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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > Technology > Article Home Business & Finance News U.S. Politics International Technology Internet Entertainment Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Microsoft CEO "very surprised" by Oracle-Sun deal Mon Apr 20, 2009 3:02pm EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Maria Kiselyova MOSCOW (Reuters) - Microsoft's chief executive said on Monday he was 'very surprised' by Oracle Corp's plans to buy Sun Microsystems Inc. "I just learnt it ... I need to think about it. I am very surprised," Steve Ballmer told Reuters in Moscow. Earlier on Monday Oracle unveiled a plan to buy Sun for more than $7 billion, after the high-end computer server and software maker's talks with IBM fell apart. Microsoft Corp is itself talking to Yahoo Inc on an Internet search advertising partnership which could help it turn around its money-losing online business and challenge rival Google's dominant position. Ballmer told a news conference in Moscow it was the right time to invest in that business. "We are clearly losing money. We will make money some day. Now it is the right time to invest." "I think that advertising will be the most important way for us to make money in the online business, search, in display advertising, and partnership with Facebook is a part of that." Last year Microsoft took a $240 million stake in internet social network Facebook, beating out Google and expanding its advertising partnership with the social networking company. Analysts say the potential deal with Yahoo may help it turn around its online business and challenge Google's dominant and growing share of the U.S. search market. Ballmer also said the economic crisis was the right time to invest in innovations, adding Microsoft will spend a total of $9 billion on research and development this year. RUSSIA INVESTMENT He said Microsoft planned to invest 10 billion roubles ($299 million) in projects in Russia in the next three years to support small businesses and promote computer literacy. The initiatives range from projects to increase computer literacy to the creation of innovation and research facilities, Ballmer said, adding they aimed to help Russia respond to the current economic crisis and build sustainable economic growth. "We view Russia not only as a market of great strategic importance for Microsoft but also as an important center for future innovation, entrepreneurship and economic growth ... despite the challenges we face I am extremely optimistic about the long-term future," Ballmer said. ($1=33.46 roubles) (Editing by Greg Mahlich) © Thomson Reuters 2009 All rights reserved Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: Pirate Bay's fileshare four get year in jail Also On Reuters Slideshow Slideshow: Highlights from the world of technology Startup helps mask recession's black eyes Need land for food? Buy or lease from Pakistan More Technology News Videogamers show signs of addictive behavior: study South Korea's "prophet of doom" blogger acquitted Oracle to buy Sun Micro, enters hardware market | Video Future cell phone to take on music editing Text query firm launches new media service More Technology News... 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