Microsoft Not Taking Banking Crisis Lying Down

Kachina Shaw

In what I expect is the first of many actions of this type that we will witness, Microsoft has asked, through a "notice of appearance" filing, to be kept informed of the proceedings throughout the bankruptcy of Washington Mutual. According to this bizjournals article, Microsoft is a creditor of the failed bank, having provided software licenses and consulting services. Benjamin Romano at the Seattle Times writes that an unnamed source told him that Microsoft had a three-year, $40 million contract with WaMu as of 2007.

 

As Rob Enderle wrote today, Microsoft is among the best-positioned large tech companies to realize all sorts of benefits during and after the financial downturn. Making sure it is at the head of the creditor line to collect what is coming to it is but one of the perks of being Microsoft.



Add Comment      Leave a comment on this blog post
Oct 10, 2008 12:53 PM M from LA M from LA  says:
As a WAMU customer and Microsoft MCP, who do I go to to get my bail out???Tech sector clients are watching their budgets and not spending as much as they used to.US Government and Corp 500 companies are the worse criminals in the US. What happened to " For the People by The People?"We starve, they profit.... Sucks dont it. Reply

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