Ballmer believes Microsoft can survive financial crisis

Despite the turmoil in the worldwide financial markets, Microsoft's CEO Steve Ballmer believes the company has what it takes to weather the storm.

Speaking at the Churchill Club last week, Ballmer was questioned on internet advertising and said "Thank goodness! We have a chance to grow" in a market that Microsoft does not dominate.

"As I travel and talk to people in the industry, I would say given the current circumstances, people still see a certain buoyancy in the market," he said.

When questioned on Live Search Ballmer believes Microsoft has improved the relevance of its results in an "amazing fashion."

"I think the opportunity is great," Ballmer said. "Frankly speaking, if anyone is going to provide real competition ... I think Microsoft might be unique in providing that competition."

Microsoft is due to unveil its long term strategy on cloud computing and its Windows Live services at its Professional Developers Conference in LA next month. The company will also unveil the next version of Windows, Windows 7. Neowin will be live at PDC covering every aspect.

Report a problem with article
Previous Story

Microsoft releases statement on US bailout

Next Story

Microsoft, Washington State Sue Scareware Vendors

13 Comments

Commenting is disabled on this article.

Well of course it would survive, it's a monopoly. I don't think my phone or cable company will be hurting either.

It is not a monopoly, nothing prevents you from using another OS. Neitehr is your phone company, probably the most besieged industry outside of banking right now with many alternatives around. Now your cable company, that might be true, especially if you live in a multi-unit dwelling like a condo or apartment.

The one thing this banking crisis has done is show just how ignorant of the financial system and market most people are.

Not a legal monopoly in the strict terms, but Microsoft certainly can exert undue influence in other markets due to its near-monopoly status.

Bob mentioned cable companies. You still have options. Don't use cable, and stick to the old RF antenna. Or switch to the dish, and deal with their very similar terms.

Not much of a choice for most people, is it? But you can still say that there are options.

The notion that Microsoft is a monopoly is not just false and beyond all logical reasoning it's very old. Get educated and try to keep up with everyone else.

Microsoft is a monopoly (sort of an oligopoly) when considering Windows, as monopolies need 25% or greater market share to become one. For example in the UK Tecos, Sainsburys and Asda are also all monopolies in the same industry.

(C_Guy said @ #2.3)
The notion that Microsoft is a monopoly is not just false and beyond all logical reasoning it's very old. Get educated and try to keep up with everyone else.
ME SORY. ME TRI TU REED BUUKS. BUT BRANE HURT.

It's still a bold statement. MS relies on the financial institutions for Windows licenses, if they aren't buying PCs then MS ain't selling licenses.

(creamhackered said @ #1.1)
It's still a bold statement. MS relies on the financial institutions for Windows licenses, if they aren't buying PCs then MS ain't selling licenses.

However slowly the market moves they still have to spend money to make money. Sure businesses wont be making AS much but I imagine Microsoft will still be making a tidy sum even if they only sell 50% of what they do now.