Microsoft's Raikes planning deals, not exit

Microsoft issues a media alert saying Microsoft to make Business Division announcement, then kills the release. A source says unit head Raikes is busy on the mergers and acquisitions front, not, say, sending out his resume.

by Ina Fried

January 6, 2008 10:51 PM PST

Microsoft sent out a cryptically worded media alert on Sunday, indicating the software maker planned to have a teleconference bright and early Monday morning.

Even more strangely, the company quickly killed the media alert, offering no details on what it was that it had planned--but no longer planned--to announce.

A source familiar with the first-news, now-not-news, said that Business Division head Jeff Raikes has been busy on the mergers and acquisitions front, not planning his own departure or some secret reorganization.

Does anyone know who is the apple of Raikes' eye?

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