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Microsoft Hit with First Ever Quarterly Loss,,Really??

By: capt_nemo in ROUND | Recommend this post (0)
Fri, 20 Jul 12 8:39 AM | 59 view(s)
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Maybe tomorrow that fact will kick in....

EDIT,,,,,,,,,,,,,,

I guess not, LOL
Microsoft Corporation (MSFT)

30.67 Up 0.22(0.71%) Jul 19, 4:00PM EDT|After Hours: 31.32 Up 0.65 (2.14%) Jul 19, 7:59PM EDT

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July 19, 2012 4:39 PM

(AP) REDMOND, Wash. - Microsoft (MSFT) said Thursday that an accounting adjustment to reflect a weak online ad business led to its first quarterly loss in its 26 years as a public company.

The software company had warned that it was taking a $6.2 billion charge because its 2007 purchase of online ad service aQuantive hasn't yielded the returns envisioned by management. The non-cash adjustment is something companies do when the value of their assets decline. Microsoft Corp. paid $6.3 billion for aQuantive, only to see rival Google Inc. expand its share of the online ad market.

The charge led to a $492 million loss in the April-June quarter, or 6 cents a share. That

http://www.cbsnews.com/8301-505124_162-57476122/microsoft-hit-with-first-ever-quarterly-loss/




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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