N@N

Schaeffer's Market Blog: Microsoft CEO Steve Ballmer Reiterates Weak Guidance, Slams Jerry Yang

_{//science-technology.news-articles.net/content/2 .. r-reiterates-weak-guidance-slams-jerry-yang.html}
^{Published in Science and Technology on Tuesday, February 24th 2009 at 11:52 GMT, Last Modified on 2009-02-24 11:52:30 by Market Wire}  

CINCINNATI--([ BUSINESS WIRE ])--Microsoft Corporation (NASDAQ: MSFT) fell today to its lowest price since January 1998, after CEO Steve Ballmer warned that challenging market conditions will persist through the second half of 2009. "I think the economy will be relatively weak for a relatively long time," predicted Ballmer, speaking at a financial analysts' meeting in New York.

Specifically, the software giant expects its second-half earnings and revenue will decline on a year-over-year basis, and Ballmer said he's continuing to manage costs carefully -- though he's wary of cutting the budget too deeply, for fear of hampering innovation.

To continue reading this article, click here: [ http://www.schaeffersresearch.com/commentary/content/microsoft+ceo+steve+ballmer+reiterates+weak+guidance+slams+jerry+yang/optionbytes.aspx?single=true&byteID=91361#91361"&source=businesswire ]