As Bill Gates leaves Microsoft to devote his time to the Gates Foundation, it will be up to successors to master the internet’s challenges or see Microsoft’s stature erode, the New York Times reports. Gates is moving on as the company he co-founded in 1975 is struggling to find its way. The center of gravity in technology has shifted from PCs to the internet, altering the old rules of competition that were so lucratively mastered by Microsoft. For millions of users, mobile devices such as cell phones are beginning to edge out PCs as the tool of choice for many computing tasks. And Google, the front-runner in the current wave of internet computing, has wrested the mantle of high-tech leadership from Microsoft. Although Gates will spend one day a week at the company, it will be up to his successors, led by Steven A. Ballmer, the chief executive, to master these new challenges or watch Microsoft’s wealth and stature in the industry steadily erode. "Bill’s legacy is Windows and Office, and that will be a rich franchise for years to come, but it’s not the future," said David B. Yoffie, a professor at the Harvard Business School…

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