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Home News & Reviews Gadget Reviews Ballmer downplays Microsoft's shift in market value, says it's a 'long game'

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PostHeaderIcon Ballmer downplays Microsoft's shift in market value, says it's a 'long game'

Nothing too shocking here, but Microsoft CEO Steve Ballmer has made his first public comments on his company's recent slippage in market cap, and he's unsurprisingly downplaying the numbers. Speaking at a press conference in New Delhi, Ballmer said simply that "we are executing very well," and "that's going to lead to great products and great success," later adding that, "I will make more profits and certainly there is no technology company in the planet which is as profitable as we are... ," and that "stock markets will take care of the rest." What's more, while he seemingly didn't refer to Apple by name, he did say that "it is a long game," and that "we have good competitors ... we too are very good competitors." As you might expect, Ballmer was also asked about the recent shakeup at Microsoft, but he apparently wouldn't say anything more than that he "wouldn't predict any drastic changes" in strategy for the division, and that "we'll have to accelerate plans" -- although it's not exactly clear what will be "accelerated."

Ballmer downplays Microsoft's shift in market value, says it's a 'long game' originally appeared on Engadget on Thu, 27 May 2010 13:12:00 EDT. Please see our terms for use of feeds.

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Source: Engadget
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