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	<title>AllThingsD &#187; financial services industry</title>
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		<title>Ballmer Finds Leak in Tech Industry Inner Tube</title>
		<link>http://allthingsd.com/20080930/ballmer-finds-leak-in-tech-industry-inner-tube/</link>
		<comments>http://allthingsd.com/20080930/ballmer-finds-leak-in-tech-industry-inner-tube/#comments</comments>
		<pubDate>Tue, 30 Sep 2008 22:27:29 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
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		<category><![CDATA[Steve Ballmer]]></category>
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		<description><![CDATA[Oh, we’re in trouble now. Microsoft CEO Steve Ballmer seems to have lost his optimistic outlook on the current economic collapse. And when a guy with a pay package valued at about $1.35 million loses his faith in the tech industry’s “buoyancy,” as Ballmer likes to call it, well, you know things are getting really ugly.]]></description>
			<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2008/09/ballmer_loser_sign-300x269.jpg" alt="" title="ballmer_loser_sign" width="200" height="169" class="alignright size-medium wp-image-6012" />Oh, we&#8217;re in trouble now. Microsoft CEO Steve Ballmer seems to have lost his optimistic outlook on the current economic collapse. And when a guy with <a href="http://ap.google.com/article/ALeqM5ikQAi-AvI_NSQ5gttOndPlDZHdygD93GMIAO0">a pay package valued at about $1.35 million</a> loses his faith in <a href="http://www.eweek.com/c/a/Finance-IT/Tech-Industry-Still-Buoyant-Microsoft-CEO-Says/">the tech industry&#8217;s &#8220;buoyancy,&#8221;</a> as Ballmer likes to call it, well, you know things are getting really ugly.</p>
<p>In <a href="http://www.reuters.com/article/marketsNews/idUSLU20247520080930">a Tuesday interview with Reuters</a>, Ballmer said it&#8217;s reasonable to assume that the ongoing financial crisis will affect Microsoft (MSFT). &#8220;Financial issues are going to affect both business spending and consumer spending, and particularly &#8230; spending by the financial services industry,&#8221; <a href="http://news.yahoo.com/s/nm/20080930/tc_nm/us_microsoft_ballmer_10">Ballmer said</a>. &#8220;We have a lot of business with the corporate sector as well as with the consumer sector and whatever happens economically will certainly affect Microsoft. I think one has to anticipate that no company is immune to these issues.&#8221;</p>
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