Microsoft"s much rumored corporate reorganization was made official today, and so far the changes that CEO Steve Ballmer claims will make the company more nimble and collaborative seem to have resonated with those trading in Microsoft"s stock.
Currently the price of Microsoft"s stock is up 2.75% at the time of writing. In fact, Microsoft stock is generally up as a whole for 2013, and started surging in late April from $29 a share to its current value of well over $35.
Ballmer will offer more information about the reorganization of Microsoft later today at a teleconference for media and financial analysts. One question that has yet to be answered is if there will be any layoffs as part of this reorganization. It"s more than possible that there could be some job redundancies in the new corporate landscape, meaning Ballmer and the new executive team may have to let go of some people. Microsoft has already announced Kurt DelBene, the head of the company"s Office division, is retiring as part of this new change.
Ultimately, we won"t see the full effect of all of these changes under the new organization for at least a year, if not longer. That"s when we should see new products and services that will be developed under this new corporate structure. Will they be better products than those that Microsoft has made in the past? Only time will tell.
Source: Yahoo Finance | Image via Microsoft