By Franklin Paul and Bill Rigby
NEW YORK (Reuters) - Microsoft Corp stunned Wall Street with disappointing results that included plans to slash up to 5,000 jobs and a warning that profit and revenue will almost certainly drop over the next two quarters.
The news from the world's largest software maker, which had not been expected to report results until after the close of trading on Thursday, sent shock waves across financial markets, pulling down the Nasdaq, and sending U.S. Treasury debt prices higher as investors sought safer assets.
Microsoft's shares dropped as much as 11 percent to their lowest level since January 1998, adding to a 40 percent decline in the past year.
The company blamed the miss on the weak PC market and the popularity of low-cost netbook computers, which have combined to badly undercut sales of its Windows operating system.
"Our financial position is solid ... but it is also clear that we are not immune to the effects of the economy," Chief Executive Steve Ballmer told employees in a letter. "Consumers and businesses have reined in spending, which is affecting PC shipments and IT expenditures."
The market has become so volatile, Microsoft cautioned, that it will not issue earnings or revenue forecasts for the rest of its fiscal year ending June 30, 2009 -- other than to predict both will very likely be lower.
"It is pretty bad when things are deteriorating so fast that even the largest companies in the world don't know how rapidly it is happening," said Jefferies analyst Katherine Egbert.
Microsoft posted a profit of $4.17 billion, or 47 cents per share, in its fiscal second quarter ended December 31, versus a profit of $4.71 billion, or 50 cents per share, a year earlier. Analysts were looking for earnings of 49 cents per share, according to Reuters Estimates.
Revenue rose 2 percent to $16.63 billion, missing the average analyst forecast of $17.1 billion.
Sales in the Windows segment fell 8 percent, while its Business division, responsible for the Office software package, marked a 1 percent increase. Revenue at the unit that makes the popular 360 Xbox gaming system rose 3 percent.
Looking ahead, the Windows business is expected to perform in line with the weak traditional PC market, Microsoft said.
BIGGEST JOB CUTS EVER
Microsoft's staggered elimination of 5,000 jobs -- 1,400 immediately and the rest over 18 months -- amounts to about 5 percent of its estimated 96,000 work force, the biggest reduction ever by the software maker. Other cost cuts include travel and marketing budgets, and the roster of independent contractors.
"Clearly business conditions are worse than people were expecting," said Richard Williams, analyst at Cross Research. "This is a substantial amount of jobs cuts. Microsoft has never had a layoff like this in my knowledge and it's sending a signal that the times are definitely changing."
The job cuts follow similar moves by other technology firms, including AT&T Inc, Dell Inc, Motorola Inc and Advanced Micro Devices Inc, all of which are suffering from the global economic slowdown.
Microsoft faces a shift by PC buyers to netbooks, which are smaller, stripped-down laptops. Microsoft only gets $60 or less for each sale of Windows for a netbook, compared to $90 for traditional laptops, according to Enderle Group analyst Rob Enderle. Some netbooks also use the rival open-source Linux software instead of Windows.
On a conference call, Ballmer said Microsoft also lost market share to Apple Inc, which on Wednesday posted surprisingly strong results. Ballmer, whose public histrionics often overshadow a sharp intellect and gift for numbers, was serious in tone.
"We are certainly in the midst of a once-in-a-lifetime set of economic conditions," Ballmer said, adding that the company is "dealing with unprecedented ground."
As for the economy, Ballmer said he did not expect a quick rebound.
Still, Ballmer noted that Microsoft will be adding "thousands of jobs" in strategic areas like Internet search, where it has been lagging behind Google Inc, and that he still desires a search partnership with Yahoo Inc.
Ballmer said the result of the job cuts and additions would be an overall staff reduction of 2,000 to 3,000 positions.
But Chief Financial Officer Chris Liddell said he does not expect significant acquisitions this year, despite hopes from some Yahoo shareholders for a buyout.
Shares of Microsoft were down $2.13 at $17.25, after touching an intraday low of $17.17, the weakest level since January 1998. It was the biggest single-day drop in the stock since an 11.38 percent fall on April 28, 2006.
(Additional reporting by Jim Finkle in Boston, and Robert MacMillan and Sinead Carew in New York; Writing by Tiffany Wu and Paul Thomasch; Editing by Derek Caney, Richard Chang)
source:-http://www.reuters.com/article/ousiv/idUSTRE50L2XB20090122?pageNumber=1&virtualBrandChannel=0
Sunday, January 25, 2009
100 keyboard shortcuts
CTRL+C (Copy)
CTRL+X (Cut)
CTRL+V (Paste)
CTRL+Z (Undo)
DELETE (Delete)
SHIFT+DELETE (Delete the selected item permanently without placing
the item in the Recycle Bin)
CTRL while dragging an item (Copy the selected item)
CTRL+SHIFT while dragging an item (Create a shortcut to the selected
item)
F2 key (Rename the selected item)
CTRL+RIGHT ARROW (Move the insertion point to the beginning of the
next word)
CTRL+LEFT ARROW (Move the insertion point to the beginning of the
previous word)
CTRL+DOWN ARROW (Move the insertion point to the beginning of the
next paragraph)
CTRL+UP ARROW (Move the insertion point to the beginning of the
previous paragraph)
CTRL+SHIFT with any of the arrow keys (Highlight a block of text)
SHIFT with any of the arrow keys (Select more than one item in a
window or on the desktop, or select text in a document)
CTRL+A (Select all)
F3 key (Search for a file or a folder)
ALT+ENTER (View the properties for the selected item)
ALT+F4 (Close the active item, or quit the active program)
ALT+ENTER (Display the properties of the selected object)
ALT+SPACEBAR (Open the shortcut menu for the active window)
CTRL+F4 (Close the active document in programs that enable you to
have multiple documents open simultaneously)
ALT+TAB (Switch between the open items)
ALT+ESC (Cycle through items in the order that they had been opened)
F6 key (Cycle through the screen elements in a window or on the
desktop)
F4 key (Display the Address bar list in My Computer or Windows
Explorer)
SHIFT+F10 (Display the shortcut menu for the selected item)
ALT+SPACEBAR (Display the System menu for the active window)
CTRL+ESC (Display the Start menu)
ALT+Underlined letter in a menu name (Display the corresponding
menu)
Underlined letter in a command name on an open menu (Perform the
corresponding command)
F10 key (Activate the menu bar in the active program)
RIGHT ARROW (Open the next menu to the right, or open a submenu)
LEFT ARROW (Open the next menu to the left, or close a submenu)
F5 key (Update the active window)
BACKSPACE (View the folder one level up in My Computer or Windows
Explorer)
ESC (Cancel the current task)
SHIFT when you insert a CD-ROM into the CD-ROM drive (Prevent the CD-ROM from automatically playing)
Dialog Box Keyboard Shortcuts
CTRL+TAB (Move forward through the tabs)
CTRL+SHIFT+TAB (Move backward through the tabs)
TAB (Move forward through the options)
SHIFT+TAB (Move backward through the options)
ALT+Underlined letter (Perform the corresponding command or select
the corresponding option)
ENTER (Perform the command for the active option or button)
SPACEBAR (Select or clear the check box if the active option is a
check box)
Arrow keys (Select a button if the active option is a group of
option buttons)
F1 key (Display Help)
F4 key (Display the items in the active list)
BACKSPACE (Open a folder one level up if a folder is selected in the
Save As or Open dialog box)
m*cro$oft Natural Keyboard Shortcuts
Windows Logo (Display or hide the Start menu)
Windows Logo+BREAK (Display the System Properties dialog box)
Windows Logo+D (Display the desktop)
Windows Logo+M (Minimize all of the windows)
Windows Logo+SHIFT+M (Restore the minimized windows)
Windows Logo+E (Open My Computer)
Windows Logo+F (Search for a file or a folder)
CTRL+Windows Logo+F (Search for computers)
Windows Logo+F1 (Display Windows Help)
Windows Logo+ L (Lock the keyboard)
Windows Logo+R (Open the Run dialog box)
Windows Logo+U (Open Utility Manager)
Accessibility Keyboard Shortcuts
Right SHIFT for eight seconds (Switch FilterKeys either on or off)
Left ALT+left SHIFT+PRINT SCREEN (Switch High Contrast either on or
off)
Left ALT+left SHIFT+NUM LOCK (Switch the MouseKeys either on or off)
SHIFT five times (Switch the StickyKeys either on or off)
NUM LOCK for five seconds (Switch the ToggleKeys either on or off)
Windows Logo +U (Open Utility Manager)
Windows Explorer Keyboard Shortcuts
END (Display the bottom of the active window)
HOME (Display the top of the active window)
NUM LOCK+Asterisk sign (*) (Display all of the subfolders that are
under the selected folder)
NUM LOCK+Plus sign (+) (Display the contents of the selected folder)
NUM LOCK+Minus sign (-) (Collapse the selected folder)
LEFT ARROW (Collapse the current selection if it is expanded, or
select the parent folder)
RIGHT ARROW (Display the current selection if it is collapsed, or
select the first subfolder)
Shortcut Keys for Character Map
After you double-click a character on the grid of characters, you
can move through the grid by using the keyboard shortcuts:
RIGHT ARROW (Move to the right or to the beginning of the next line)
LEFT ARROW (Move to the left or to the end of the previous line)
UP ARROW (Move up one row)
DOWN ARROW (Move down one row)
PAGE UP (Move up one screen at a time)
PAGE DOWN (Move down one screen at a time)
HOME (Move to the beginning of the line)
END (Move to the end of the line)
CTRL+HOME (Move to the first character)
CTRL+END (Move to the last character)
SPACEBAR (Switch between Enlarged and Normal mode when a character
is selected)
m*cro$oft Management Console (MMC) Main Window Keyboard Shortcuts
CTRL+O (Open a saved console)
CTRL+N (Open a new console)
CTRL+S (Save the open console)
CTRL+M (Add or remove a console item)
CTRL+W (Open a new window)
F5 key (Update the content of all console windows)
ALT+SPACEBAR (Display the MMC window menu)
ALT+F4 (Close the console)
ALT+A (Display the Action menu)
ALT+V (Display the View menu)
ALT+F (Display the File menu)
ALT+O (Display the Favorites menu)
MMC Console Window Keyboard Shortcuts
CTRL+P (Print the current page or active pane)
ALT+Minus sign (-) (Display the window menu for the active console
window)
SHIFT+F10 (Display the Action shortcut menu for the selected item)
F1 key (Open the Help topic, if any, for the selected item)
F5 key (Update the content of all console windows)
CTRL+F10 (Maximize the active console window)
CTRL+F5 (Restore the active console window)
ALT+ENTER (Display the Properties dialog box, if any, for the
selected item)
F2 key (Rename the selected item)
CTRL+F4 (Close the active console window. When a console has only
one console window, this shortcut closes the console)
Remote Desktop Connection Navigation
CTRL+ALT+END (Open the m*cro$oft Windows NT Security dialog box)
ALT+PAGE UP (Switch between programs from left to right)
ALT+PAGE DOWN (Switch between programs from right to left)
ALT+INSERT (Cycle through the programs in most recently used order)
ALT+HOME (Display the Start menu)
CTRL+ALT+BREAK (Switch the client computer between a window and a
full screen)
ALT+DELETE (Display the Windows menu)
CTRL+ALT+Minus sign (-) (Place a snapshot of the active window in
the client on the Terminal server clipboard and provide the same
functionality as pressing PRINT SCREEN on a local computer.)
CTRL+ALT+Plus sign (+) (Place a snapshot of the entire client window
area on the Terminal server clipboard and provide the same
functionality as pressing ALT+PRINT SCREEN on a local computer.)
m*cro$oft Internet Explorer Navigation
CTRL+B (Open the Organize Favorites dialog box)
CTRL+E (Open the Search bar)
CTRL+F (Start the Find utility)
CTRL+H (Open the History bar)
CTRL+I (Open the Favorites bar)
CTRL+L (Open the Open dialog box)
CTRL+N (Start another instance of the browser with the same Web
address)
CTRL+O (Open the Open dialog box, the same as CTRL+L)
CTRL+P (Open the Print dialog box)
CTRL+R (Update the current Web page)
CTRL+W (Close the current window)
CTRL+X (Cut)
CTRL+V (Paste)
CTRL+Z (Undo)
DELETE (Delete)
SHIFT+DELETE (Delete the selected item permanently without placing
the item in the Recycle Bin)
CTRL while dragging an item (Copy the selected item)
CTRL+SHIFT while dragging an item (Create a shortcut to the selected
item)
F2 key (Rename the selected item)
CTRL+RIGHT ARROW (Move the insertion point to the beginning of the
next word)
CTRL+LEFT ARROW (Move the insertion point to the beginning of the
previous word)
CTRL+DOWN ARROW (Move the insertion point to the beginning of the
next paragraph)
CTRL+UP ARROW (Move the insertion point to the beginning of the
previous paragraph)
CTRL+SHIFT with any of the arrow keys (Highlight a block of text)
SHIFT with any of the arrow keys (Select more than one item in a
window or on the desktop, or select text in a document)
CTRL+A (Select all)
F3 key (Search for a file or a folder)
ALT+ENTER (View the properties for the selected item)
ALT+F4 (Close the active item, or quit the active program)
ALT+ENTER (Display the properties of the selected object)
ALT+SPACEBAR (Open the shortcut menu for the active window)
CTRL+F4 (Close the active document in programs that enable you to
have multiple documents open simultaneously)
ALT+TAB (Switch between the open items)
ALT+ESC (Cycle through items in the order that they had been opened)
F6 key (Cycle through the screen elements in a window or on the
desktop)
F4 key (Display the Address bar list in My Computer or Windows
Explorer)
SHIFT+F10 (Display the shortcut menu for the selected item)
ALT+SPACEBAR (Display the System menu for the active window)
CTRL+ESC (Display the Start menu)
ALT+Underlined letter in a menu name (Display the corresponding
menu)
Underlined letter in a command name on an open menu (Perform the
corresponding command)
F10 key (Activate the menu bar in the active program)
RIGHT ARROW (Open the next menu to the right, or open a submenu)
LEFT ARROW (Open the next menu to the left, or close a submenu)
F5 key (Update the active window)
BACKSPACE (View the folder one level up in My Computer or Windows
Explorer)
ESC (Cancel the current task)
SHIFT when you insert a CD-ROM into the CD-ROM drive (Prevent the CD-ROM from automatically playing)
Dialog Box Keyboard Shortcuts
CTRL+TAB (Move forward through the tabs)
CTRL+SHIFT+TAB (Move backward through the tabs)
TAB (Move forward through the options)
SHIFT+TAB (Move backward through the options)
ALT+Underlined letter (Perform the corresponding command or select
the corresponding option)
ENTER (Perform the command for the active option or button)
SPACEBAR (Select or clear the check box if the active option is a
check box)
Arrow keys (Select a button if the active option is a group of
option buttons)
F1 key (Display Help)
F4 key (Display the items in the active list)
BACKSPACE (Open a folder one level up if a folder is selected in the
Save As or Open dialog box)
m*cro$oft Natural Keyboard Shortcuts
Windows Logo (Display or hide the Start menu)
Windows Logo+BREAK (Display the System Properties dialog box)
Windows Logo+D (Display the desktop)
Windows Logo+M (Minimize all of the windows)
Windows Logo+SHIFT+M (Restore the minimized windows)
Windows Logo+E (Open My Computer)
Windows Logo+F (Search for a file or a folder)
CTRL+Windows Logo+F (Search for computers)
Windows Logo+F1 (Display Windows Help)
Windows Logo+ L (Lock the keyboard)
Windows Logo+R (Open the Run dialog box)
Windows Logo+U (Open Utility Manager)
Accessibility Keyboard Shortcuts
Right SHIFT for eight seconds (Switch FilterKeys either on or off)
Left ALT+left SHIFT+PRINT SCREEN (Switch High Contrast either on or
off)
Left ALT+left SHIFT+NUM LOCK (Switch the MouseKeys either on or off)
SHIFT five times (Switch the StickyKeys either on or off)
NUM LOCK for five seconds (Switch the ToggleKeys either on or off)
Windows Logo +U (Open Utility Manager)
Windows Explorer Keyboard Shortcuts
END (Display the bottom of the active window)
HOME (Display the top of the active window)
NUM LOCK+Asterisk sign (*) (Display all of the subfolders that are
under the selected folder)
NUM LOCK+Plus sign (+) (Display the contents of the selected folder)
NUM LOCK+Minus sign (-) (Collapse the selected folder)
LEFT ARROW (Collapse the current selection if it is expanded, or
select the parent folder)
RIGHT ARROW (Display the current selection if it is collapsed, or
select the first subfolder)
Shortcut Keys for Character Map
After you double-click a character on the grid of characters, you
can move through the grid by using the keyboard shortcuts:
RIGHT ARROW (Move to the right or to the beginning of the next line)
LEFT ARROW (Move to the left or to the end of the previous line)
UP ARROW (Move up one row)
DOWN ARROW (Move down one row)
PAGE UP (Move up one screen at a time)
PAGE DOWN (Move down one screen at a time)
HOME (Move to the beginning of the line)
END (Move to the end of the line)
CTRL+HOME (Move to the first character)
CTRL+END (Move to the last character)
SPACEBAR (Switch between Enlarged and Normal mode when a character
is selected)
m*cro$oft Management Console (MMC) Main Window Keyboard Shortcuts
CTRL+O (Open a saved console)
CTRL+N (Open a new console)
CTRL+S (Save the open console)
CTRL+M (Add or remove a console item)
CTRL+W (Open a new window)
F5 key (Update the content of all console windows)
ALT+SPACEBAR (Display the MMC window menu)
ALT+F4 (Close the console)
ALT+A (Display the Action menu)
ALT+V (Display the View menu)
ALT+F (Display the File menu)
ALT+O (Display the Favorites menu)
MMC Console Window Keyboard Shortcuts
CTRL+P (Print the current page or active pane)
ALT+Minus sign (-) (Display the window menu for the active console
window)
SHIFT+F10 (Display the Action shortcut menu for the selected item)
F1 key (Open the Help topic, if any, for the selected item)
F5 key (Update the content of all console windows)
CTRL+F10 (Maximize the active console window)
CTRL+F5 (Restore the active console window)
ALT+ENTER (Display the Properties dialog box, if any, for the
selected item)
F2 key (Rename the selected item)
CTRL+F4 (Close the active console window. When a console has only
one console window, this shortcut closes the console)
Remote Desktop Connection Navigation
CTRL+ALT+END (Open the m*cro$oft Windows NT Security dialog box)
ALT+PAGE UP (Switch between programs from left to right)
ALT+PAGE DOWN (Switch between programs from right to left)
ALT+INSERT (Cycle through the programs in most recently used order)
ALT+HOME (Display the Start menu)
CTRL+ALT+BREAK (Switch the client computer between a window and a
full screen)
ALT+DELETE (Display the Windows menu)
CTRL+ALT+Minus sign (-) (Place a snapshot of the active window in
the client on the Terminal server clipboard and provide the same
functionality as pressing PRINT SCREEN on a local computer.)
CTRL+ALT+Plus sign (+) (Place a snapshot of the entire client window
area on the Terminal server clipboard and provide the same
functionality as pressing ALT+PRINT SCREEN on a local computer.)
m*cro$oft Internet Explorer Navigation
CTRL+B (Open the Organize Favorites dialog box)
CTRL+E (Open the Search bar)
CTRL+F (Start the Find utility)
CTRL+H (Open the History bar)
CTRL+I (Open the Favorites bar)
CTRL+L (Open the Open dialog box)
CTRL+N (Start another instance of the browser with the same Web
address)
CTRL+O (Open the Open dialog box, the same as CTRL+L)
CTRL+P (Open the Print dialog box)
CTRL+R (Update the current Web page)
CTRL+W (Close the current window)
Wednesday, January 7, 2009
Lenovo to cut 2,500 jobs, restructure
Story Highlights
Chairman of the board cites last quarter's below-expectations performance
Job cuts to include management and executive positions
Company is ranked as the world's No. 4 PC maker
Lenovo anticipates taking pre-tax restructuring charge of approximately $150 million
For More Details Visit:-
http://edition.cnn.com/2009/BUSINESS/01/07/lenovo/index.html?iref=nextin
Chairman of the board cites last quarter's below-expectations performance
Job cuts to include management and executive positions
Company is ranked as the world's No. 4 PC maker
Lenovo anticipates taking pre-tax restructuring charge of approximately $150 million
For More Details Visit:-
http://edition.cnn.com/2009/BUSINESS/01/07/lenovo/index.html?iref=nextin
Fraud revelations hit Indian computer company
Story Highlights
News sent stocks of Hyderabad-based Satyam Computer Services plunging
Satyam employs 53,000 people and operates in 65 countries
Chairman B. Ramalinga Raju said balance-sheet padding began years ago
Raju said no board member was aware of what he was doing
For More Details Visit:- http://edition.cnn.com/2009/BUSINESS/01/07/india.satyam.stock/index.html
News sent stocks of Hyderabad-based Satyam Computer Services plunging
Satyam employs 53,000 people and operates in 65 countries
Chairman B. Ramalinga Raju said balance-sheet padding began years ago
Raju said no board member was aware of what he was doing
For More Details Visit:- http://edition.cnn.com/2009/BUSINESS/01/07/india.satyam.stock/index.html
Thursday, January 1, 2009
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