EditorsAbout the SiteComes vs. MicrosoftUsing This Web SiteSite ArchivesCredibility IndexOOXMLOpenDocumentPatentsNovellNews DigestSite NewsRSS

08.06.08

Microsoft Could Soon Enter Debt

Posted in Finance, Microsoft at 3:11 pm by Dr. Roy Schestowitz

An acquisition of Yahoo! would have required Microsoft to borrow over $20 billion from the bank, but as more buybacks loom, it seems possible that Microsoft will enter debt even without having to buy Yahoo. This was actually foreseen before and now it appears more likely that the hidden financial weakness will worsen every quarter. This leads to aggression.

Anyway, one report comes from Reuters, but its original source is Bloomberg, which recently reported on Microsoft's loss of over $90 billion in value this year.

Microsoft Corp (MSFT.O: Quote, Profile, Research, Stock Buzz) will buy back as much as $20 billion of its stock to boost its flagging share price, Bloomberg News quoted a top-rated software analyst as saying.

Here is the report in the Australia press (wide circulation).

She expects Microsoft to complete the repurchase – at least five times larger than its average per quarter in the past fiscal year – over the next three months.

“They won’t announce it until it’s done,” Ms Bellini said.

It’s curious that they may do so quietly, unlike Novell [1, 2].

It also appears in Bloomberg under the headline “Microsoft $20 Billion Buyback Signaled After Slump”. Microsoft last had about 26$ billion left in the bank, which is a lot less than there used to be. Massive buyouts and fines are partly to blame and future margins erosion is guaranteed to cause further trouble.

Just watch what else has just been reported: Microsoft’s business intelligence general manager quits the company.

Microsoft Corp. announced today that Bill Baker, a Microsoft distinguished engineer and general manager of business intelligence applications for the Microsoft Office Business Platform team, is leaving the company.

Not so long ago it was President Johnson, who left abruptly on the face of it, based on reports. It could incite panic and it does not bode well for the future. Another Microsoft executive appears to have just left quietly. He was hired by another company.

Lyn Reyes, formerly local business lead for Microsoft Dynamics, was appointed by Gurango Software Corp.’s (GSC) vice president for global sales.

Times are changing. These are truly interesting times for those who anticipate radical change in the software industry.

“Freedom is primarily achieved by providing the means for self-reliance. When individuals can provide for their own needs independently, without placing burdens on others, they are more free.”

Terry Hancock

Share this post: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Reddit
  • co.mments
  • DZone
  • email
  • Google Bookmarks
  • LinkedIn
  • NewsVine
  • Print
  • Technorati
  • TwitThis
  • Facebook

If you liked this post, consider subscribing to the RSS feed or join us now at the IRC channels.

Pages that cross-reference this one

4 Comments

  1. twitter said,

    November 12, 2008 at 3:40 pm

    Gravatar

    Here’s the WSJ Reporting on the $40 Billion buyback.

    Microsoft today said it would spend $40 billion on a larger-than-expected stock buyback program–one of the largest such efforts in history and more than double what one analyst predicted several months ago. … nearly as much as the software giant proposed to spend this year in acquiring Web advertising and search company Yahoo. … notable in the announcement was Microsoft’s plan to tap the debt markets for the first time.

  2. G. Michaels said,

    November 12, 2008 at 3:48 pm

    Gravatar

    I would be weary of comments by this ‘twitter’ person. See:

    http://slashdot.org/~SockDisclosure/journal/214377

    Note: writer of this comment adds absolutely nothing but stalking and personal attacks against readers, as documented here.

  3. twitter said,

    November 12, 2008 at 3:52 pm

    Gravatar

    Give it up, stalker.

  4. G. Michaels said,

    November 12, 2008 at 10:35 pm

    Gravatar

    You should get busy:

    http://slashdot.org/comments.pl?sid=1022765&cid=25690127

    Note: writer of this comment adds absolutely nothing but stalking and personal attacks against readers, as documented here.

What Else is New


  1. In an Effort to Push the Unitary Patent (UPC), EPO and the Liar in Chief Spread the Famous Lie About SMEs

    The EPO wants people to hear just a bunch of lies rather than the simple truth, courtesy of the people whom the EPO proclaims it represents



  2. Links 21/9/2017: Red Hat's Open Source Patent Promise; Qt 5.6.3, Kali Linux 2017.2 Release

    Links for the day



  3. East Asia's Patent Peril and the Curse of Patent Trolls

    The high cost of China's new obsession with patents and the never-ending saga of Samsung (Korea), which gets dragged into courts not only in the US but also in China



  4. USPTO Starts Discriminating Against Poor People, and Does So Even When They Rightly Point Out Errors

    Even though the burden of proof ought to be on one who grants a monopoly, the legal costs are being offloaded onto those who challenge an erroneously-granted monopoly (even if the court sides with the challenger)



  5. Ambrose Chan Enters Document Security Systems (DSS), a Partly Patent Troll Entity

    The Board of Directors of DSS enlists a man from Singapore, whose lack of technical background suggests that the company is still more of a bully than an innovator



  6. UPC Threatens to Weaponise Software Patents in Countries That Forbade These

    The reality of software patents in Europe and what a Unified Patent Court (UPC) would mean for these if it ever became a reality



  7. The Latest Lies About the Unitary Patent (UPC) and CIPO's Participation in Those

    Team UPC continues to overplay its chances, conveniently ignoring simple facts as well as the Rule of Law



  8. The Patents Policy of Facebook is Causing an Exodus

    Yet another major player walks away from Facebook's code because of software patents



  9. Links 20/9/2017: Wine Staging 2.17, Randa 2017, Redox OS 0.3.3

    Links for the day



  10. When Google Used Alex Converse to Raid the Public Domain With Software Patents

    In its overzealous pursuit of software patents, Google is now turning public domain methods into private 'property' (in defiance of critics)



  11. Mark Kokes, the Man Behind BlackBerry's Patent Aggression, Leaves the Company

    The man behind the patent troll-like behaviour of BlackBerry is leaving



  12. WordPress Demonstrates That Facebook's Patent Strategy is Deterring/Alienating Developers

    React is being dumped following Facebook's attempt to restrict distribution/derivatives using software patents



  13. Links 19/9/2017: Pipewire, Mir Support for Wayland, DRM in W3C

    Links for the day



  14. Links 18/9/2017: Linux 4.14 RC1, Mesa 17.2.1, and GNOME 3.26 on Ubuntu Artful

    Links for the day



  15. Patent Trolls Update: Eolas, Conversant (MOSAID), Leigh Rothschild, and Electronic Communication Technologies

    Patent trolls are still being watched -- as they ought to be -- even though some of them shy away, hide from the media, engage in dirty tricks, and file more lawsuits



  16. Microsoft is Promoting Software Patents in India in Another Effort to Undermine Free/Open Source Software, Microsoft-Connected Trolls Are Still Suing

    The ongoing patent threat to Free/libre Open Source software (FLOSS) and the role played by Microsoft in at least much of this threat



  17. Patent Trial and Appeal Board (PTAB) Under Attack by IBM and Other Patent Parasites Who Undermine Patent Quality

    The PTAB, which has thus far invalidated thousands of abstract/software patents, is under a coordinated attack not by those who produce things but those who produce a lot of lawsuit



  18. Why the Mohawk Tribe Should Fire Its Lawyers and Dump the Patents Which Now Tarnish Its Name

    In order to dodge the Patent Trial and Appeal Board (PTAB) with its Inter Partes Reviews (IPRs), the Mohawk tribe is being exploited -- very much in direct detriment to its reputation and status



  19. Amazon and Google Have Both Become Part of the Software Patents Problem

    The transition from so-called 'defensive' patents to offensive patents (ones that are used to suppress competition) as seen in Amazon and in Google, which is already suing rivals and is pursuing additional patents by acquisition



  20. Unless Physical, Inventions Are No Longer Patent-Eligible in US Courts, But USPTO Ignores Precedence

    Even though the ability to enforce software patents against a rival (or many targets, especially in the case of patent trolls) is vastly diminished, the US patent office continues to grant these



  21. Citing the European Patent Convention, Spanish Court Tosses Lawsuit With EPO-Granted European Patent

    The quality of European Patents (EPs) -- a subject of growing levels of scrutiny -- as demonstrated in Barcelona this summer



  22. Links 16/9/2017: More of “Public Money, Public Code”, Equifax Failed to Patch for Months

    Links for the day



  23. BlackBerry Has Turned Into a Patents and Licensing Company

    The Canadian company that made fairly reputable phones early in this century is left with nothing but the power to sue other companies -- a power to which it increasingly gravitates



  24. European Patent Office Continues to Paint a Rosy UPC Picture Even Though the UPC May Already be Dead

    The European Patent Office (EPO) doesn't let facts get in the way as another week passes with UPC promotion and further staff repressions



  25. Tax Evasion by Patent Boxes and Lies About Small Businesses (SMEs) in the Corporate Media

    The lobbying effort of the patent 'industry' -- and its largest beneficiaries -- paints its own perks as something that's intended for their small/minuscule competitors (whom they actually attempt to misrepresent and crush)



  26. Links 15/9/2017: Mesa 17.2.1 RC, Wine 2.17, WordPress to Ditch React Over Patents

    Links for the day



  27. The UPC Fantasy is Going Nowhere as Complaints and Paperwork Pile Up

    Many submissions and complaints about the Unitary Patent have time to arrive before the end of October as a decision on the matter seems as distant as 2018



  28. At Event of EPO SLAPP Firm, a Suggestion That the UPC Should be Scrapped Because It's Stuck

    Just like the TPP, the UPC is now in a potentially fatal deadlock, so people with a stake in the outcome consider starting again (almost from scratch)



  29. Watchtroll Helps the EPO Peddle Fake News About the Unitary Patent (UPC)

    The Unified Patent Court (UPC) isn't happening; the EPO, however, keeps on pretending that it can already operate as though the UPC got the green light



  30. Links 14/9/2017: Plasma 5.11 Beta, Q4OS 1.8.8, Orion

    Links for the day


CoPilotCo

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

CoPilotCo

Recent Posts