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Microsoft to add 5,000 new workers | |
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| Time: 12:51 EST/17:51 GMT | News Source: News.com | Posted By: Byron Hinson | ||
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Microsoft plans to increase its research and development budget by 20 percent and hire 5,000 new workers in the coming year, Chairman Bill Gates said on Thursday. Gates, speaking at Microsoft's annual meeting with financial analysts at its Redmond, Wash., headquarters, said the company's R&D budget will grow from $4.3 billion last year to $5.2 billion in fiscal 2003, despite the stagnant economy. "Because of our optimism (over) what the software can do in the decade ahead, we are increasing our investments," Gates said. Microsoft's employee base is "50,000 strong and growing," he said. | ||
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| #1 By 1124 (165.170.128.65) at 7/25/2002 1:13:34 PM |
|
Creating and innovating. Now that is how you compete. This post was edited by GhostRider on Thursday, July 25, 2002 at 13:38. |
| #2 By 1401 (162.39.117.228) at 7/25/2002 4:04:34 PM |
| I need a job... |
| #3 By 135 (209.180.28.6) at 7/25/2002 4:31:27 PM |
| I need a better job... :) |
| #4 By 3339 (65.198.47.10) at 7/25/2002 5:08:58 PM |
|
So what happened to the rumored big announcement to analysts regarding their 30+ billion cash hoard that was supposed to happen amongst these 3 days of meetings? Didn't the rumor seem pretty solid that they were going to announce either a buyback, acquisition, or dividend strategy to mitigate their evergrowing pile?
Anyone hear anything? Or is it now confirmed to have only have been a rumor? |
| #5 By 135 (208.50.201.48) at 7/25/2002 7:33:29 PM |
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They're just rumors. They're either going to fund a financial arm or do a stock buyback.
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| #6 By 3339 (65.198.47.10) at 7/25/2002 7:49:01 PM |
| Well, wait... is it untrue, I mean, or not? I mean these conferences were supposed to have something big in store for the investment community; they set out a ton of invites and garnered big advance headlines on CNBC and the like. A 10% increase in R&D is not that. Are you just perpetuating the rumors of a new financial arm and or buyback, or no? Just curious. |
| #7 By 135 (208.50.201.48) at 7/26/2002 12:13:06 AM |
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I'm just perpetuating rumors. If they announce something, they'll announce it. I would guess they may announce something tomorrow afternoon at market close.
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| #8 By 3653 (63.162.177.140) at 7/26/2002 10:53:02 AM |
| sodajerk... that was a TWENTY percent increase in R&D. You are either very lazy with your stats, or a bad liar... either way its interesting how your errors always work against MS. |
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