Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Reuter's is reporting today that Microsoft plans on hiring 3600 people in the next year. This is an increase of nearly 19%. The company hired 2529 in the fiscal year that ended in June, the results of which are to be reported today. Microsoft currently employs about 22,000 people around the world.

A few comments from Microsoft's COO, Robert Herbold, stand out. The company is actively recruiting overseas, including Ireland, India, and China. The reason is a shortage of qualified developers in the US. Herbold is quoted as having said, "The center of the universe for the software business is the West Coast, up through Seattle. We should be proud of that. We want it to remain that way. On the other hand, we have to be realistic. ... Finding enough
software developers in the United States is difficult, and we have to be looking outside the country. We already are.'

Microsoft's interactive media division was described by Herbold as being an experiment and "not yet a business." This includes MSN. The only think certain is that "uncertainty rules." Microsoft is waiting for 50% household penetration of internet services at which point profits could said. When will this "inflection point" be reached? Possibly in 2001.

TMF Nico
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement