Feeds

Ballmer leaves investors speechless in Seattle

He won't go quietly, huh

Boost IT visibility and business value

The pressure must be getting to Microsoft's very own bald eagle Steve Ballmer as he issued a stinging public rebuke - for the first time - to dissenting investors calling for his head, and used the soon-to-be released fiscal 2011 results to back up his reputation.

According to reports in the Seattle Times, Microsoft's CEO shouted at a captive audience attending a civic bash in the city's Rotary Club yesterday.

"You tell me if I lack energy, conviction or we're not driving change we need to drive," he bellowed.

Calls for Ballmer to quit the firm have been growing in recent weeks - including from high profile hedge fund bigwig David Einhorn, president of Greenlight Capital - given the firm's share price stagnation, and IBM and Apple's overtaking it in terms of market capitalisation.

The nine-strong board continues to support him.

To justify his top seat, Ballmer then gave a sneak preview of Microsoft results for the year ended 30 June, not due to be published for some weeks yet.

"There's a reason why we'll do almost $70bn in revenue this year and we'll make over $20, whatever, $26, $27bn in profits," he added.

Redmond then clarified post-event to the ST that the big cheese was actually referring to operating profits of $26bn to $27bn, slightly lower than analyst estimates of $27.2bn and sales of $69.8bn.

Microsoft refused to comment. ®

Best practices for enterprise data

More from The Register

next story
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?