NEWS - Saturday, July 27, 2002


Microsoft continues to go strong, 5k new jobs

If you still think Microsoft is losing a bunch of money and won't be ready for Xbox Live think again. Microsoft announced they are adding 5,000 new jobs. And just for the record, Xbox sales are on the rise. Here is a clip from a recent cnet article:
"Connors also predicted that the company's revenue will grow 11 percent to 13 percent during the 2003 fiscal year, with revenue growth in each product category. He predicted Microsoft will see 7 percent to 8 percent growth in its Windows business, 20 percent to 26 percent growth in the "home and entertainment" business, which includes Xbox; and about 75 percent to 90 percent increase in sales of its "business solutions," which includes Microsoft's customer relationship management software and bCentral Web site for small businesses."
Although the article doesn't talk much about the Xbox specifically, it is always good to know how the company behind the product is doing. With all the latest corporate scandals and bankruptcies of global conglomerates such as Enron, Worldcom and the investigation of AOL/Time Warner it is nice to know Microsoft is going in the opposite direction and actually hiring new workers, not laying them off. Plus, by increasing the research and development budget from $4.3 billion last year to $5.2 billion this year sends us all a message that Microsoft is looking ahead and trying to be a leader in the newest technology. If you are interested and want to read more on how Microsoft is doing just click on the link above.
Source: http://news.com.com

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