe Newell from Valve to participate and raise awareness for ALS, also known as Lou Gehrig’s Disease. Thanks to a challenge from Rob Bennett I got to do the ALS Ice Bucket Challenge to raise money and awareness and find a cure for ALS (also known as Lou Gehrig’s disease). I now pass this challenge along to Jeff Raikes (mentor and former boss), Ted Donato (college roommate and Harvard Hockey coach) and Amy Hood (current CFO of Microsoft and great colleague). Please visit als.org for more information. ...

Read More →

Today, former Microsoft CEO Steve Ballmer and the new Los Angeles Clippers owner Steve Ballmer announced his decision to step down from the Microsoft board. Since leaving Microsoft, Ballmer has been busy with his commitments related to Clippers, civic contribution, teaching and study. Microsoft CEO Satya Nadella thanked Steve for all his contributions and  wished him success on his future endeavors. Read his full response below. Satya Nadella’s response to Steve Ballmer: Steve, First, thank you for all of your support during my transition this year and for the past 34 years. It’s been a great privilege to have worked with you and learned from you. Under your leadership, we created an incredible foundation that we continue to build on — and Microsoft will thrive in the mobile-first, cloud-first world. While your insights and leadership will be greatly missed as part of the board, I understand and support your decision. As you ...

Read More →

Following Satya Nadella , Steve Ballmer and Bill Gates, Melinda Gates also accepted ALS ice bucket challenge. On her 50th Birthday, Melinda Gates accepts Sheryl Sandberg’s ALS Ice Bucket Challenge and nominates Katie Couric, Stephen Colbert, Yuri Milner, and her daughter Phoebe to join in and raise awareness for ALS. Apple CEO Tim Cook, Facebook COO Sheryl Sandberg, Facebook CEO Mark Zuckerberg, Twitter CEO Dick Costolo, Amazon CEO Jeff Bezos, Dell CEO and many others also accepted the challenge and few also promised to make donations for ALS. ...

Read More →

Following Satya Nadella and Bill Gates, former Microsoft CEO Steve Ballmer also accepted the ALS challenge by taking ice-bucket water over him. Ballmer has nominated Hal Wright, LA Clippers coach Doc Rivers, and TV football analyst Rick Neuheisel. The als challenge is a great idea Nominated by Spencer Hawes Nominating Doc Rivers, Rick Neuheisel, Hal Wright http://t.co/RFuaNWyZoy — steve b (@stevebmicrosoft) August 15, 2014 Apple CEO Tim Cook, Facebook COO Sheryl Sandberg, Facebook CEO Mark Zuckerberg, Twitter CEO Dick Costolo, Amazon CEO Jeff Bezos and many others accepted the challenge and few also promised to make donations for ALS. ...

Read More →

In order to raise awareness about ALS, Microsoft CEO Satya Nadella accepted Steve Gleason’s Ice Bucket Challenge and challenged Jeff Bezos and Larry Page to do the same. If they are not taking the challenge, they need to donate money for it. Even Mark Zuckerberg took the challenge and poured a bucket of water on himself. He challenged Bill Gates, Netflix CEO Reed Hastings, and Facebook COO Sheryl Sandberg to do the same. On Wednesday, the Ability Eye Gaze team, which won the Grand Prize in Microsoft’s first-ever companywide Hacakthon, was given the chance to dump a bucket of ice water on CEO Satya Nadella as part of an effort to raise awareness around amyotrophic lateral sclerosis (ALS.) The Eye Gaze team had set out to do a project to help Steve Gleason, a former pro football player who is living with amyotrophic lateral sclerosis. Gleason’s foundation aims to raise ...

Read More →

During the financial earnings call yesterday, Microsoft revealed that they sold 1.1 million consoles in the last quarter. The surprising thing is that Microsoft didn’t offer specific numbers on how many of them were Xbox One. Microsoft also revealed that Xbox platform revenue increased 14% due to more hardware sales than last year. Microsoft CFO Amy Hood said that after they released the new Xbox One offering, they are pleased with the response. At E3, they reasserted their focus on games, with blockbuster titles and key exclusives coming this holiday. With the progress Microsoft is making in channel inventories, the new markets for Xbox One, and our exciting game lineup, Microsoft feel well positioned heading into the holiday season. CEO Satya Nadella commented the following on Xbox, I want to make a few comments on Xbox. It’s important for us to have a core that is thriving. It’s equally important to place smart, ...

Read More →

As part of the massive layoffs Microsoft announced today, Microsoft is going to shut down the recently formed Xbox Entertainment Studios which was responsible for creating original programming for Xbox platform. CBS entertainment president Nancy Tellem was hired by Microsoft back in 2012 to lead these efforts and their recent production was “Every Street United” which was premiered on Xbox One during the world cup. There are about 12 projects currently in various stages of production. Few months back, this was the position inside Microsoft, Xbox Entertainment Studios has attracted a slew of top Hollywood talent to develop its original programming slate, with names like Steven Spielberg and Ridley Scott attached to two separate scripted projects based on the “Halo” franchise – but that’s only the beginning. Other shows in production include an unscripted series about international street soccer, an original drama about robotic servants in a dystopian world, and a documentary ...

Read More →

Microsoft shares surged more than 4% on Wednesday to their highest price since mid-2000. The current stock price is at 44.07,  up 1.62 from yesterday, a 3.82% increase from the morning. Yesterday, Intel announced their quarterly results which showed a modest growth in PC market. I guess, that was the reason investors are going behind Microsoft shares. Intel’s PC Client Group saw a revenue of $8.7 billion, up 9 percent sequentially and up 6 percent year-over-year. Similarly, Microsoft’s Windows division revenue decline should have stopped this quarter. However, I expect Microsoft to post less than expected earnings because of the Nokia Devices and Services division acquisition. Microsoft bought a loss making venture, so it should affect Microsoft’s bottom line. Also, Microsoft is planning to layoff thousands of employees which will result in lots of costs associated with their compensation and severance packages. If you are a Microsoft investor, are you happy with their performance these days? ...

Read More →

Microsoft CEO Satya Nadella spoke at an interview held at Fortune’s Brainstorm Tech Conference yesterday evening. During Q&A session, an attendee said to Satya that Microsoft Research should learn from Google and all the attention it gets for its research projects like Google Glass and driverless cars. He was basically pointing out that Microsoft Research’s efforts are not well recognized by the public when compared to Google’s efforts. Nadella admitted that Google have done a better job of marketing themselves. “Look, it’s always good to learn from others who have done a better job of marketing themselves,” Nadella said to a chorus of laughs from the crowd. He also made the point that getting more press coverage and eyeballs for Google’s projects doesn’t mean that Google is working on more important or better projects than Microsoft is. He also pointed out that several Microsoft Research products have created business opportunities ...

Read More →

17 years ago, Chandrababu Naidu, then CM of Andhra Pradesh in which Hyderabad is located made a PowerPoint presentation to convince Bill Gates to open one of Microsoft’s biggest software development centres in Hyderabad. Indian government has now partitioned Andhra Pradesh into two states called Telengana and Andhra Pradesh. Hyderabad will become part of the state called Telengana in the coming years. Chandrababu Naidu has again become the CM of Andhra Pradesh and he is inviting current Microsoft CEO Satya Nadella to start a similar Microsoft development center in his new state and promising all the help he needs. He has chosen Anantapur to be the main technology centre because of the availability of land and infrastructure as well as its proximity to Bangalore. And Anantpur is also the home town of Staya Nadella. Meanwhile, Telangana Chief Minister K Chandrasekhar Rao has also invited Satya Nadella for a meeting to ...

Read More →