Boston, MA 03/04/2014 (wallstreetpr) – Microsoft Corporation (NASDAQ:MSFT), after announcing a new chief executive last month, is the focus of many investors and the company is not disappointing. A lot of announcements keep coming from the company, perhaps as it hopes to win investor confidence in its business.
Among the latest announcements that have come from the company is the executive reshuffle, the first under CEO Satya Nadella. The company has confirmed that two executives will be leaving. These are EVP of Business Development and former Skype CEO Tony Bates. Mr. Bates is said to have been in the shortlist of the prolonged Microsoft CEO search. Yet another executive leaving the company is Tami Reller who was EVP marketing. While Mr. Bates will leave immediately, Reller will remain to oversee transition, Nadella said in a letter to Microsoft employees.
Reshaping Microsoft
Mr. Nadella understands what investors want to see in the company. By moving to reposition his management team, there is no doubt that he is hoping that this time around – at least under his watch – Microsoft will enter a speedy turnaround. That is why even as the company works on realigning its leadership, we keep getting news on how things are going to happen in future.
Microsoft Corporation (NASDAQ:MSFT) has announced intent to make its social games service – Xbox Live – available on Google Inc (NASDAQ:GOOG)’s Android and Apple Inc (NASDAQ:AAPL)’s iOS platforms. In order to make this happen, Microsoft recently placed a job offer to that effect.
Running open-source social gaming sphere seems to be an idea that Microsoft Corporation (NASDAQ:MSFT) hopes will take it where it wants to be ahead of rivals, especially in the mobile gaming world.
By opening up Xbox Live for other platforms, Microsoft Corporation (NASDAQ:MSFT) will be opening up a lucrative opportunity for mobile developers. And this may make its already robust Live social games platform the most preferred mobile gaming source.
Investor Takeaway
Mobile gaming is an area that has a lot of promise for tech companies like Microsoft Corporation (NASDAQ:MSFT). Therefore moving to get rid of the barrier that has existed in its robust social gaming platform will be an important step towards growth in mobile market.
