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  .NET result: Gates gives firm a 'C'
Time: 03:54 EST/08:54 GMT | News Source: CNN | Posted By: Julien Jay

Bill Gates, the head of Microsoft Corp. and one of the world's richest men, gave his company a "C" grade on Wednesday for stumbling in its delivery of a set of Internet communications products. "In some respects we're further ahead than we expected. In some respects we haven't made as much progress as we expected," Gates said of the project known as .NET. In an unusual display of humility for the software giant, Gates told reporters and analysts at a briefing that Microsoft's record was spotty when it came to bringing Web-based software experiences to users. With .NET, Microsoft is promising to change the way information changes hands so that software and services no longer depend on single computers, but can be run over networks and available over a wide range of devices, such as handheld computers and mobile phones.

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