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Nokia to Pay Outgoing CEO Elop $25 Million

September 19, 2013 4:02 pm | by Associated Press | News | Comments

HELSINKI (AP) — Nokia Corp. says it will pay outgoing CEO Stephen Elop a compensation package of some $25 million (19 million euros) when he leaves the company to move over to Microsoft. In proxy statements to shareholders published Thursday, the Finnish company says the amount includes Elop's base salary and equity awards of about 14.6 million euros.

Report: Mulally, Lawrie Top Choices to Turn Around Microsoft

September 10, 2013 10:20 am | by Andrew Berg | News | Comments

Microsoft may be in enough of fix that it needs a so-called "turnaround expert" to succeed outgoing CEO Steve Ballmer. According to a Reuters report, at least three of Microsoft's top 20 investors are pushing to hire a CEO that can help the company move forward as a devices and services company. 

Sold: Nokia Soars Nearly 40% on $7.2B Microsoft Buy

September 3, 2013 10:30 am | by Andrew Berg | News | Comments

Microsoft has officially agreed to acquire Nokia Corporation's devices and services business today, sending shares of Nokia up nearly 37 percent in early trading. The deal comes with Nokia's license and patents, as well as the company's significant mapping business in tow...

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At a Glance: Microsoft CEO Ballmer's Ups and Downs

August 26, 2013 10:55 am | by Associated Press | News | Comments

Microsoft CEO Steve Ballmer announced on Friday that he plans to retire from the world's biggest software company after more than 13 years at its helm. Here's a look at the ups and downs of his tenure: 1980: Ballmer joins the company co-founded by Bill Gates and Paul Allen in 1975...

Microsoft CEO Steve Ballmer to Retire

August 23, 2013 10:05 am | by Ben Munson | News | Comments

Microsoft Corp. CEO Steve Ballmer today announced his plans to retire within the next 12 months once his successor has been chosen. Microsoft issued a press release confirming Ballmer would remain on as CEO while the company continues its transition into a “devices and services company.” “We need a CEO who will be here longer term for this new direction,” Ballmer said in the press release.

Microsoft 4Q Profit Misses; Books Surface Charge

July 18, 2013 4:37 pm | by Associated Press | News | Comments

Microsoft booked a $900 million write-down for slashing the price of its Surface RT tablet and its revenue and earnings came up short of Wall Street forecasts in the fourth quarter. The company blamed the disappointing results Thursday on a decline in the PC market...

Nokia Takes 2Q Hit on Weak Device Sales

July 18, 2013 9:37 am | by Ben Munson | News | Comments

Sliding device sales resulted in a fairly flat second quarter for Nokia. The Finnish phone maker reported sales of $7.4 billion, down three percent quarterly and 24 percent annually. Contributing to the lackluster revenue was a reported $3.5 billion in device sales, down six percent quarterly and a whopping 32 percent annually.

Report: Microsoft Working on LTE-Powered Surface Smartwatch

July 15, 2013 11:05 am | by Ben Munson | News | Comments

The race to put out a smartwatch consumers may or may not want has a new contender in Microsoft. The Verge, citing sources familiar with the Microsoft’s plans, said the company’s Surface team is now prototyping devices. The report also cites details from AmongTech that claim the wearable device could feature 6 GB of storage and LTE support.

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Microsoft Reboots with Sweeping Reorganization

July 12, 2013 10:21 am | by Barbara Ortutay, AP Technology Writer; Michael Liedtke, AP Technology Writer | News | Comments

SAN FRANCISCO (AP) — Microsoft Corp. has decided its entire business needs a new operating system. CEO Steve Ballmer is restructuring the company to cope with a quickening pace of technological change that has left the world's largest software maker a step behind its two biggest rivals, Apple and Google.

Microsoft Reshuffles Company Structure

July 11, 2013 10:30 am | by Associated Press | News | Comments

NEW YORK (AP) — Microsoft is reshuffling its business in a move that it says will allow it to innovate faster and focus on devices and services. The move by the world's largest software maker comes amid a steady decline in PC demand as people turn to tablets and other mobile devices.

Zynga CEO Steps Down, Microsoft Exec to Take Post

July 1, 2013 4:38 pm | by Barbara Ortutay, AP Technology Writer | News | Comments

NEW YORK (AP) — Zynga says its CEO, Mark Pincus, is stepping down to be replaced by Don Mattrick, the head of Microsoft's Xbox business. The maker of "FarmVille" and other games said Monday that Pincus, who founded Zynga in 2007, will stay on as chairman and chief product officer.

Friday Flick: Windows 8.1 Preview

June 28, 2013 9:33 am | Videos | Comments

Microsoft has released the next iteration of Windows 8. The company's new touch-based operating system seeks to merge dekstop and mobile, but some customers miss the familiarty of longstanding feature like Windows' classic Start button...

Microsoft Wants to Disclose Data on FISA Orders

June 28, 2013 8:01 am | by Andrew Berg | News | Comments

Microsoft has asked a court to let it disclose data on national security orders the company has received under the Foreign Intelligence Surveillance Act. Microsoft made the request in a motion filed June 19 with the secretive Foreign Intelligence Surveillance Court and unsealed this week...

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MICROSOFT EVENT: Latest Windows adjustments

June 26, 2013 3:03 pm | by Ryan Nakashima, AP Business Writer | News | Comments

Microsoft is using a three-day conference this week to give people a peek into Windows 8.1, a free update that promises to address some of the gripes people have with the latest version of the company's flagship operating system. A preview version of Windows 8.1 was released Wednesday...

Microsoft to Unveil Latest Windows Adjustments

June 26, 2013 9:27 am | by Ryan Nakashima, AP Business Writer | News | Comments

Microsoft is giving people a peek into Windows 8.1, a free update that promises to address some of the gripes people have with the latest version of the company's flagship operating system. Although the preview version of Windows 8.1 is meant for Microsoft's partners...

Review: Office for iPhone Helpful for Subscribers

June 17, 2013 10:06 am | by Bree Fowler, AP Business Writer | News | Comments

With the free app, users can quickly and easily edit, save and share documents on the go. But there's a catch: You have to be an Office 365 subscriber to use it. And the mobile version is so bare bones, it may not do much to attract new subscribers.

Friday Flick: Office Mobile for iPhone

June 14, 2013 9:58 am | Videos | Comments

Microsoft today released a version of its popular Office suite for the iPhone. Office Mobile is available now for free on the App Store but only subscribers to Microsoft's premium cloud-based Office 365 service can use the new app. After signing in to an Office 365 account, users can access...

Microsoft Launches Office Mobile for iPhone

June 14, 2013 9:49 am | by Andrew Berg | News | Comments

Microsoft today released a version of its popular Office suite for the iPhone. Office Mobile is available now for free on the App Store but only subscribers to Microsoft's premium cloud-based Office 365 service can use the new app. After signing in to an Office 365 account...

Verizon Smartphone Sales Grow on Windows Popularity

June 3, 2013 10:23 am | by Andrew Berg | News | Comments

Verizon took the lion's share of smarpthone sales in the United States, due in part to the growth of Windows Phone, according to new numbers from Kantar Worldpanel Comtech. Of the carriers, Verizon grabbed 36.3 percent of smartphones sold, an annual increase of 1.8 percent. Sprint Nextel accounted for 13.1 percent of smartphones sold...

Microsoft Touching Up Windows 8 to Address Gripes

May 7, 2013 8:42 am | by Michael Liedtke, AP Technology Writer | News | Comments

Microsoft is retooling the latest version of its Windows operating system to address complaints and confusion that have been blamed for deepening a slump in personal computer sales. The tune up announced Tuesday won't be released to consumers...

Tablets with Windows RT See Slow Sales, IDC Says

May 2, 2013 8:37 am | by Peter Svensson, AP Technology Writer | News | Comments

Microsoft is seeing slow sales of a version of Windows designed for thin and light tablets, even as the tablet market as a whole is growing, a research firm reported Wednesday. Researchers at IDC said manufacturers shipped 200,000 tablets running...

Microsoft’s 3Q Beats Street, Company Announces Smaller Tablets

April 19, 2013 10:02 am | by Ben Munson | News | Comments

The fervor over the PC market going down in flames and how that will affect PC giant Microsoft can settle a bit after the company’s third quarter 2013 beat analyst estimates. The company posted revenue of $20.5 billion on $0.72 EPS, marking an 18 and 20 percent increase annually, respectively. That’s compared to analyst expectations of $20.1 billion on $0.68 EPS.

PC Shipments Drop 14 Percent Annually as Consumers Prefer Tablets, Smartphones

April 11, 2013 9:23 am | by Andrew Berg | News | Comments

Consumer preference for tablets and smartphones sent first quarter global PC shipments down 14 percent to 76.3 million units, according to new numbers from IDC. IDC said the extent of the annual contraction marked the worst quarter since IDC began tracking the PC market quarterly in 1994...

Ericsson Acquires Microsoft's Mediaroom Business

April 8, 2013 10:36 am | by Andrew Berg | News | Comments

Ericsson today announced that it has reached an agreement to acquire Microsoft's Mediaroom business. The business will give Ericsson a boost in providing IPTV and multi-screen solutions. Closing companies expect the deal to close during the second half of 2013...

Microsoft Ending Support for Windows Phone 7.8 and 8 in 2014

March 18, 2013 10:10 am | by Ben Munson | News | Comments

Microsoft has set dates in 2014 for the end of mainstream support for both Windows Phone 7.8 and 8. The company will cease support for 7.8 on Sept. 9 and for 8 on July 8. Both of the end dates are based on 18-month life cycles for the products.

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