Steve Ballmer urges Congress to pass the $700 Billion Fat Cat Bailout, so that big dumb companies can keep paying big dumb money for software.
"We have a lot of business with the corporate sector as well as with the consumer sector and whatever happens economically will certainly effect itself on Microsoft," he told Reuters. "...when businesses have less money -- they can borrow less money, they can spend less money -- that can't be good. When consumers feel the economic pinch, house prices come down. That can't be good," Ballmer said.
... Investors may take Ballmer's remarks as an indication that Microsoft's revenues could be hurt by the continuing financial crisis, a trader said.
"I trust that before the end of the week we have some resolution, at least in the U.S. Congress, that will help to stabilize the situation. We need that. I hope we get that," he said.
Gee, here I was thinking M$ was losing it's ass because they don't have products worth buying. Ignore under performing M$ partners like Dell, HP, and CompUSA. Now we know that the predatory lending scandal is really to blame.
Whatever the reason, good riddance. Non free software is a failure, Mr. Ballmer. Vista puts all of the nasty bits on display, kind of like anti-trust cases shine a light on M$ business practices. Take your restricted software, fake standards, technical evangelism slog and shove them. Make sure the shareholders keep you from giving yourself that $20,000,000 bonus. No one you work with has earned more than a nice long stay in jail.
Earlier in the week, Microsoft had e-mailed members of the state's House delegation who voted against the first version of the bill Monday. The message, Smith told the Seattle Post-Intelligencer on Tuesday, read: "Microsoft strongly urges members of the U.S. House of Representatives to reconsider and to support legislation that will re-instill confidence and stability in the financial markets. This legislation is vitally important to the health and preservation of jobs in all sectors of the economy of Washington State and the nation, and we urge Congress to act swiftly."
While Washington state legislators voted down the measure, we see that corporate pressure won the day elsewhere. The overwhelming majority of people who phoned or wrote Congress about this were against it. The opposition was so great that it overloaded the email and phone systems.