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  Ballmer: 'Big, Bold Bet' Needed To Beat Google
Time: 00:01 EST/05:01 GMT | News Source: CRN | Posted By: Kenneth van Surksum

In an internal memo, Microsoft chief executive Steve Ballmer defended company spending plans that have sent its stock price tumbling by 12 percent since Thursday.

"Throughout our history, Microsoft has won by making big, bold bets," Ballmer wrote to employees in an e-mail obtained by several newspapers, including the Seattle Post-Intelligencer, which ran excerpts on its Web site.

"I believe that now is not the time to scale back the scope of our ambition or the scale of our investment," Ballmer continued. "While our opportunities are greater than ever, we also face new competitors, faster-moving markets and new customer demands."

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