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[News] [Rival] Microsoft XBox Hits More Delays

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Microsoft delaying Xbox Live Primetime


What a disaster XBox has been.


MS hit with Red Ring of Death lawsuit

,----[ Quote ]
| Just four words can send a Microsoft Xbox 360 executive running for the
| hills. And they’ll be getting their trainers on now, because a Red Ring of
| Death lawsuit has been filed against Microsoft.
| A report by DailyGamesNews states that the lawsuit alleges Microsoft knew
| about the infamous RRoD problem as far back as 2005, but that the firm chose
| to hide Xbox 360 RRoD failure rates so that sales wouldn’t suffer.


Report: Microsoft Sued Over Xbox 360 Failures in California

,----[ Quote ]
| The infamous red ring of death rears its head again, this time resulting in a
| lawsuit over recent revelations made in the press.


Microsoft fires quality assurance whistle-blower

,----[ Quote ]
| A VOLISH QA who exposed shonky production practices during the Red Ring of
| Death fiasco has been fired.
| Robert Delaware talked to Venturebeat on the Xbox 360 defects and might face
| litigation, presumably for violating a non-disclosure agreement.


In-depth exposé reveals Microsoft’s Xbox 360 failure rate was 68%

,----[ Quote ]
| The dreaded high failure rate issue with the Xbox 360, otherwise known as the
| Red Ring of Death, has received some in-depth coverage. We are talking about
| some serious coverage here with insider interviews with the original
| engineers that worked on the Xbox 360 all the way up to the high ranks of
| Microsoft.
| [...]
| Microsoft’s attitude of “release now and patch later” with the Xbox 360 has
| ended up costing billions of dollars as well as leaving many gamers angry. It
| is also speculated the reason for Microsoft’s decline in worldwide sales is
| directly attributed to the Red Ring of Death issue.


Mayhem for Microsoft over £500m bill for Xbox 360 red ring of death

,----[ Quote ]
| Computer giants Microsoft are facing a £500million repair bill after their
| Xbox Elite consoles were hit by the notorious "red ring of death".


PS3 tops Xbox 360 in May game console sales

,----[ Quote ]
| Nintendo's Wii remains atop the monthly sales race in the U.S. video-game
| console market, but Sony's Playstation 3 beat Microsoft's Xbox 360 in May
| unit sales released by the NPD Group research firm today. Here's how the
| three consoles stacked up:
| Nintendo Wii: 675,100
| PlayStation 3: 208,700
| Xbox 360: 186,600
| [comment:]
| Guess the "inventory" excuse is now out. So maybe this explains why MSFT
| reshuffled management this week.


Microsoft Xbox Executive out Amid Reshuffling

,----[ Quote ]
| Jeff Bell, corporate vice president of global marketing for Microsoft's
| Interactive Entertainment Business, is leaving the company at the end of the
| summer to pursue other interests after only two years at the company,
| Microsoft said Thursday. Summer in the U.S. typically means the months of
| June, July and August.


X-Box flops, Microsoft winds up ops in several cities

,----[ Quote ]
| It seems to be troubled days for Microsoft's X-Box as it seems the company is
| now winding up operations in several cities.
| [...]
| According to sources, the company has withdrawn from several Tier-I cities
| due to lackluster sales. Microsoft Entertainment & Devices Division has also
| withdrawn the marketing budget for the current fiscal.


The Xbox 360 is dead

,----[ Quote ]
| According to a report, if some Australian retailers had their way, the Xbox
| 360 would be dumped from their shelves.


Xbox 360 On The Skids Retailers Consider Dumping It


MS showcases Red Ring of Death Xbox 360 at expo

,----[ Quote ]
| Microsoft executives will be a little red-faced today after an Xbox 360 on
| display at this year’s Game Developers Conference (GDC) in San Francisco
| contracted the infamous ‘Red Ring of Death’ disease.


Microsoft's own chip design blamed for Xbox 360 RRoD

,----[ Quote ]
| The Xbox 360's infamous Red Ring of Death problem was the price Microsoft
| paid for attempting to save money by designing its own graphics chip for the
| console rather than buy one off a specialist supplier, it has been claimed.


PS3 tops Xbox 360 for third straight month

,----[ Quote ]
| Sony sold 224,900 PlayStation 3 consoles in the United States in July,
| according to data released this afternoon by the NPD Group research firm.
| That put the PS3 ahead of the Xbox 360 in U.S. unit sales for the third
| straight month. Microsoft sold 204,800 of its consoles in the country in
| July, according to the NPD data.


Microsoft Needs Its Mojo Back

,----[ Quote ]
| Somewhere in the Silicon Valley, there's a Doctor Evil holding a test tube
| full of Microsoft Mojo. Unlike the golden age of the 1990s, Microsoft isn't
| generating excitement anymore. Sure, people still care what Microsoft does,
| but lately it's more like the industry knows the company is headed for a fall
| and is just rubbernecking to see the inevitable result.
| Problems are arriving on all fronts. Vista uptake in the enterprise just
| isn't happening; it's likely that many Vista licenses sold there are being
| downgraded to XP. Microsoft's plan to combine search forces with Yahoo hardly
| matters; at this point the both of them are plummeting against Google, which
| has nearly 70% share. The Zune music player is a minor nuisance to Apple's
| iPod. Sony just announced price cuts that are likely to push Microsoft into
| another round of XBox cuts, just as they were starting to eke out a profit.
| (Microsoft has lost about $7 billion on XBox since 2002.)


Ex-Microsoft Manager Pleads Guilty, Sentenced For Embezzlement




,----[ Quote ]
| THE ALLEGATIONS WERE shocking: For years, Microsoft has systematically
| distorted its profit figures in an effort to consistently beat Wall Street
| expectations and keep its stock price steadily rising. The false reports
| would violate SEC regulations, and amount to outright fraud.
| More shocking was the source of the allegations: Microsoft's chief of
| internal audits, Charlie Pancerzewski, who reported directly to the company's
| chief financial officer.
| Most shocking of all was what happened to Pancerzewski when he reported the
| suspicious bookkeeping to his supervisors, Microsoft CFO Mike Brown and chief
| operating officer Bob Herbold, in the spring of 1995. Soon afterward,
| Pancerzewski—who for nearly five years had received stellar performance
| evaluations—received his first-ever unsatisfactory one, and was eventually
| forced to resign.
| Two months ago, Microsoft quietly settled a lawsuit containing these
| allegations, filed in 1997 by Pancerzewski under the Whistleblowers
| Protection Act. The auditor claimed he was wrongfully terminated after
| telling his supervisors that Microsoft might be breaking securities and tax
| laws. The lawsuit made its tortuous way through several rounds of pretrial
| motions until last fall, when US District Judge Carolyn Dimmick denied
| Microsoft's final plea for summary judgment, finding credible evidence that
| Microsoft may have violated SEC rules, as Pancerzewski alleged. Shortly
| thereafter, Microsoft and Pancerzewski settled out of court. Terms of the
| agreement were sealed, but one source who claims familiarity with the case
| says that Microsoft paid Pancerzewski $4 million.


Ecuador Tax Agency Closes Microsoft Branch Offices For 7 Days

,----[ Quote ]
| "We have twice requested balances, payment reports and complete tax
| information, but the company hasn't given it to us, so in accordance with our
| laws we have proceeded with the closure," the SRI official in charge of the
| proceeding said.


Microsoft Office raid in Hungary

,----[ Quote ]
| "Such behavior could lead to the exclusion of competitive products from
| the market and violate European Union rules, according to the authority
| known as the GVH."


Microsoft exec dumped stock prior to Red Ring announcement

,----[ Quote ]
| To make matters more murky, the sales were not registered with the Securities
| and Exchange Commission within the mandatory two days of the transaction, a
| result of an alleged "administrative error." Microsoft has since remedied the
| issue by following the "procedures required of late-filers."


Microsoft's Bach sold more stock before Xbox news

,----[ Quote ]
| Microsoft Corp. executive Robbie Bach sold $3 million more in company stock
| during the period leading up to an announcement about a costly flaw in its
| Xbox video game console than previously reported, according to a filing
| Monday with the Securities and Exchange Commission.


Insider Trading Hasn't Affect Microsoft Stock - Yet

,----[ Quote ]
| MarketWatch.com reports that Robbie Bach, president of Microsoft's
| Entertainment and Devices division, sold $6.2 million of Microsoft
| stock just prior to announcing that Microsoft was going to have to
| extend XBox 360 warranties to three years because of extensive
| failures. The filings note that this was not part of any
| scheduled diversification or selling program; this was a
| conscious, unscheduled sale by the guy in charge of releasing
| news that could affect the value of Microsoft stock.
| [...]
| Insider trading is a very serious violation of the law; just
| ask Martha Stewart, who served five months in prison for
| avoiding losses of $43,000 through trades that just had suspicious
| timing (no insider trading was actually proven). This is $6.3
| million that went straight into Robbie Bach's pocket.


[Mandriva CEO:] An open letter to Steve Ballmer

,----[ Quote ]
| Wow! I’m impressed, Steve! What have you done for these guys to change their
| mind like this? It’s pretty clear to me, and it will be clear to everyone.
| How do you call what you just did Steve, in the place where you live? In my
| place, they give it various names, I’m sure you know them.
| Hey Steve, how do you feel looking at yourself in the mirror in the morning?
| Of course, I will keep fighting this one and the next one, and the next one.
| You have the money, the power, and maybe we have a different sense of ethics
| you and I, but I believe that hard work, good technology and ethics can win
| too.


Microsoft's Accounting Under Scrutiny

,----[ Quote ]
| The company has still not made enough information public to provide analysts
| with detailed information on the profitability of its MSN Internet business,
| Mr. Galvin said, adding, ''There's still room for them to obfuscate.''


Microsoft - Undeserving of Libertarian Praise

,----[ Quote ]
| One strategy that Microsoft has employed in the past is paying for the
| silence of people and companies. Charles Pancerzewski, formerly Microsoft's
| chief auditor, became aware of Microsoft's practice of carrying earnings from
| one accounting period into another, known as "managing earnings". This
| practice smoothes reported revenue streams, increases share value, and
| misleads employees and shareholders. In addition to being unethical, it's
| also illegal under U.S. Securities Law and violates Generally Accepted
| Accounting Practices (Fink). Mr. Pancerzewski claims he was forced to retire,
| for raising the issue of deferred earnings with Microsoft executives, thereby
| making plausible deniability more difficult for said executives. He has since
| sued Microsoft, who responded by settling out of court, but also sealing the
| records to prevent public disclosure (Fink).


Microsoft Agrees To Refrain From Accounting Violations in SEC Settlement

,----[ Quote ]
| Microsoft has agreed to refrain from accounting violations to settle federal
| regulators' allegations that it misrepresented its financial performance, the
| government announced Monday.
| Under a settlement with the Securities and Exchange Commission, the software
| giant neither admitted to nor denied wrongdoing. No fine was imposed.
| The SEC alleged that Microsoft's accounting practices from July 1994 through
| June 1998 caused its income to be substantially misstated.


"Microsoft Tax," MSN Enters the Black Hole, New Names for NT

,----[ Quote ]
| The lawsuit, filed last year by Mukilteo City Councilman Charles
| Pancerzewski, alleges that he was forced to resign as Microsoft's general
| auditor in January 1996 after working for the company's internal auditing
| department for more than four years. The suit claims that a "significantly
| younger man" with little auditing experience was picked to replace
| Pancerzewski, who was finally forced out because he discovered Microsoft
| might have been violating government regulations. Once Pancerzewski left the
| company he was replaced by the younger man, who his attorneys believe
| was "less prone to raise issues of possible legal improprieties which could
| threaten or embarrass Microsoft or its management.


SEC Investigating Microsoft Practices -- Earnings Manipulated, Former Employee

,----[  Quote]
| "The CFO to whom Charlie was reporting his concerns about illegality was the
| biggest advocate for the very illegality that was going on," Vial argued in
| court a year ago.


,----[ Quote ]
| Sadly, many of these brilliant people have been blinded by the stock
| price and unable to see that Microsoft is also the key architect of
| the greatest financial pyramid scheme this century.
| It is not uncommon for participants in pyramid schemes to lose their
| emotional bearings. My close friends who work at Microsoft are
| particularly upset over my work and it is possible that even Bill
| Gates and Steve Ballmer do not realize the implications of their
| financial practices.


,----[ Quote ]
| As with all pyramid schemes, it is important to get as close to tier
| 1 as possible. From a practical standpoint, usually only tiers 1 and 2
| will derive significant long-term economic rewards from such schemes.

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