Excerpt from our Wall Street Breakfast, a one-page summary of this morning's key market-moving and stock-moving stories:
Microsoft marketing to small Japan firms [Business Week]
Summary: Microsoft CEO Steve Ballmer announced today in Tokyo his firm will invest "tens of millions of dollars" to promote its software to small and medium-sized Japanese enterprises. Microsoft will also increase the number of its stores in Japan by four to total 11 by the end of 2007. Regarding the delay in its Vista operating system release, CEO Ballmer said, "We will never have a five-year gap between releases again."
Related links: Microsoft F1Q07 Earnings Call Transcript • Microsoft Beats the Street with 11% Earnings Gain • In Recognition of New "Mixed" Software Environment, Microsoft To Work With Novell's Linux • Goldman Sachs' Microsoft Analyst Rick Sherlund Leaves. Here's Why. • Red Hat: Unlikely to Recover From ORCL/MSFT One-Two Punch -- Barron's
Potentially impacted stocks and ETFs: Microsoft (NASDAQ:MSFT), IBM (NYSE:IBM), Oracle (NYSE:ORCL), SAP AG (NYSE:SAP) • ETFs: iShares S&P Global Technology (NYSEARCA:IXN), Software HOLDRs (NYSE:SWH), Technology Select Sector SPDR (NYSEARCA:XLK), Vanguard Information Technology ETF (NYSEARCA:VGT)
Seeking Alpha is not affiliated with Business Week.