Barney's Blog

Blog archive

Ballmer Upbeat

Remember some time around 2000 when Steve Ballmer said tech stocks were overpriced, and months later the tech bubble burst? Ballmer was right about those stocks, and nearly all of them, including his own, took a beating.

While I wasn't happy that Ballmer was right back then, I'll be pleased if he's right this time around. Last week, in three separate speeches, Mr. Ballmer argued that the tech sector had "buoyancy" and wouldn't collapse despite the Wall Street debacle. In fact, he has so much faith in his company that Microsoft is buying back $40 billion worth of MSFT shares.

Posted by Doug Barney on September 29, 2008


Featured

  • Nebula

    Ahead of AGI, Microsoft and OpenAI Redefine Their Partnership

    In a recapitalization announced Tuesday, OpenAI has launched a new public benefit corporation (PBC) called OpenAI Group, giving Microsoft a 27 percent ownership stake valued at approximately $135 billion.

  • Veeam Acquires Securiti AI To Unify Data Resilience and AI Security

    Veeam Software is making a strategic move into AI and data security by acquiring Securiti AI for $1.7 billion.

  • Microsoft Adds 'Mico' Virtual Assistant to Copilot in Major Fall Update

    In a significant feature update, Microsoft on Thursday said it is reshaping its Copilot AI platform with features that deepen user personalization and enable real-time group collaboration, among other perks.

  • Nutanix Partner Central Rolls Out To Boost Channel Engagement

    Nutanix on Wednesday launched a new platform, Partner Central, to give its channel partners a unified digital workspace for managing sales, tracking incentives and collaborating more effectively.

Most   Popular