Thursday, April 24, 2008

Microsoft Profit Drops; Forecast May Miss Estimates Microsoft Profit Drops; Forecast May Miss Estimates

Microsoft Profit Drops; Forecast May Miss Estimates:
Microsoft Corp. declined 5 percent in extended trading after it reported an 11 percent drop in third-quarter profit and forecast earnings that may miss analysts' estimates as Windows software sales fell.

Net income dropped to $4.39 billion, or 47 cents a share, from $4.93 billion, or 50 cents, a year ago. Revenue was little changed at $14.5 billion, matching analysts' estimates and disappointing investors looking for more after industry reports showed better-than-expected demand for personal computers.

The world's biggest software maker said sales of Windows for PCs sank 24 percent and revenue from its online advertising unit came in at the low end of its projections. Microsoft's report contrasted with positive comments from chipmaker Intel Corp. and computer company International Business Machines Corp.
Could it be that Windows Vista sucks and as a result, a lot of people are not upgrading?

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