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[News] Microsoft is Down and GNU/Linux is Up

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Linux Is In Business and Business Is Good

,----[ Quote ]
| The 5K layoff at Microsoft will look like a paper cut compared to the 
| hemorrhaging that will take place if some of those lucrative government 
| contracts were lost to Linux and Open Source applications. Remember...  
| For almost every Microsoft and Windows machine that gets axed, there will be 
| an anti virus company somewhere crying a river of tears as well. 


Microsoft's staff exodus speaks volumes (see bottom). Microsoft is down sharply
to $16.xx territories.

Even Microsoft's anti-Linux message isn't this bad

,----[ Quote ]
| This anti-Linux Microsoft "ad" hit the Web a few weeks ago, but I just came 
| across it last night and thought it was funny. 
| It's not funny because of its content but rather because some people actually 
| think that it's a real ad put out by Microsoft to discredit Linux, one 
| originally placed on a page describing how to multiboot operating systems.  



Another Microsoft Corporate VP leaves the nest

,----[ Quote ]
| I missed this: Gerri Elliott, Microsoft’s Corporate Vice President of its
| Worldwide Public Sector business, is out.
| [...]
| Update:  The more you dig, the more quiet executive resignations/departures
| you find. Two more Microsoft Corporate VPs — Lewis Levin and Richard McAniff,
| both with Office — also left Microsoft at the end of last year. Perhaps there
| really is a case to be made that attrition will end up reducing Microsoft’s
| ranks without full-timers being let go….


Microsoft Profit, Sales May Fall Short, Bellini Says

,----[ Quote ]
| Microsoft Corp. may have to warn shareholders that profit and sales will fall
| short this quarter for the first time since 2000, according to Heather
| Bellini, an analyst at UBS AG.


Will Microsoft miss its quarterly estimates?

,----[ Quote ]
| A Microsoft analyst thinks that the company might have to warn shareholders
| that its results won't match forecasts, according to Bloomberg News.


Razorfish cuts West Coast staff

,----[ Quote ]
| Rumors have circulated for months that Microsoft may be looking to sell the
| Razorfish business, though CEO Clark Kokich told TechFlash last month that
| there was nothing in the works. However, he didn't rule out the possibility
| down the road.
| "That doesn't mean that two to three to four years from now, it might not
| happen," Kokich told reporter Eric Engleman.


Microsoft's Razorfish cuts NYC staff

,----[ Quote ]
| Microsoft's online ad agency Razorfish laid off 40 staff in its New York
| office this afternoon, citing a dropoff in business from the financial
| services sector.


Microsoft Cuts Staff at FAST Search Division

,----[ Quote ]
| Xconomy received a report last week that the Oslo, Norway-based FAST Search
| division of Microsoft, which has a 180-person outpost in Needham, MA, and a
| smaller office in New York, had laid off 25 people in its U.S. offices.


Ex-Microsoft boss sentenced


Former Microsoft Manager Gets 2 Years In Jail


SEC Foresees Rise in Fraud Cases

,----[ Quote ]
| Laying out his priorities, the new enforcement chief for the Securities and
| Exchange Commission in San Francisco said Thursday he expects an upswing in
| fraud cases against public companies.



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.''



,----[ 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.


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