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Microsoft's Board Adds Seagate CEO Luczo

DOW JONES NEWSWIRES Microsoft Corp. (MSFT) on Thursday added Stephen J. Luczo, the chairman and chief executive of hard-drive maker Seagate Technology PLC (STX) as its newest director. The software giant also said current director John Thompson, chief executive of privately held Vitrual Instruments, will replace Netflix Inc. (NFLX) Chief Executive Reed Hastings on the board's compensation committee, while naming Luczo to its audit committee. Luczo, 55 years old, has served on Seagate's board since 2000. He was named chairman of the company in 2002 and has held the president and CEO positions since 2009. Microsoft has been expanding its footprint into a variety of sectors over the past year as the line between the software and hardware sectors becomes increasingly blurry. The company most recently paid 300 million for a 17.6% stake in Barnes & Noble's Inc. (BKS) Nook digital-reader business and its college-bookstore business. Seagate has benefited this year as pent-up demand pushes up prices for its hard drives. Severe flooding in Thailand knocked out a significant amount of the world's production capacity, though Seagate was relatively unscathed. Microsoft shares were recently off 11 cents at $31.69 Thursday, while Seagate was down 3.7% at $31.02 amid a broad market downturn. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Netflix (NFLX)
DateTimeHeadline
04/17/201417:12:18TECH STOCKS: SanDisk, Weibo Gains Pace Tech Stocks
04/17/201411:10:53TECH STOCKS: IBM Losses Can't Hold Back Tech Gains
04/15/201413:58:33NBCUniversal Plans Big Digital Video Push
04/11/201419:36:07Riding the Tech Roller Coaster
04/11/201416:40:18TECH STOCKS: Nasdaq Slips Below 4,000; Yahoo, Twitter Fall
04/11/201416:32:17MARKET SNAPSHOT: U.S. Stocks Extend Fall; S&P On Pace For 2...
04/11/201411:36:49TECH STOCKS: Yahoo, Twitter Weigh On Techs; Zynga Rises
04/11/201411:27:09MARKET SNAPSHOT: U.S. Stocks Extend Fall; S&P Set For 2% Weekly...
04/11/201408:19:49Canada Government Disables More Online Services On Heartbleed...
04/10/201406:20:08A Race To Plug Internet Hole
04/09/201416:58:11TECH STOCKS: Facebook Rises As Internet Stocks Lead Tech Gains
04/08/201416:56:29TECH STOCKS: Pandora, EBay, Netflix Pace Tech Gains
04/08/201413:51:42TECH STOCKS: Tech Stocks Find Ways Toward Some Gains
04/08/201410:20:16Amazon: Prime Video Streams Nearly Tripled Year-Over-Year
04/07/201417:00:22TECH STOCKS: Netflix, Facebook Among The Few Tech Gainers
04/07/201414:18:10MARKET SNAPSHOT: U.S. Stocks Extend Losses Ahead Of Quarterly...
04/07/201413:16:22TECH STOCKS: Netflix, Microsoft Rare Gainers In Weak Tech Action
04/07/201411:01:38TECH STOCKS: Netflix, Facebook Rise In Erratic Tech Trade
04/07/201411:01:37TECH STOCKS: Netflix, Facebook Rise In Erratic Trade
04/02/201413:02:24EU to Vote on Web Traffic Regulation

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