Microsoft shares are getting hammered in Tuesday evening’s after-hours session on news that Ford CEO Alan Mulally will not leave the company to accept a new chief executive role at Microsoft. Rumors that Mulally was a top candidate for the CEO role that will soon be vacated by Steve Ballmer have been swirling since Ballmer first announced his imminent departure. According to a report from The Associated Press, however, Mulally has confirmed that he will stay with Ford at least through the end of 2014. Microsoft shares slid 2.5% on the news.

Zach Epstein has worked in and around ICT for more than a decade, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.