Microsoft has to start up again, says chief Steve Ballmer; admits that ‘unless you’re constantly inventing something new, you’re old and tired’

Microsoft has to start up again, says chief Steve Ballmer

Chief executive of Microsoft admits that ‘unless you’re constantly inventing something new, you’re old and tired’

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Referring to the success of Microsoft against rival Apple’s iPhone in Italy, Mr Ballmer quipped: ‘I don’t know how long it’s going to last’ Photo: EPA

4:44PM GMT 05 Nov 2013

Microsoft chief executive Steve Ballmer believes the computer giant has to reinvent itself to avoid being “old and tired” as his company struggles to keep up in the mobile devices sector. “We’re finding ourselves having to start up again,” Mr Ballmer said at a conference in Rome, where he announced Italy had become the first country in which Microsoft phones were outselling iPhones. “Unless you’re constantly inventing something new, you’re old and tired. Today we’re having to remake ourselves,” Mr Ballmer told his audience.Referring to the success of Microsoft against rival Apple’s iPhone in Italy, he quipped: “I don’t know how long it’s going to last.”

Mr Ballmer was a classmate and friend of Bill Gates from their days at Harvard University in the 1970s.

He took over from Mr Gates in 2000 but earlier this year said he will step down by August 2014.

When Mr Ballmer took over, Microsoft was the undisputed tech sector leader, and the world’s largest company in market value. But in recent years it has struggled as consumers began to move from desktop and laptop PCs to mobile devices.

In September, Microsoft bought Nokia’s struggling mobile phone business for €5.44bn (£4.61bn) in an effort to “accelerate” its challenge to the dominance of Apple and Google.

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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