Ballmer says billions of-dollar gamble is essential to not cut investment

Tom Technology news US Eastern Time May 1 (Beijing time May 2) According to foreign reports, although Wall Street is dissatisfied with Microsoft's significant increase in investment in the Internet and other emerging markets, and led to the company's market value in 51 last week, the loss of $32 billion trillion, but Microsoft CEO Steve Ballmer, and told the company's employees, "there is no time to plan again." Ballmer sent a memo to Microsoft staff later in Friday that increased investment in the Internet and other emerging markets was to ensure the company's future. "We have made remarkable achievements throughout the history of Microsoft," he said in a memo. I believe there is no time to re-examine our investments and plans. At present, we are faced with better opportunities than ever before, and we are faced with new competitors, more rapid growth of the market and new customer demand. In Thursday, Microsoft announced a significant increase in investment in the Internet and other emerging markets. Microsoft hopes to increase investment in the internet market with Google, Yahoo, while in the video game machine market from Sony to grab more share. The news, Microsoft's share price fell to a 52-week low in Friday, and its market value shrank by more than 32 billion dollars. It was in this sense that Mr. Ballmer was forced to explain to all his staff on the same day. Mr. Ballmer said the increase in investment plans was a shock to Wall Street, "a change that is fully reflected in our company's share price." Analysts believe that Microsoft's strategy may be effective in the long run, but will have a negative impact on Microsoft's performance in the short term. In Friday, Microsoft's shares fell 3.1 U.S. dollars, at 24.15 U.S. dollars, a decline of 11.38%. Mr Ballmer said that Microsoft needed to invest heavily in emerging markets, even though it would take time. He also stressed that Microsoft would begin to reap the benefits of TV set-top box software. Earlier, Microsoft's huge investment in the field has also been strongly opposed by market investors. ' All of Microsoft's investments are long-term investments and we can't see any results overnight, ' Mr. Ballmer said.