Posted on 7/26/2002


Microsoft Corp. said on Thursday it would boost spending on research and development by 20 percent and hire nearly 10 percent more workers this year, buoyed by strong sales of Windows XP.

Bill Gates, Microsoft's chairman and chief software architect, said the software giant would make "aggressive" investments as it prepares to bet the company's future and its mainstay, the Windows operating system, on Web-based services.

"We are increasing the level of investment for the future," Gates told a gathering of about 300 analysts and reporters.

Gates said the software giant would increase research spending by 20 percent to $5.3 billion and add 5,000 employees to its workforce of 50,500 for the current year that ends in June 2003.

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