Advertising

The Seattle Times Company

NWjobs | NWautos | NWhomes | NWsource | Free Classifieds | seattletimes.com

Business / Technology


Our network sites seattletimes.com | Advanced

Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times reporter Sharon Chan.

E-mail Sharon| RSS feeds Subscribe | Blog Home| Brier Dudley's Blog

August 6, 2008 9:29 AM

'Significant' data and storage announcement; buyback talk; Yahoo recount

Posted by Benjamin J. Romano

Microsoft veep Ted Kummert will make a "significant" announcement relating to the company's Data Platform and Storage Division at 10 a.m., a spokesman said. We'll be covering the teleconference. (Update, 10:02 a.m.: The "significant" news is that Microsoft has released SQL Server 2008, its database and business intelligence server software.)

Meanwhile, Bloomberg is quoting top-rated software analyst Heather Bellini, who thinks Microsoft will rev up its share buyback engine in the coming months.

Bellini of UBS tells Bloomberg that now is a good time to buy Microsoft stock, trading at its lowest-ever price-earnings ratio, because she expects the company to execute a $20 billion share repurchase over the next three months.

In the last five fiscal years, Microsoft has repurchased more than $70 billion of its shares.

It slowed the pace of repurchases in the 2008 fiscal year in part to keep more cash on hand for its planned acquisition of Yahoo. The deal fell apart over the course of this year. Yahoo's shareholders last week expressed their displeasure with the company's board of directors in part for their perceived mishandling of the deal.

Yesterday, Yahoo confirmed that vote tallies from the shareholder meeting were wrong. As it turns out, many more votes were withheld -- investors' only means of expressing their discontent with Yahoo's board, since none of the directors were opposed.

Nearly 40 percent of votes for Chairman Roy Bostock were withheld, compared with 20 percent as reported erroneously last week. More than 33 percent of votes for CEO and co-founder Jerry Yang were withheld, compared with 14.6 percent according to the earlier count.

Digg Digg | Newsvine Newsvine

Submit a comment

*Required Field



Type the characters you see in the picture above.

Recent entries

Aug 6, 08 - 01:06 PM
Some can't get access to live Olympic video, replays on NBCOlympics.com

Aug 6, 08 - 09:29 AM
'Significant' data and storage announcement; buyback talk; Yahoo recount

Aug 5, 08 - 09:40 AM
Microsoft rolling out new tools for computer security pros

Aug 4, 08 - 10:43 AM
Windows Live marketing site gets new look, user-generated content

Aug 1, 08 - 02:09 PM
Yahoo directors re-elected, but shareholders show displeasure

Advertising

Marketplace

4 automakers invest in plants; Honda upgrades Fit bumpernew
Toyota plans to expand production of its Highlander SUV. (Toyota) 4 automakers reveal big plant changes A variety of automakers announced major moves ...
Post a comment

Advertising

Advertising

Categories
Calendar

August

Sun Mon Tue Wed Thu Fri Sat
          1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31            
Browse the archives

August 2008

July 2008

June 2008

May 2008

April 2008

March 2008

Bill Gates: His Legacy, His Future

Bill Gates

Bill Gates, who last week ended his full-time involvement with Microsoft, was often right. He made a career, a company and an industry by looking over the horizon.

From the tech blogosphere

More on Microsoft from the Seattle Times

Advertising

Buy a link here