The market responded with a stock value search upon the announcement of Microsoft CEO Steve Ballmer's retirement.

Microsoft CEO Steven Ballmer announced leaving the company within 12 months which also left the software maker in woes to find a replacement.

Microsoft CEO Steve Ballmer would sit as the second biggest shareholder in Microsoft, after co-founder Bill Gates, after his retirement to follow in the next 12 months.

Microsoft CEO Steve Ballmer announced his retirement within the next 12 months through a statement issued on the company's website.

Reports said Nokia would roll out a tablet powered by Windows RT next month. Microsoft failed to meet the sales expectations on its Surface tablets running on the Windows RT operating system.

Analysts said Apple could attain a trillion-dollar valuation considering the company's current services, products and investments for the future.

Microsoft recently apologized for Outlook.com's outage which dragged on for around three days while Google's crashed services lasted for only a couple of minutes.

Google blocked videos from playing on the Windows Phone YouTube app made by Microsoft. The videos from the YouTube app installed in every Windows Phone were blocked by Google for infringing the terms of use.

Microsoft announced it would add new commercial distribution partners in 17 countries for the company's Surface tablets.

Zynga announced the exit of some senior executives, including David Ko, Zynga's Chief Operating Officer, as part of the company's streamlining plans.