Microsoft profits decline

January 21st, 2009 NEW YORK - Software giant Microsoft announced Thursday plans to slash up to 5,000 jobs as the company faces the effects of the world economic crisis. It would be the first job reductions ever in the company's history.

June 4th, 2009 Microsoft Corp. CEO, Steven Ballmer made it clear that they would move some employees offshore, if President elect Barack Obama plans to imposes higher taxes on U.S.

September 16th, 2009 SAN FRANCISCO - Business software maker Oracle reported a 5 percent decline in quarterly revenue Wednesday as businesses held off on buying new software. The Silicon Valley company said its sales dropped to $5.1 billion, but the company managed to increase profits by 8 percent to $1.1 billion, compared to $1.07 billion in the year-ago quarter.

September 30th, 2009 Microsoft CEO's compensation down 6 percent in '09SEATTLE — The value of the compensation package granted to Microsoft Corp. CEO Steve Ballmer fell about 6 percent in fiscal 2009, a year in which weak computer sales cut into the software maker's profits.

July 22nd, 2009 Yahoo to spend more after cost cuts lift 2Q profitSAN FRANCISCO — Carol Bartz has already shown off her cost-cutting skills in her first six months as Yahoo Inc.'s chief executive. Now, she will try to prove she isn't making a a bad bet by spending more money while the Internet company's advertising sales are still sagging.

August 14th, 2009 July video game sales show sharp declineNEW YORK — Hurt by the recession and few hit game launches, U.S. retail sales of video games dropped sharply in July, showing an even bigger decline than what many analysts were expecting.

July 29th, 2009 NEW DELHI - IT training service provider NIIT Ltd Wednesday reported 42 percent dip in net profits to Rs.9.9 crore for the quarter ended June 30 as against Rs.17 crore in the like period last year. However, the company recorded one percent increase in its net revenue to Rs.261 crore from Rs.259.5 crore, NIIT said in a statement.

May 20th, 2009 With Google retaining its top slot in the search engines market, Microsoft is trying to set its foot with new Live Search property. Microsoft's new face of Live Search, Kumo will be released at the D: All Things Digital conference, to be held in Carlsbad, Calif.

January 8th, 2009 CHENNAI - In an announcement that took everybody by surprise, Tamil Nadu Electricity Minister Arcot N. Veeraswamy said here Friday that the state does not need any more investment from the IT sector.

June 9th, 2009 Bing swing: New search engine ups Redmond's share SEATTLE — In the week since Microsoft Corp. launched Bing, its new search engine, the software maker's share of U.S.

July 15th, 2009 PC shipments down 3 pct., less than expected in 2QSEATTLE — Worldwide personal computer shipments declined at a gentler pace than expected in the second quarter as consumers snapped up inexpensive laptops, two technology research groups said Wednesday. Still, the figures point to 2009 being the industry's first full year in decline since 2001.

September 29th, 2005 According to TIOBE Programming Community Index Java is the leading programming language again, ahead of C and C++, its nearest rivals. Perl and PHP occupy 4th and 5th positions respectively attesting to the power of scripting languages.

April 14th, 2009 SAN FRANCISCO - Major companies in the Silicon Valley are suffering the biggest slump since the dot-com bust, further proving that the leading technology hub is not immune from the effects of a global economic meltdown, a new report has said. According to rankings compiled by the San Jose Mercury News, total market capitalisation of Silicon Valley's 150 biggest public companies plunged 32 percent to about $850 billion for the past 12 months ending March 31, the worst decline since 2002.

October 1st, 2009 Comcast, Microsoft, Smithfield Foods big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Thursday on the New York Stock Exchange: NYSE: Smithfield Foods Inc., down $1.18 at $12.62 The nation's largest hog producer and pork processor said its CEO sold 100,000 shares this week for personal financial reasons. Constellation Brands Inc., up 82 cents at $15.97 The wine and spirits maker said it hopes its new distribution system will boost profits, continuing the trends of its second quarter.

July 17th, 2009 June video game sales drop sharplyNEW YORK — Squeezed by the economic downturn, U.S. retail sales of video games dropped sharply in June, the largest year-over-year decline the industry has seen in nearly nine years.