Ballmer: Not the time to scale back
C|Net | at | by Mike
Despite Wall Street's negative reaction to Microsoft's plan to invest billions in its emerging businesses, CEO Steve Ballmer told employees that "now is not the time to scale back."
In a memo sent to all employees late Friday, Ballmer said that the investments are needed to ensure the company's future.
"Throughout our history, Microsoft has won by making big, bold bets," Ballmer said in the memo, which was seen by CNET News.com. "I believe that now is not the time to scale back the scope of our ambition or the scale of our investment. While our opportunities are greater than ever, we also face new competitors, faster-moving markets and new customer demands."