Microsoft research budget $3 billion in 1999

Published: 23 March 1999 y., Tuesday
Microsoft will spend $3 billion on research and development this year to keep improving its products, said its chief financial officer, Greg Maffei. "If you let Windows stay stale for even three or four years, it will be a dead product," said Maffei, who spoke last night at Harvard Business School_s entrepreneurs_ conference and awards ceremony in New York. Microsoft increased its sales quickly as it rode the PC revolution that began in the late 1970s. The next wave of growth will come from the Internet, and Microsoft is investing to make sure it rides that wave, said Maffei. Microsoft has been struggling with its Internet strategy with products such as its Microsoft Network online service and its content and electronic-commerce Web sites, which together have been losing money. Other rivals such as America Online have had more success at gaining both subscribers and profits.
Šaltinis: Bloomberg News
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

"Goner" Virus Can Use ICQ To Spread

A brand new worm slithering through the Web is getting passed by Microsoft Outlook home and businesses users and is so bad it has the potential of wiping out complete files. more »

Court: U.S. law trumps domain decisions

Decisions by international arbitrators in cybersquatting cases can be challenged in U.S. court, an appeals panel has ruled. more »

Business users victims and villains in Goner outbreak

Business users were the worst offenders in this week's spread of the Goner worm and many firms were slow to update antiviral protection during the outbreak. more »

New Zealand Medical Journal Scraps Paper For Web

Ending 114 years of tradition, one of New Zealand's oldest journals will move entirely to the Web and cease paper publication next year. more »

Internet World Fall 2001 means business

The unrelenting momentum of the Internet as a tool for employing creative and cost-effective new ways of doing business will be the driving theme of next week's Internet World Fall 2001 trade show in New York. more »

PCs Still Rule the E-Commerce Roost

According to research from GartnerG2, as much as 10 percent of the B2C e-commerce transactions in the United States will be done through devices other than the PC by 2005. more »

Mobile Commerce World: Mobiles outstrip landline usage in Sweden

There are now more active mobile-phone users than landline telephone users in Sweden. more »

The first victims

Philippine Hackers Deface Sites To 'Expose Flaws' more »

Memo details Microsoft response in EU case

Microsoft denied European Union (EU) allegations that it violated antitrust rules and misused its dominance of the computer industry. more »

Opera 6.0 for Windows Released

Opera Software has officially released Opera 6.0 for Windows. more »