Following its $425m acquisition of WebTV Networks Inc in April (CI No 3,135), Microsoft Corp will be writing off $300m for in process research and development this quarter as a result of the purchase. The software giant made the news known in its annual report to shareholders, and Microsoft chairman Bill Gates told shareholders in a letter that the company would spend some $2.6bn on research and development in the current year, compared to the $1.9bn it spent last year. The report also warned that operating margins for the year commencing July 1, are likely to be lower than those recorded in 1997.
This article is from the CBROnline archive: some formatting and images may not be present.
CBR Online legacy content.