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Technology Stocks : Microsoft: The Devices and Consumer Segment -- Ignore unavailable to you. Want to Upgrade?

To: Eric L who wrote (87)	4/24/2014 8:21:27 PM
From: zax	1 Recommendation Recommended By Eric L Respond to of 154

Microsoft’s Profit Dips Less Than Projected By NICK WINGFIELD APRIL 24, 2014 Satya Nadella, Microsoft's new chief, holding up a Nokia Lumia smartphone featuring the Windows mobile operating system. CreditRobert Galbraith/Reuters EATTLE — Microsoft again demonstrated its gift for weathering the turmoil in the personal computer industry, turning in solid financial results for a company in the process of playing catch-up in several important markets. But the attention of investors seems to be less on how much Microsoft has recently made and more on a series of bold bets to reshape the company. The latest of those bets is set to take a critical step forward on Friday when Microsoft completes its $7.2 billion acquisition of Nokia’s handset business. The deal is by far the riskiest in Microsoft’s 39-year history, turning hardware — formerly a side business at Microsoft — into a far more integral part of the company. Overnight, the acquisition will expand the company’s work force by nearly a third, as 30,000 Nokia employees will fall under Microsoft, creating logistical challenges on a level it has not faced before. Machine Learning: Windows Phone 8.1 Finally Catches Up to Its Rivals APRIL 23, 2014 Microsoft said its net income for the three months ending March 31 — the company’s fiscal third quarter — was $5.66 billion, or 68 cents a share, compared with net income of $6.06 billion, or 72 cents a share, in the same period a year earlier. Revenue dipped slightly to $20.4 billion from $20.49 billion. The declines were partly the result of a $1.66 billion lift from deferred revenue in the comparable quarter last year, which was related to promotional offers it extended to customers buying new versions of Windows, Office and other products. Without that money, Microsoft’s revenue grew 8 percent and its net income grew 5 percent. </snip> Read the rest here: nytimes.com

To: Eric L who wrote (87)	4/25/2014 4:39:23 PM
From: zax	2 Recommendations Recommended By Eric L Jurgis Bekepuris Respond to of 154

Last September Microsoft announced it would be purchasing Nokia's Devices and Services business. The terms have been worked out, the shareholders gave approval, and the regulatory issues were hurdled. As of today, it's official: Nokia's phone business is now Microsoft Mobile. The final price is around $7.5 billion, and 30,000 employees are transferring to Microsoft. "The purchase of the unprofitable division makes Microsoft the world’s second-largest maker of mobile phones with about 14 percent of the market, according to researcher IDC." Here's Nokia's official statement, and a rather more personal one from an employee. According to The Verge, " Nokia's Android handsets are the most intriguing part of the deal, as they shed some light on how Microsoft might approach the messy and complex nature of shipping devices that don't run the company's Windows software. The Nokia X introduces a new "forked" version of Android that’s akin to what Amazon does with its Kindle Fire line, but it also includes a Windows Phone-like UI and an Android store that's separate to Google Play. Microsoft has the chance to control another app store, but also a solid opportunity to push its own cloud-based services." One interesting note: Nokia's phone manufacturing plant in India is not part of the deal because of an ongoing tax dispute. Nokia will continue to operate it as a contract manufacturing unit for Microsoft. via SlashDot