Microsoft will not spin off Xbox

Microsoft CEO Satya Nadella told the inaugural code conference that despite pressure from some shareholders there was no way he was going to spin off his Xbox business. In fact Nadella said he was pretty pleased with the way the Xbox business was going and had no plans to do anything different. He notes that prior to Nokia, Xbox is where all of Microsoft’s hardware know-how came from.

“It is the thing that is really going to power all the experiences on all the devices today and tomorrow,” Nadella said. “In order to be in the hunt for those experiences, and get it right, you do need to from time to time build devices, so you don’t leave anything to chance.”

Rumours that Redmond was planning to spin off the Xbox business were common currency late last year. Cofounder Paul Allen's investment group Vulcan Capital was the source of some of the rumours which stated that the next Microsoft CEO would be smart to consider spinning off the company's consumer business, which includes search advertising and the Xbox brand.

Vulcan Capital chief investment officer Paul Ghaffari went on record as saying that the "overwhelming majority" of Microsoft's revenue is generated by selling software and services to business customers and Redmond should stay focused.

"The search business and even Xbox, which has been a very successful product, are detracting from that. We would want them to focus on their best competencies," Ghaffari said. "My view is there are some parts of that operation they should probably spin out, get rid of, to focus on the enterprise and focus on the cloud."

Source:

www.fudzilla.com

Posted by Editorial Team on 2:48 AM in investment group, Microsoft CEO, Microsoft’s hardware, Nadella, Nokia, not spin off Xbox, shareholders, Xbox, Xbox brand, Xbox business

Apple Will Now Recycle Any Product You Give Back—and Give You Credit for It

pple Stores will now accept any of the company's products for recycling at no charge, and may even give you a store credit to be used against a new model if the items you are trading in look in resealable condition

Starting today, Apple Stores will begin accepting any of the company’s products for recycling at no charge. Even better, if the items look resealable, you might even get a store credit, a.k.a. an Apple gift card. CEO Tim Cook last month told shareholders the company wants to “leave the world better than we found it,” and this initiative is part of that. Lisa Jackson, Apple’s vice president of environmental initiatives (and a former EPA administrator) told the AP Apple aims to “use all our innovation and all of our expertise to make the planet more secure and make the environment better.” The move caps off an evolution from a few years ago when the company was criticized by some groups as contributing to electronic waste. Since then, Apple has unveiled a number of initiatives aimed at cutting its environmental impact.

Source:

time.com

Posted by Editorial Team on 4:06 AM in administrator, AP Apple, Apple Stores, Apple Will, contributing, criticized, environmental, initiatives, resealable, shareholders

Tim Cook tells off shareholders unsupportive of Apple's environmental initiatives

Apple's CEO Tim Cook held his ground against shareholders, who were reportedly apprehensive about the company turning into an environmentally friendly corporation, during the annual shareholders meeting.

The company is planning to have its facilities completely powered by renewable energy.

Expressing concerns over affiliations that may primarily advance social or environmental causes rather than promoting shareholder value, a proposal was put forth by the National Center for Public Policy Research, an Apple shareholder, asking Apple to be more transparent about its dealings with organizations focused on sustainability, the Verge reported.

However, the company's shareholders outright rejected the proposal.

Meanwhile, in response, the company's CEO Tim Cook said that if one wanted him to do things only for reasons, then the person should get out of this stock.

News Source: www.business-standard.com

Posted by Editorial Team on 12:23 AM in Apple's, CEO, company, dealings, environmental, facilities, organizations, shareholders, social, stock, Tim Cook