Yesterday Microsoft's CEO, Steve Ballmer, addressed an analysts' meeting in New York. According to Reuters, his message wasn't well received.
He said Microsoft will offer robust versions of its yet-to-be-released Windows 7 operating software for netbooks to boost revenue from this fastest growing, low cost computer sector, but didn't announce more cost cutting, sending shares to an 11-year low.
Microsoft is to lay off 5,000 workers on January 22 as part of a plan to save $1.5 billion in annual costs.
'I don't think it makes sense for us to come back and say, 'Could we take out another $2 billion in costs‾'' Ballmer said at the analysts' meeting, Reuters reported.
A month ago Microsoft blamed netbooks for weaker-than-expected quarterly profits and said would ship a low-end version of Windows 7 for netbooks, and make it easy for users to upgrade to more expensive editions.