Rick Sherlund News
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Microsoft Corp. named Amy Hood its first female chief financial officer, putting a 10-year veteran in charge of debt, finances and a growing cash pile at a software maker beset by plunging demand for personal computers.
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Microsoft Corp. tumbled the most in more than a year after Goldman Sachs Group Inc. said the software maker is struggling with slack personal-computer sales and its push into consumer devices has failed to gain traction.
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Microsoft Corp. has sold about 1.5 million Surface devices, people with knowledge of the company’s sales said, a slow start in its bid to crack the fast-growing tablet market to make up for slumping personal-computer demand.
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Microsoft Inc. should sell its Bing search business to Facebook Inc., a deal worth about $5 billion that would help both companies compete with Google Inc., said Rick Sherlund, an analyst at Nomura Equity Research.
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Oracle Corp. is introducing two computer systems based on chip designs acquired from Sun Microsystems as it aims to win market share from International Business Machines Corp. and reverse a slide in hardware sales.
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Microsoft Corp. pushed out Steven Sinofsky, president of the Windows operating system division, after clashes with executives, including Chief Executive Officer Steve Ballmer, people with knowledge of the move said.
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SAP AG unveiled the most significant overhaul to its mainstay enterprise software in two decades, in a move to cement its dominance in that market while springing an attack on Oracle Corp.’s database business.
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Oracle Corp. dropped the most in more than nine years, dragging down other software makers, after it reported quarterly sales and profit that missed analysts’ estimates in a sign companies are spending less on programs that help them manage operations.
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SAP AG unveiled the biggest overhaul to its mainstay enterprise software in two decades, in a move to cement its dominance in that market while springing an attack on Oracle Corp.’s database business.
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A push by Microsoft Corp. and Intel Corp. to combat Apple Inc.’s iPad in the $63.2 billion tablet market is getting off to a slow start.
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