This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Microsoft Major Restructuring Rumored

NEW YORK ( TheStreet) - Microsoft (MSFT - Get Report) CEO Steve Ballmer is reportedly ready to announce a company-wide restructuring - the first in several years.

The new plan is set to take effect on July 1st, and will focus on the company's devices and services. That means less overall reliance on Microsoft's legendary software offerings and more of a combination of hardware and software.

Bloomberg reports Ballmer will announce four new Microsoft divisions: Applications and Services, Enterprise, Hardware and Operating Systems.

Under that plan, Microsoft would combine currently separate Windows businesses- Windows 8 and the Windows Phone operating systems - into one new division. The new OS division might be led by Terry Myerson (now the Windows Phone boss) and Julie Larson-Green (head of Windows engineering).

Industry watchers believe the restructuring plan is making many of Microsoft's current senior executives wondering what will happen to their jobs. So far, Ballmer had kept his plans close to his vest. He is expected to gather his top advisers in the next few days to let those closest to him know what he has in mind for the next fiscal year.

Microsoft shares were falling 0.67% to $33.26 at 9:40 am New York.

This week, Microsoft is hosting its annual Build developers conference in San Francisco, where many expect the beloved Windows "Start" button, missing from Windows 8, is expected to make a welcomed reappearance in the Windows update.

The last time Ballmer made significant changes was in 2008, when he announced a restructuring of the Windows and online services businesses. The most recent restructuring was when Windows chief Steve Sinofsky was removed from his position in late 2012.

--Written by Gary Krakow in New York.

>To submit a news tip, send an email to:
Gary Krakow is TheStreet's senior technology correspondent.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
MSFT $49.87 0.00%
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs