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Posted in Finance, Microsoft at 3:08 pm by Dr. Roy Schestowitz
Microsoft Operating Income Down 30%, Income Down 29%, and Earnings Down 26%
AS we showed before, Microsoft is about to announce disappointing results [1, 2, 3], but it will artistically try to spin its way out of this one, with the help of the press (or “mass media”). To avoid deception from this mass media and a Microsoft press release, as soon as information arrives, we shall append it below with explanations, references, and supporting reports. GNU/Linux and Free software are a major factor in the sharp decline of their most formidable suppressor and a general aggressor in the technology sector. █
=> 1 | 2 | 3 | a major factor
Update #1 (3:58PM Eastern Time):
Wall Street Journal (ahead of the report): Microsoft Expected To Post Fiscal 4Q Pft, Sales Declines
=> ↺ Microsoft Expected To Post Fiscal 4Q Pft, Sales Declines
Update #2 (4:03PM Eastern Time):
As expected, some of the press uses the strategic timing of Vista 7 news to distract from bad results.
Reuters: Microsoft deal talk, optimism overshadow results
=> ↺ Microsoft deal talk, optimism overshadow results
Update #3 (4:13PM Eastern Time):
According to the press release (made public minutes ago), “Operating income, net income and diluted earnings per share for the quarter were $3.99 billion, $3.05 billion and $0.34 per share, which represented declines of 30%, 29% and 26%, respectively, when compared with the prior year period.” That’s the second consecutive sharp drop of this scale and revenue is down very sharply as well.
In reality, it might be a lot worse due to habits of fraud. Microsoft is said to have lost $18bn in 1998.
=> ↺ due to habits of fraud | ↺ said to have lost $18bn in 1998
Update #4 (4:54PM Eastern Time):
Coverage from the mainstream press is starting to trickle in.
AP: Microsoft fiscal 4Q profit falls 29 percent
=> ↺ Microsoft fiscal 4Q profit falls 29 percent
WSJ: Microsoft’s Profit, Sales Tumble
=> ↺ Microsoft’s Profit, Sales Tumble
Bloomberg: Microsoft Profit Falls 29% as Slowdown Hurts Sales
=> ↺ Microsoft Profit Falls 29% as Slowdown Hurts Sales
AFP: Microsoft profit down 29 pct in weak computer market
=> ↺ Microsoft profit down 29 pct in weak computer market
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