By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Redmond, Wash. — Microsoft will purchase substantially all of Nokia’s cellular-handset business and license its patents for 5.44 billion euros ($7.16 billion) in cash.
The deal will “accelerate the growth of its share and profit in mobile devices through faster innovation, increased synergies, and unified branding and marketing,” Microsoft CEO Steve Ballmer announced last night.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.
Santa Ana, Calif. — Global IT distributor Ingram Micro has received an operational excellence award from Microsoft.
The Transaction-Level Operational Excellence Award recognizes Ingram Micro’s U.S. Microsoft business unit for meeting or exceeding specific requirements for the number of valid agreements in a variety of categories, and for the number of on-time and valid order submissions and revenue reconciliation.
Redmond, Wash. – Microsoft CEO Steve Ballmer today announced that he would step down within the next 12 months.
Ballmer, who took over as CEO for Microsoft founder Bill Gates in 2000, did not give an exact reason for his decision.
“There is never a perfect time for this type of transition, but now is the right time,” Ballmer said.
Microsoft’s board of directors has appointed a committee to find a replacement; Gates will participate in the search, the company said.
Brooklyn, N.Y. — 3D printer manufacturer MakerBot is expanding its retail presence this summer.
The company’s MakerBot Replicator 2 Desktop 3D printers will begin appearing in select Microsoft Stores nationwide. Previously, the units had been only shown in three West Coast Microsoft outlets.
The display, dubbed the MakerBot Experience, features a hands-on demonstration with a printer and the PLA filament used to make, or print, the final product.
Redmond, Wash. – Microsoft reported higher revenue and net income for its fiscal fourth quarter and fiscal year ended June 30.
Revenue for the quarter was $19.9 billion, up from the prior year’s $18.1 billion. Fiscal year revenue was $77.8 billion compared with the prior year’s $73.7 billion.
Net income for the quarter was $4.98 billion, reversing the prior year’s loss of $492 million. Net income for the year was $21.8 billion, up from the prior year’s $16.9 billion
Redmond, Wash. — Microsoft is consolidating its divisions to deliver what CEO Steve Ballmer called “a more coherent message and family of product offerings.”
The new division will include: engineering (including supply chain and datacenters), marketing, business development and evangelism, advanced strategy and research, finance, HR, legal, and COO (including field, support, commercial operations and IT).
Minneapolis – Best Buy will rebrand 500 of its computer departments as Windows Stores beginning later this month.
The move follows the rollout of some 1,400 Samsung Experience Shops to all Best Buy flagship and Mobile stores this spring, and provides a more formal merchandising alternative to the dedicated Apple sections located within 740 of Best Buy’s more than 1,000 big-box stores.
Los Angeles — Sony and Microsoft came into E3 with guns blazing Monday, revealing more details on forthcoming next-generation consoles.
Sony fired what was perhaps the largest salvo in the clash by revealing that its PlayStation 4 console would ship in time for the holidays at a $399 suggested retail — $100 less than Microsoft’s Xbox One.
Redmond, Wash. — Microsoft unveiled a pair of new mice designed to work with its Windows 8 operating system.
The Sculpt Mobile wireless mouse features a dedicated button to access the Start screen, decorated with a blue Windows logo. The mouse also has four-way scrolling and BlueTrack technology for tracking on nearly any surface.
It’s shipping this month for a $29.95 suggested retail.
Boston — Microsoft will officially roll out Windows Blue, the first major update to Windows 8, with a preview on June 26.
Dubbed Windows 8.1, the actual update will be free to Windows 8 and RT owners and will be available via the Microsoft Store sometime later this year.
The news was released by Tami Reller, Microsoft’s chief marketing officer and chief financial officer of the Windows division, at the JP Morgan Technology, Media & Telecom Conference being held here.
Reller did not offer any details on what the update will contain.