http://www.bbc.co.uk/news/business-11571046Microsoft software head Ray Ozzie resigns
There would appear to be "something" happening at Microsoft with what is happening at the top.
Mr. Ozzie was a fan of 'cloud computing' & that was what he was working on...The concept of cloud computing is that the user has more or less 'dumb terminal' & all the programs, files & computations are done on huge remotely located computers via the web. The, theoretical, advantages for large companies in cloud computing are immense. No more selling software to users, they will 'rent it' when needed & just get the 'results' of their efforts on screen without needing to worry about the process. On the other side of the fence all manufacturers are pretty tied into how the world currently operates. While companies like Microsoft complain about piracy & fraud they do make a hell of a lot of money out of it as well...Business head Stephen Elop left in September to head up Nokia, while entertainment and devices head Robbie Bach is also planning to leave.
So there are doubt about where MS are going now & what the future holds for cloud computing...It made the Stock Exchange nervous & the shares have dropped a couple of % before they officially open.
That drop was dwarfed by Apple though.
Apple shares fall despite surprisingly strong profits
http://www.bbc.co.uk/news/business-11570631
The profits were 70% up on a year ago & much better than expected. However Apple shares have been having a good run they are 50% up since March this year - a great ride to have been on & so people are maybe taking their profit.
The flagship products are iPhone & iPad. The phone had great sales (despite some bad publicity) but the Pad sales have been disappointing. After an initial 'wow, Apple have done it again' the industry has been a little less flattering about what the iPad actually gives you for your money compared to alternative ideas. It appears that potential customers have taken a similar view..