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Richard Belluzzo

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BUSINESS
September 3, 1999 | Reuters
Microsoft Corp. said it named Richard Belluzzo, 45, who recently resigned as chief executive and chairman of Silicon Graphics Inc., to head its Internet business, but it denied the move is a step toward spinning off the business into a separately traded company. President Steve Ballmer said Microsoft would be "open-minded" about its financial structure, but he splashed cold water on recent speculation about a spinoff.
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BUSINESS
August 2, 2002 | Associated Press
Richard Belluzzo, who resigned in April after serving a little over a year as Microsoft Corp.'s president and chief operating officer, was named CEO of data storage company Quantum Corp. Belluzzo will succeed Michael Brown, who is stepping down after seven years as chief executive. No reason was given for Brown's decision, but he will continue to serve as chairman of Milpitas, Calif.-based Quantum's board.
BUSINESS
September 10, 2002 | Bloomberg News
Quantum Corp., a Milpitas, Calif., maker of computer data-storage devices, will reduce its work force by 1,100, or 37%, as new Chief Executive Richard Belluzzo seeks to pare costs and return to profitability by March. About 80% of the workers cut will be hired by Jabil Circuit Inc., which is assuming some Quantum manufacturing. The job cuts and other costs to restructure will trim earnings by $100 million in the second and third quarters, Quantum said. Belluzzo, a former Microsoft Corp.
BUSINESS
November 20, 1993 | From Times Staff and Wire Reports
Hewlett-Packard Co.'s Hackborn Retiring: Richard A. Hackborn, architect of the computer company's $4-billion printers and peripherals business, will take early retirement at the end of the month. Richard E. Belluzzo will succeed him as head of the company's Computer Products Organization. Hackborn, 56, announced his retirement at a board meeting at the No. 2 computer maker's headquarters in Palo Alto.
BUSINESS
August 24, 1999 | Bloomberg News
Troubled computer maker Silicon Graphics Inc. said Chairman and Chief Executive Richard Belluzzo resigned after less than two years in the top job and that board member and former SGI employee Robert Bishop will take over as chairman and CEO. A spokesman for the Mountain View, Calif.-based maker of computer servers and workstations said he did not know Belluzzo's plans, only that he is not going to an SGI competitor. Belluzzo, 45, left the No. 2 position at Hewlett-Packard Co.
BUSINESS
December 4, 1999 | Bloomberg News
Microsoft Corp., the world's largest software maker, said it promoted Jim Allchin to head its Windows operating system unit and Bob Muglia to manage the development of Microsoft Office and related software. The Redmond, Wash.
BUSINESS
January 24, 1998 | Associated Press
Silicon Graphics Inc. named the head of Hewlett-Packard Co.'s computer unit as its chairman and chief executive Friday in a bid to revive the flagging high-tech company. Richard Belluzzo, the No. 2 executive at Palo Alto-based HP, replaces Ed McCracken, who had announced that he would step down when the company chose a new CEO. Analysts lauded the choice of Belluzzo, who is expected to boost SGI with his no-nonsense management abilities.
BUSINESS
March 28, 1998 | From Bloomberg News
Silicon Graphics Inc. on Friday forecast a "significant" loss and lower sales for this quarter as the computer maker struggles with declines in its workstation and supercomputer businesses. The company, which is known for its high-powered computers--they were used to create the special effects in movies such as "Jurassic Park" and "Forrest Gump"--told analysts it will post a loss of between 30 and 45 cents a share for the quarter ending Tuesday.
BUSINESS
August 25, 1999
Richard Belluzzo, who on Monday resigned as chairman and chief executive of Silicon Graphics Inc., is expected to join Microsoft Corp. to run its rapidly growing Internet activities. Belluzzo is likely to take the position and is the best choice, even though he wasn't Microsoft's first choice, said Rob Enderle, analyst at Giga Information Group. Belluzzo is expected to start about Sept. 1, according to the Wall Street Journal, which cited people familiar with the matter.
BUSINESS
October 22, 1998 | (Bloomberg News)
Silicon Graphics Inc.'s fiscal first-quarter loss from operations was less than expected as the No. 5 maker of computer workstations cut costs to cope with falling revenue. For the three months ended Sept. 30, SGI reported a loss of $77 million, or 41 cents a share, compared with a loss of $56 million, or 31 cents a share, a year ago. Sales fell 20% to $616 million from $768 million a year ago.
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