Last month, Microsoft cautioned that sales and profits in the second half of the year would fall short in comparison with the same period in fiscal 2008. In a meeting with analysts Tuesday, Chief Financial Officer Chris Liddell said the company expects "conditions to remain difficult" through the end of the fiscal and calendar year.
Chief Executive Steve Ballmer said Microsoft even looked at the worst financial meltdowns in U.S. history - 1820, 1873, 1929 and the present period - and noted that none of those panics resulted in quick recoveries.
"I think the economy will be relatively weak for a relatively long time," he said.
In light of poor economic conditions, Ballmer said Microsoft would carefully manage its cash and he was noncommittal on potential dividend increases or stock buybacks. Executives also indicated they would be less likely to make acquisitions, although they did not rule out any deals.
New report from Skillsearch found that 22% of those surveyed had been laid off within the past 12 months.
It's a step forward for Stop Killing Games.
The Callisto Protocol director thinks the solution involves the right people, the right timing, and perhaps a little bit of AI
I don't agree with that. I WISH I could agree with that. But buying habits and customer opinions prove otherwise
We've seen developers in the AAA space try new things and ideas. More often than not, the customers aren't willing to give things a chance, or not enough people buy into the project for it to grow.
Creativity works better in the indie space because the budgets, pressures, and expectations aren't the same.
it's a nice idea and it worked during the PS2/PS3-era when AAA didn't cost hundreds of millions of dollars. smaller budgets and shorter development time left room for more creativity and more risk. a game didn't need to sell 4 million+ copies to break even. things are different now.
This is the guy who bragged about crunching his staff and having them work through the night. Crunch culture has lost more talent and done more damage to the industry than any other factor. Screw him.
would do they expect?