My News Today » Financial Markets

Microsoft’s Last Financial Quarter Could’ve Used a Service Pack

Kyle — Thu, 23 Jul 2009 23:00:17 +0000

Gizmodo – Results for last quarter are in, and with revenues reported well below already cautious estimates, it was a nasty few months for Microsoft. It’s almost as if they’re sitting on new generations of products in every single space they inhabit.

But analysts were well aware of Microsoft’s cage of not-quite-released hardware and software, and their revenue estimates were still more than a billion dollars long. Months that were supposed to see $14.3bn pass through the company’s accounts ended with just $13.1bn, which is a full 17% down from the same quarter last year. That globbed onto an also-tough Q3 to round out their financial year with a 3% decline in revenue overall—the first time they’ve seen a yearly decline in company history.

Calvin & Hobbs comic strip from 15 years ago. So relevant with today’s problems.

Kyle — Thu, 12 Feb 2009 21:34:01 +0000

Click on pic to enlarge. It’s pretty funny.

Wall Street where in their world everyone is a pony, and they all eat rainbows, and poop butterflies. For the rest of us? Fail!

Kyle — Thu, 22 Jan 2009 21:33:22 +0000

Wall Street is once again down on bad news from Microsoft, Bank of America’s former Merrill Lynch BetterHomes & Gardens wannabe looser, and general ‘the sky is falling’ news. Oh and that the TARP is not working AT ALL!

On a up note, Apple released its earnings on Wednesday and outperformed all estimates. Go Apple!

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