Linked by Thom Holwerda on Thu 22nd Jan 2009 15:37 UTC
Microsoft After much, much, much speculation, Microsoft let the cat out of the bag today: due to weak results, Microsoft is going to cut 5000 jobs. Those 5000 jobs will disappear over the course of 18 months, with 1400 jobs being cut immediately. Quarterly results, as well as the cost-cutting measures, were made known in a press release today.
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Oh, buy!
by eantoranz on Thu 22nd Jan 2009 16:12 UTC
eantoranz
Member since:
2005-12-18

Well.... let's see how well it was for the FLOSS companies like RH and such. When are their reports coming out?

Reply Score: 1

RE: Oh, buy!
by rockwell on Thu 22nd Jan 2009 16:17 in reply to "Oh, buy!"
rockwell Member since:
2005-09-13

Come, now ... how could any company that sells Linux services or support ever be affected by a poor economy? Especially in 2009, which will, without a doubt, be the "Year of the Linux Desktop." Bet on it!

Reply Parent Score: 7

RE[2]: Oh, buy!
by ssa2204 on Thu 22nd Jan 2009 16:54 in reply to "RE: Oh, buy!"
ssa2204 Member since:
2006-04-22

Come, now ... how could any company that sells Linux services or support ever be affected by a poor economy? Especially in 2009, which will, without a doubt, be the "Year of the Linux Desktop." Bet on it!


Easily, when companies decide to cut costs by cutting services. Keep in mind that purchase of services is much different expense than purchase of a product (i.e. a desktop that has an OEM license with it). Often service and support contracts are not included in the asset table, but rather as a continuing cost. Companies such as RH and Novell may have to adjust to new strategies should the economy continue to sink.

Reply Parent Score: 3

RE[2]: Oh, buy!
by factotum218 on Thu 22nd Jan 2009 21:10 in reply to "RE: Oh, buy!"
factotum218 Member since:
2007-03-20

Especially in 2009, which will, without a doubt, be the "Year of the Linux Desktop." Bet on it!


Uhmm...what? I thought it was back in '99? Well wait no, I did go Mac for a couple years so...maybe it was '03?

Reply Parent Score: 2

RE: Oh, buy!
by Rahul on Thu 22nd Jan 2009 17:02 in reply to "Oh, buy!"
Rahul Member since:
2005-07-06

Red Hat announced it's quarterly results recently.

http://news.cnet.com/8301-13505_3-10128256-16.html

"To put this in perspective, last quarter Red Hat grew 29 percent over its first-quarter revenues, while in third-quarter 2007 it grew revenues year over year by 28 percent.

In other words, the third fiscal quarter of 2008 (which ended November 30) demonstrated another solid performance by Red Hat,"

Reply Parent Score: 10