Microsoft CEO says catching Google is goal
,----[ Quote ]
| Microsoft Corp Chief Executive Steve Ballmer pledged on Thursday he will gain
| share against Google Inc in online advertising and Web searching even if it
| is in his "last breath" at the company.
`----
http://www.reuters.com/article/businessNews/idUSN0653295920080306
They don't compete. They just try to /destroy/ rivals. Totality at its finest.
"Fucking Eric Schmidt is a fucking pussy. I’m going to fucking bury that guy, I
have done it before, and I will do it again. I’m going to fucking kill Google."
--Steve Ballmer, Microsoft CEO
Recent:
Microsoft's Last Big Beat: Internet Domination or Death
,----[ Quote ]
| What can $44.6B USD mean? Well, for Microsoft (MSFT) it may mean the cost of
| survival.
`----
http://seekingalpha.com/article/63876-microsoft-s-last-big-beat-internet-domination-or-death?source=yahoo
(From the same guy who accepted and received a Microsoft bribe, Michael
Arrington, so he's not biased at all.)
Microsoft says to borrow money for Yahoo deal
,----[ Quote ]
| Microsoft Corp said on Monday it may borrow money for the first time in its
| history to fund a portion of its $44.6 billion unsolicited offer for Yahoo
| Inc.
`----
http://www.reuters.com/article/companyNews/idUSN0455692920080205
Microsoft's DreamSpark – What a Giveaway
,----[ Quote ]
| The rest of the $44.6bn (£22.3bn) deal would be financed with an undisclosed
| amount of credit.
|
| What that means is that it must squeeze as much money as it can from its
| operations to fund that debt and still pay dividends to shareholders, who
| will be looking for some payback from the Yahoo takeover. Giving away
| software is the last thing it would want to do in these circumstances, and
| the DreamSpark announcement shows just how worried it is about the future.
`----
http://www.linuxjournal.com/content/microsofts-dreamspark-%E2%80%93-what-giveaway
Debt in Disguise
,----[ Quote ]
| The purpose of securitization is to make the credit rating of the company
| practically irrelevant in a financing, so that even in a bankruptcy the
| receivables cash flow will be protected....
|
| The rating agencies also rely greatly on legal constructs that say the
| payment stream to investors will not be hindered. For instance, the transfer
| of receivables to the SPE must be a "true sale." That is, the seller must not
| retain too much of the reward or the risk coming from the asset, says Robert
| Hahn, a partner with Hunton & Williams LLP. In addition, the SPE has to
| be "nonrecourse" — in other words, the company's creditors must not have
| claim to the assets of the SPE if the originating company goes bankrupt.
|
| "Securitization divorces the creditworthiness of the [company] from the
| credit of the pool," says Mark Spradling, a partner with Vinson & Elkings
| LLP. "True sale and nonconsolidation are part of that separation."
|
| But the opinion that legal control of receivables has passed to a third party
| has not been litigated in the bankruptcy courts....
|
| Tapping the capital markets without a lending bank in between means that even
| non-investment-grade companies can finance at near what triple-A companies
| pay.
`----
http://www.cfo.com/article.cfm/10013957/c_10203909?f=home_todayinfinance&x=1
Feeling the heat at Microsoft
,----[ Quote ]
| A couple of years ago you reiterated that IBM was Microsoft's biggest
| competitor and you said not just on the business side, but overall. If I ask
| you who is Microsoft's biggest competitor now, who would it be?
|
| Ballmer: Open...Linux. I don't want to say open source. Linux, certainly have
| to go with that.
`----
http://www.news.com/Feeling-the-heat-at-Microsoft/2008-1012_3-6232458.html?tag=ne.fd.mnbc
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