WINDOWS CE–Smarter & Better Devices
With the 1997 introduction of the handheld PC (HP/C), Windows CE products continue to expand with the introduction of new devices and updated OS versions and applications. The Palm-size PC and the Auto PC along with the HP/C professional edition expand the PC companion line.
Launch of India Development Center in Hyderabad, India. The center will become the second largest development center outside the US facillity in Redmond (WA)
Microsoft’s Board of Directors approved a 2 for 1 split of its common shares. Shareholders will receive one additional common share held on the record date of February 6, 1998. As of December 31, 1997, Microsoft had approximately 1.2 billion common shares outstanding. This is the seventh time the common stock has split since the company went public on March 13, 1986.
Microsoft realigns its product groups to respond to changing consumer and market needs. The reorganization focuses the product groups on investing in Windows with the goal of delivering simplicity and scalability, allowing businesses to maximize their competitive advantage through their digital nervous system, and promoting the Web lifestyle
Microsoft delivers on its commitment to build innovative products for the Macintosh by releasing Office 98, Macintosh Edition, which offers Mac users all of the features found in Office 97, plus added functionality.
For the first time ever, Exchange Server outsold Lotus Notes in the first quarter of calendar year 1998. In its two years on the market, sales of Exchange Server totaled more than 13 million seats, easily making it the fastest-growing server product in PC history.
Slate becomes the first Internet-based magazine to join the New York Times global news distribution service, which includes content from The Economist and Le Monde
Microsoft launches Windows 98 worldwide
Presidents
On July 21, 1998, Steve Ballmer, 42, is appointed president of Microsoft to broaden the leadership of the company and better position the company to take advantage of future growth opportunities. Ballmer’s new responsibilities include boosting the business discipline and performance of all Microsoft’s existing and emerging businesses as well as improving customer satisfaction.
Bill Gates, 42, will continue as chairman and CEO, and will focus more time on Microsoft’s long-term planning and working with the development teams to devise the technologies and products of the future.
Stats
Revenues: $14.48 billion Growth 30%
Net Revenue (US$) $15.26B %Growth 28%
Employees: 27,055