Microsoft CEO defends its innovation record, financial results

Microsoft Corp  Chief Executive Steve Ballmer defended his company's record on innovation and financial performance at the annual shareholders' meeting, but conceded that he should have moved faster to get into the booming tablet market dominated by Apple Inc's  iPad.Bill Gates, co-founder and now chairman of the world's largest software company, was one of the first to champion tablet-sized devices more than 10 years ago, but Microsoft failed to come up with a product that worked as well as the iPad. Gates was silent throughout the meeting, attended by about 450 shareholders."We're innovating on the seam between software and hardware," said Ballmer, asked why his company had fallen behind rival Apple. "Maybe we should have done that earlier."A month ago, Microsoft launched the Surface tablet - its first own-brand computer - but has not revealed sales figures.Steve Ballmer states Microsoft is innovating on the seam between software and hardware Click here for full story