Journal Facetious's Journal: Microsoft shares drop on earnings news
Microsoft's stock dropped 6% today to once again close below $30 per share. This time the drop wasn't from an announcement to buy out another company, but from their own earnings reports. The article suggests competition from Apple and Ubuntu explain why "Microsoft's third-quarter 2008 Windows sales are virtually flat year over year during a time when, by Microsoft's own estimate, the overall PC market grew 8% to 10%." Cnet, ZDnet, The Street, Bloomberg, and CNN Money also discuss the drop.
Microsoft shares drop on earnings news More Login
Microsoft shares drop on earnings news
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