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Oracle, Microsoft Are Cut as Currency Soars, PC Sales Weaken

2015-03-18 17:23:04| Semiconductors - Topix.net

Stronger currency and weaker PC sales caused cuts to Oracle, Microsoft and Micron Technology, all in Wednesday's Analysts' Actions. Oracle's price target was cut to $48 at Barclays, though an OVERWEIGHT rating was maintained.

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Microsoft will cut 18,000 jobs, 15% of its global workforce

2014-07-17 15:30:24| Extremetech

Microsoft has announced that it will fire around 18,000 employees over the next year, or almost 15% of its global workforce of 127,000. The bulk of the layoffs -- 12,500 -- will be former Nokia employees who are no longer needed after the acquisition. The mass job-cut is occurring for two key reasons: There is a lot of 'synergy and strategic alignment' to be made following Microsoft's acquisition of Nokia -- and, of course, tons of space must be made so that Nadella can successfully reorient the company towards his Mobile And Cloud vision.

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Microsoft confirms plan to cut 18,000 jobs

2014-07-17 14:53:00| Telecompaper Headlines

(Telecompaper) Microsoft has confirmed plans to cut 18,000 jobs over the next year, mainly at the mobile phone activities acquired from Nokia. Of the total, about 12,500 professional and factory positions will be eliminated through synergies and strategic alignment of the Nokia Devices and Services business, Microsoft said. When Microsoft completed the takeover of the Nokia business in April, it acquired around 25,000 additional employees. Microsoft expects to complete most of the cuts by the end of this year and all the restructuring by mid-2015. The plan will result in USD 1.1-1.6 billion in pretax charges over the next four quarters, including USD 750-800 million for severance and related benefits and USD 350-800 million in asset writedowns. The plans were outlined in an email from Microsoft CEO Satya Nadella to Microsoft employees and an email from former Nokia CEO and Microsoft Executive VP Stephen Elop to Microsoft Devices Group employees.

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Microsoft says new hybrid storage options can cut costs up to 60 percent

2014-07-10 16:56:09| InfoWorld: Top News

Microsoft is coming out with new hardware and cloud management features for its StorSimple hybrid storage offering that promises lower costs and better data protection. The new products, available Aug. 1, include two models of the new StorSimple 8000 storage array that are tied into a management platform and a virtual storage appliance, both deployed within Microsoft's Azure cloud. The package is called Microsoft Azure StorSimple.

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