On mobile, Ballmer says Microsoft missed the cycle

Microsoft CEO Steve Ballmer says the company missed the mobile phone software curve and is now playing catch-up. However, mobile "is a dynamic market" and Microsoft could make a comeback.

Then again what else is Ballmer going to say. He's not going to say "we're toast!" In fact, Microsoft could make a comeback with Windows Phone 7, but it doesn't have much time to work with.

Here's the video of Ballmer's mobile chat. CNet News and Engadget have the play-by-play, which didn't reveal much that was new.

Related: Microsoft's mobile missteps a persistent investor concern