Other tech leaders announced retirement this year included Juniper Networks' Kevin Johnson and Intel's Paul Otellini.
Microsoft buys Nokia
Microsoft made more headline news this year with its acquisition of Nokia. The company will pay US$7.2 billion to buy the Finnish phone maker as Microsoft seeks to boost its flagging mobile business. For Nokia, the deal represents an admission that it lacks the resources to compete with Samsung and Apple.
Rotten Blackberry—for sale or not-for-sale?
Nokia isn't the only mobile player struggling to stay afloat. Despite releasing new handsets, changing its company name and cutting 40% of its workforce, Blackberry still struggled to turn things around. The company reportedly offered itself to six suitors, but ended up taking a US$1 billion loan from Fairfax. The next step is still unknown.
Massive layoffs from the big boys
A pair of tech giants also contributed to major job cuts within the industry. Big Blue reduced its workforce by cutting 3,000 jobs, including some at IBM China and IBM Brazil. Cisco's belt-tightening announcement in August eliminated some 4,000 jobs, or 5% of its workforce—a move to "rebalance" its business.
Twitter's triumphant IPO
In contrast to Facebook's rocky and disappointing IPO, Twitter had a much more enthusiastic IPO experience. The company ended its first day of trading 75% higher than its IPO price. Though the company has yet to make a profit, analysts noted that its bankers—led by Goldman Sachs—did a good job stoking demand for the social media firm's shares.
Yahoo China says goodbye
Yahoo China went offline in September, ending more than ten years of service within the country. The shutdown was a decision by Alibaba Group—who operated China Yahoo since 2005—to take down all Yahoo-branded services within the country. Last December, Yahoo's music service in China ceased, and Yahoo's email services in China shut down two weeks before the portal closed.
Sign up for CIO Asia eNewsletters.