|Microsoft CEO Sees Web Services as Top R&D Priority|
|Reuters News Wire (email@example.com)|
Thu, 4 May 2006 14:23:08 -0500
Microsoft Corp. plans to double spending on research and development|
at its MSN Internet unit as the company focuses on software services,
Chief Executive Steve Ballmer said on Thursday.
The world's largest software maker caught investors off guard last
Investors complained about the lack of clarity in Microsoft's plans to
Speaking at an event to promote its online advertising efforts,
"These are certainly early days in this Internet world. I believe only
Microsoft said it planned to spend $1.1 billion for research and
The company also plans to increase capital expenditure to $500 million
"We will spend as a company overall about $6.2 billion in R&D,"
"We've told our R&D folks that our number one priority is software as
Shares of Microsoft rose 34 cents, or 1.4 percent, to $23.52 in
Copyright 2006 Reuters Limited.
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