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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: levy who wrote (15903)	1/13/2000 5:35:00 PM
From: KLP	Respond to of 28311

Wonder how this will change the tech landscape: "Ballmer new Microsoft boss"....this press release by BBC, 4:40 GMT.... KLP Ballmer new Microsoft boss Bill Gates has announced that Steve Ballmer will take over as chief executive and president of Microsoft, the world's largest software company. Mr Gates said he would stay on as chairman of the company board and fully dedicate himself to work on Microsoft's strategy. Gates now 'chief software architect' Mr Gates said he was handing over to Mr Ballmer so that he could return "to what I love most - focusing on technologies for the future". Adding to the title of chairman, Mr Gates will be also known as Microsoft's "chief software architect." The changes are due to take effect after the release of Windows 2000, the new version of Microsoft's operating system software. Bill Gates, the world's richest man with an estimated fortune of $80bn , had already turned over much of the day-to-day operations to Mr Ballmer during the past year and a half. He served as chief executive of Microsoft since he co-founded it 25 years ago. However, the announcement does not necessarily mean that Mr Gates is giving up any power in the Seattle-based software giant. Addressing Microsoft's troubles The handover of power comes at a crucial moment for the company, as it faces the US government in a long and bitter antitrust trial over alleged anti-competitive behaviour. There have been suggestions that Microsoft might be broken up in several companies. Speaking after his appointment, Mr Ballmer immediately joined the fray saying it would be "reckless" and "irresponsible" to break up the company. Technological future Both Mr Gates and Mr Ballmer described the 1990s as the "software decade" and said they wanted to make sure that Microsoft could build on its successes. The firm's new "chief software architect" said the company was trying to find a management structure that would allow it to revolutionise the company's software products. He said that by "getting all our management team and resources grouped around the software strategy", the company could defend its position in the industry. Search BBC News Online