U.S. TV Exclusive: Bill Gates Tells Bloomberg TV that Weakness in the U.S. Dollar Leads to Increased R&D Spending

U.S. TV Exclusive: Bill Gates Tells Bloomberg TV that Weakness in the U.S. Dollar Leads to Increased R&D Spending

NEW YORK, March 8 /PRNewswire/ -- In a U.S. television exclusive interview on BLOOMBERG TELEVISION, Bill Gates, chairman and chief software architect of Microsoft Corporation, stated that the weak U.S. dollar has increased Microsoft's profits, resulting in increased investment in research and development.

"The I.T. industry books a lot of its sales in foreign currencies, including Microsoft. About half of our sales are outside of the United States, whereas much more of our cost structure, because of our R&D focus, is still very, very heavily here in the U.S. So, the weak dollar tends to increase the profit results of Microsoft and other I.T. companies and gives us a chance to take some of that [and] put more in R&D," Mr. Gates told Bloomberg Television.

The entire U.S. television exclusive interview can be seen starting at 5am Wednesday, March 9th on BLOOMBERG TELEVISION worldwide. It can also be viewed by Bloomberg subscribers via the BLOOMBERG TERMINAL.

About Bloomberg

Bloomberg is the leading global provider of news, data and analytics. The BLOOMBERG TERMINAL, also called the BLOOMBERG PROFESSIONAL(R) service, and Bloomberg's media services provide real-time and archived news, financial data, pricing, trading and communications tools in a single, integrated package to corporations, news organizations, financial and legal professionals and individuals around the world. Bloomberg's media services include BLOOMBERG NEWS(R), the global news service that includes more than 1,600 journalists in 103 bureaus worldwide; BLOOMBERG TELEVISION(R), the 24-hour business and financial network produced and distributed worldwide on 10 separate channels in seven languages; and BLOOMBERG RADIO(SM), which provides up-to-the-minute news on XM, Sirius and WorldSpace satellite radio around the world and on WBBR 1130AM in New York. In addition, Bloomberg Magazine Group and Bloomberg Press publish magazines and books for investment professionals. For more information please visit http://www.bloomberg.com/.

Source: Bloomberg

CONTACT: Loren Riegelhaupt of Sloane & Company, +1-212-446-1871,
Lorenr@sloanepr.com, for Bloomberg

Web site: http://www.bloomberg.com/

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