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  • EX 99.1 2 D119007dex991.htm EX 99.1

    Diunggah oleh

    Kelvin Lim Wei Liang
    7 tayangan2 halaman
    Microsoft announced plans to streamline its smartphone hardware business, which will impact up to 1,850 jobs. As a result, Microsoft will record an impairment and restructuring charge of approximately $950 million, including $200 million for severance payments. Microsoft will focus its phone efforts on enterprises and consumers interested in security, manageability and Continuum capability. This will result in up to 1,350 job losses in Finland and 500 additional jobs globally.

    Deskripsi Asli:

    EX-991EX-991EX-991EX-991

    Judul Asli

    EX-991

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    Microsoft announced plans to streamline its smartphone hardware business, which will impact up to 1,850 jobs. As a result, Microsoft will record an impairment and restructuring charge of approximately $950 million, including $200 million for severance payments. Microsoft will focus its phone efforts on enterprises and consumers interested in security, manageability and Continuum capability. This will result in up to 1,350 job losses in Finland and 500 additional jobs globally.

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    © All Rights Reserved
    Unduh sebagai PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    7 tayangan2 halaman

    EX 99.1 2 D119007dex991.htm EX 99.1

    Diunggah oleh

    Kelvin Lim Wei Liang
    Microsoft announced plans to streamline its smartphone hardware business, which will impact up to 1,850 jobs. As a result, Microsoft will record an impairment and restructuring charge of approximately $950 million, including $200 million for severance payments. Microsoft will focus its phone efforts on enterprises and consumers interested in security, manageability and Continuum capability. This will result in up to 1,350 job losses in Finland and 500 additional jobs globally.

    Hak Cipta:

    © All Rights Reserved
    Unduh sebagai PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 2

    10/28/2016

    EX99.1

    EX99.12d119007dex991.htmEX99.1
    Exhibit99.1
    ForRelease2a.m.PDT
    May25,2016
    Microsoftannouncesstreamliningofsmartphonehardwarebusiness
    REDMOND,Wash.May25,2016MicrosoftCorp.onWednesdayannouncedplanstostreamlinethecompanys
    smartphonehardwarebusiness,whichwillimpactupto1,850jobs.Asaresult,thecompanywillrecordanimpairmentand
    restructuringchargeofapproximately$950million,ofwhichapproximately$200millionwillrelatetoseverancepayments.
    Wearefocusingourphoneeffortswherewehavedifferentiationwithenterprisesthatvaluesecurity,manageability
    andourContinuumcapability,andconsumerswhovaluethesame,saidSatyaNadella,chiefexecutiveofficerofMicrosoft.
    Wewillcontinuetoinnovateacrossdevicesandonourcloudservicesacrossallmobileplatforms.
    Microsoftanticipatesthiswillresultinthereductionofupto1,350jobsatMicrosoftMobileOyinFinland,aswellasup
    to500additionaljobsglobally.EmployeesworkingforMicrosoftOy,aseparateMicrosoftsalessubsidiarybasedinEspoo,
    arenotinscopefortheplannedreductions.
    Asaresultoftheaction,Microsoftwillrecordachargeinthefourthquarteroffiscal2016fortheimpairmentofassets
    initsMorePersonalComputingsegment,relatedtothesephonedecisions.
    Theactionsassociatedwithtodaysannouncementareexpectedtobesubstantiallycompletebytheendofthe
    calendaryearandfullycompletedbyJuly2017,theendofthecompanysnextfiscalyear.

    https://www.sec.gov/Archives/edgar/data/789019/000119312516601931/d119007dex991.htm

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    10/28/2016

    EX99.1

    MoreinformationaboutthesechargeswillbeprovidedinMicrosoftsfourthquarterearningsannouncementonJuly19,
    2016,andinthecompanys2016AnnualReportonForm10K.
    Microsoft(NasdaqMSFT@microsoft)istheleadingplatformandproductivitycompanyforthemobilefirst,cloudfirst
    world,anditsmissionistoempowereverypersonandeveryorganizationontheplanettoachievemore.
    Formoreinformation,pressonly:
    MicrosoftMediaRelations,WECommunicationsforMicrosoft,(425)6387777,rrt@weworldwide.com
    Notetoeditors:Formoreinformation,newsandperspectivesfromMicrosoft,pleasevisittheMicrosoftNewsCenterat
    http://news.microsoft.com.Weblinks,telephonenumbersandtitleswerecorrectattimeofpublication,butmayhave
    changed.Foradditionalassistance,journalistsandanalystsmaycontactMicrosoftsRapidResponseTeamorother
    appropriatecontactslistedathttp://news.microsoft.com/microsoftpublicrelationscontacts.
    Noteaboutforwardlookingstatements.Certainstatementsinthispressrelease,otherthanpurelyhistoricalinformation,
    includingestimates,projections,statementsrelatingtoourbusinessplans,objectivesandexpectedoperatingresults,and
    theassumptionsuponwhichthosestatementsarebased,areforwardlookingstatementswithinthemeaningofthePrivate
    SecuritiesLitigationReformActof1995,Section27AoftheSecuritiesActof1933andSection21EoftheSecurities
    ExchangeActof1934.Theseforwardlookingstatementsgenerallyareidentifiedbythewordsbelieve,project,expect,
    anticipate,estimate,intend,strategy,future,opportunity,plan,may,should,will,would,willbe,will
    continue,willlikelyresult,andsimilarexpressions.Forwardlookingstatementsarebasedoncurrentexpectationsand
    assumptionsthataresubjecttorisksanduncertaintieswhichmaycauseactualresultstodiffermateriallyfromtheforward
    lookingstatements.Adetaileddiscussionofrisksanduncertaintiesthatcouldcauseactualresultsandeventstodiffer
    materiallyfromsuchforwardlookingstatementsisincludedinthesectiontitledRiskFactorsofourForms10Kand10Q.
    Weundertakenoobligationtoupdateorrevisepubliclyanyforwardlookingstatements,whetherasaresultofnew
    information,futureeventsorotherwise.

    https://www.sec.gov/Archives/edgar/data/789019/000119312516601931/d119007dex991.htm

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