Update: The disgraced co-owner of the Clippers has pulled his support from a deal to sell the team and will pursue a $1 billion suit against the NBA, his lawyer says. In a statement Tuesday he also blasted the league for trying to take away his rights.
Sterling will take the NBA to court over its efforts to wrest control of the L.A. Clippers away from him.
Ballmer’s $2 billion bid for the Los Angeles Clippers reportedly was accepted.
The tech mogul has won the bidding for the team and set a record price for an NBA franchise.
After a decade of limbo, shares of Microsoft have climbed to highs that the company hasn’t seen in more than ten years.
The company has picked Satya Nadella, an insider, to run the company. That’s after about half a year of deliberations over who would run Microsoft.
The uncanny familiarity with the two tech giants of yore’s search for a leader.
Steve Ballmer and company are holding an analyst meeting today. It’s the first in several years, and comes at a time where the future of Microsoft is basically up in the air.
Like it or not, Microsoft is going to be a consumer-oriented company with its enterprise services funding the rest of the company. Yesterday’s announcement basically confirms the former Microsoft CEO’s vision.
The impending retirement of Microsoft CEO Steve Ballmer within the next 12 months comes during a difficult time for the software giant.Microsoft is in the midst of charting a new strategic direction after losing ground to rivals and credibility with consumers. Ballmer’s departure, along with a number of other senior executives over the last year, leaves Microsoft with more questions than answers.
Ballmer announced Friday that he would retire from Microsoft in the next 12 months. Here’s a by-the-numbers look at his decade-plus run as the software giant’s leader.
Steve B is retiring as CEO from Microsoft in a year, so let’s look at some of his biggest hits. What, were you expecting something about their business?
Steve Ballmer is stepping down. But who is replacing him?
Shares of Microsoft, led by Chief Executive Steve Ballmer, ended the week on a dour note, down about 10%, after the software giant reported weak second quarter earnings that were impacted by the declining PC market and a nearly $1 billion charge for unsold Surface tablets.
Its fourth quarter was impacted by the decline in the PC industry.
Microsoft’s current business problems, which prompted a major corporate reorganization last week, were foreshadowed in a farewell letter in 2003.
Microsoft finally announced a massive reorganization of the company. Here are the software giant’s new power players.
I have no way of knowing whether this is fake or not, but it’s a damn good story, and it fits with what I imagine working at Microsoft might be like. Bing, bitches! (Via Cyn-C.)
Watch Video ›