Microsoft CEO sees 'bouyant' tech, telecom industries

Microsoft CEO Steve Ballmer still sees a 'certain buoyancy' among technology and telecommunications customers worldwide, despite recent US economic woes.

'Our industry is not immune to what goes on in the global economy. And yet as I travel"&brkbar;given the current circumstances, people still see a certain buoyancy in the market,' Ballmer, quoted by a Reuters report, said.

'At least, for now, people are feeling, I won't say optimistic, but better than you would be feeling if you are watching CNBC all day,' he said of the financial TV channel.

Ballmer, the leader of the world's largest software maker, said he was speaking generally of industry demand rather than his own business. 'We are one week from the end of the quarter, so I have nothing all that interesting to say,' he said

Wall Street analysts, on average, expect the Redmond, Washington-based company to generate an 8% rise in revenue to just under €1.04 billion (US$15 billion) during its fiscal first quarter ending in September, the Reuters report further said.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.