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Gates: Microsoft’s opportunity ‘stronger than it’s ever been’

Posting from Bellevue: Since leaving his day-to-day govt function at Microsoft, firm co-founder Invoice Gates has been identified to not say a phrase from the stage on the firm’s annual assembly of shareholders, and for some time at the moment it appeared like that was going to be the case — till a shareholder directed a query his approach, asking him the age-old query about how the corporate can enhance its share worth.

Gates began by replying, “I believe the important thing factor is the revenue stream that the corporate is ready to generate, somewhat than the alternatives about whether or not these income are paid out as a dividend or a buyback or retained.”

He went on to speak in regards to the significance of maintaining sufficient money to “take massive dangers even within the face of some financial uncertainty,” noting that dividends will cut back the share worth by an quantity equal to the money payout, and including that he’s at all times been an enormous believer in having a powerful stability sheet.

Then he talked in regards to the firm’s product pipeline.

“I actually assume the opportunity because the world’s greatest software program firm could be very sturdy — stronger at the moment than it’s ever been,” he stated. “Clearly we have now a whole lot of upside within the telephone and pill enterprise. We’ve bought a whole lot of good individuals engaged on these issues.”

(In case its not apparent, the phrase “a whole lot of upside” is a euphemism for “nowhere to go however up.”)

Persevering with his remarks, Gates stated, “Within the Workplace enterprise, we have now to maintain renewing our excellence and maintain stunning individuals with neat new issues which might be happening. Actually Steve and his full-time group are good about getting my enter on these issues, together with some particular tasks that I’m extra concerned in.”

For extra from the assembly, together with feedback by Microsoft CEO Steve Ballmer about Home windows 8 and different merchandise, see my earlier live notes.

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