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Microsoft Misses Quarterly Revenue Projection

Zonk posted more than 9 years ago | from the misplaced-some-platinum-pieces dept.

Microsoft 327

monsterhead78 wrote to alert us to a BusinessWeek article discussing Microsoft's uncharacteristic miss of its own fiscal projections for the third quarter. From the article: "Three months ago, the software giant said it expected revenue for the period to come in between $9.7 billion and $9.8 billion. But when the company released results Apr. 28, it came up short. Microsoft (MSFT ) rang up just $9.62 billion in sales, a 5% increase from the year-ago quarter."

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Montreal? (-1, Troll)

montreal!hahahahah (880120) | more than 9 years ago | (#12388403)

hahhhahaha

Re:Montreal? (0, Troll)

montreal!hahahaha (880095) | more than 9 years ago | (#12388447)

montreal you said? muahahahahahaha

Re:Montreal? (0, Troll)

montreal!hahahahah (880120) | more than 9 years ago | (#12388526)

I said Montreal? hahahahha

Re:Montreal? (0, Troll)

montreal!hahahaha (880095) | more than 9 years ago | (#12388576)

Didnt you say Montreal?
muahahahahaha

hi (-1, Offtopic)

Anonymous Coward | more than 9 years ago | (#12388404)

Frist post?

monkey post (-1, Offtopic)

Anonymous Coward | more than 9 years ago | (#12388408)

monkey post

it's because (2, Funny)

Uptown Joe (819388) | more than 9 years ago | (#12388410)

they haven't released anything new, except for free patches to fix broken software...

Re:it's because (-1, Offtopic)

Anonymous Coward | more than 9 years ago | (#12388506)

You mean Apple's patches to KHTML were included into IE? (sorry, couldn't resist)

a couple ideas... (3, Insightful)

John Seminal (698722) | more than 9 years ago | (#12388585)

they haven't released anything new, except for free patches to fix broken software

First, I think I am done buying M$, but having said that, I had an idea.

Why does not Microsoft not release their OS, but hold it for a few months, have a large beta group of testers. Fix the bugs. Have their own in house hackers try and break in, make more fixes. Load it with lots of different kinds of software and fix whatever problems they have.

Instead it feels like they release a product too early. Service pack 1 followed by 2 and 3 and 4.

My second complaint is these service packs are too large for some people with dial-up. If AOL can have 100's of CD's in every computer store, why can't Microsoft have their free service patch CD's in stores??

What! The Street loved the results (5, Insightful)

winkydink (650484) | more than 9 years ago | (#12388411)

Here's an excerpt from the AP feed:
Microsoft shares rose 85 cents, or 3.5 percent, to close at $25.30 in Friday trading on the Nasdaq Stock Market.

The company reported its fiscal third-quarter earnings after financial markets closed on Thursday.

For the quarter ending March 31, the Redmond, Wash.-based company earned $2.56 billion, or 23 cents per share, up from $1.32 billion, or 12 cents per share, a year ago.

Analysts surveyed by Thomson Financial were looking for the company to post earnings of 32 cents per share on sales of $9.83 billion in the latest quarter. The company would have met earnings expectations, except for legal charges of 5 cents a share and a 4-cent-per-share charge for the expense of stock-based compensation required under new accounting rules.


Revenue is important but profit even more so. MSFT closed up today 3.48%

Re:What! The Street loved the results (0)

Anonymous Coward | more than 9 years ago | (#12388504)

It must be idiots who are raising the stock price. Microsoft stock is a pyramid scam stock. They have made a one-time payout recently, but other than that, they have always relied on the demand for their stock to increase share price instead pay dividends like they should.

Re:What! The Street loved the results (4, Informative)

winkydink (650484) | more than 9 years ago | (#12388605)

I think you need to bone up on how to read financial statements and pick stocks.

For example, MSFT has a P/E of 24.5. Dor a good explanation of P/E, look here [fool.com]

By comparison, AAPL's is 40 and that other Slashdot darling, GOOG's, is at 88!

Re:What! The Street loved the results (0)

d1v1d3byz3r0 (758848) | more than 9 years ago | (#12388512)

Earnings != Revenue Earnings = Profit

Re:What! The Street loved the results (3)

d1v1d3byz3r0 (758848) | more than 9 years ago | (#12388533)

Please disregard. I re-read your post and it makes sense the way you had it. My bad.

Re:What! The Street loved the results (0)

Anonymous Coward | more than 9 years ago | (#12388594)

Dimwit, the only reason MS was able to show a rise in profits is because they didn't pay as much in legal fees/settlements this year compared to last.

Just like the previous two quarters before this current one they slashed around a billion from their budget to make the numbers.

MS's revenue growth is slowing rapidly and is wildly out of whack with their current stock price. So load up dummy, Gates and the rest of the MS insiders are always looking for someone to hold their bag...

(you do know how much stock they have been dumping this past year don't you)

So? (0)

Anonymous Coward | more than 9 years ago | (#12388413)

Wow, a mutlibillion-dollar company is $300M short. Why is this news?

Re:So? (0)

Anonymous Coward | more than 9 years ago | (#12388435)

It's news because Microsoft always sets their expectations low. When they inevitably "beat the street", the stock typically goes up. At least, thats how it always worked up until a few years ago. Nowadays, its obviously a different story.

Who would have guessed... (0)

oscast (653817) | more than 9 years ago | (#12388415)

Who would have guessed 5 years ago that Apple would be Wall street's darling and growing its stock by leaps and bounds while Microsoft software is languishing its stock is stagnant and not meeting expectations?

Re:Who would have guessed... (1)

kaje103 (828985) | more than 9 years ago | (#12388433)

Beautiful isn't it?

mods... (-1, Flamebait)

Anonymous Coward | more than 9 years ago | (#12388458)

this is NOT INSIGHTFUL you dumb fucks.

Re:Who would have guessed... (0)

Anonymous Coward | more than 9 years ago | (#12388475)

ME!

Re:Who would have guessed... (4, Insightful)

TheCabal (215908) | more than 9 years ago | (#12388481)

Languishing? They posted over 9 BILLION in sales. They came a few million short on a projection. Excatly how do you prove that Microsoft's stock is stagnating? they closed today up over 3 points.

Re:Who would have guessed... (1)

mattgreen (701203) | more than 9 years ago | (#12388498)

Logic only decreases the effectiveness of the argument, you see. Better to just appeal to emotion, y'know?

Re:Who would have guessed... (1)

FuzzyBad-Mofo (184327) | more than 9 years ago | (#12388548)

It's my understanding that the market expects companies to not only meet but exceed expectations. To actually fail to meet expectations, even slightly, makes investors take notice.

Re:Who would have guessed... (1, Informative)

Anonymous Coward | more than 9 years ago | (#12388555)

Because...well..it is? http://finance.yahoo.com/q/bc?s=MSFT&t=1y [yahoo.com]

Re:Who would have guessed... (1)

f97tosc (578893) | more than 9 years ago | (#12388490)

All stock movements are surprises. Predicted changes in corporate profits do not lead to a change of stock value.

Tor

Re:Who would have guessed... (3, Funny)

th1ckasabr1ck (752151) | more than 9 years ago | (#12388536)

We need a moderation for "no basis in reality".

Re:Who would have guessed... (1)

FidelCatsro (861135) | more than 9 years ago | (#12388542)

Me ... and thats why im off to eat my lobsters

Re:Who would have guessed... (4, Insightful)

fsmunoz (267297) | more than 9 years ago | (#12388551)

Even more disturbing, who would have guessed 5 years ago that /. would be filled with Apple fanboys while Free Software zealots decrease in number? :)

Re:Who would have guessed... (1)

AVIDJockey (816640) | more than 9 years ago | (#12388569)

Heh right, they're "only" 80 million off.

They probably spend that much on complementary soft drinks for their employees.

Re:Who would have guessed... (2, Insightful)

RzUpAnmsCwrds (262647) | more than 9 years ago | (#12388573)

"Who would have guessed 5 years ago that Apple would be Wall street's darling and growing its stock by leaps and bounds while Microsoft software is languishing its stock is stagnant and not meeting expectations?"

Microsoft grew earnings 5% over last year, a very impressive feat considering that they haven't released a new OS since 2001.

They are a mature company, and they have achieved market saturation in many of their sectors. Any growth at all is impressive.

Moreover, they still make about 3.5 times more revenue per year than Apple - without a strong hardware business.

Obviously. (5, Funny)

Asicath (522428) | more than 9 years ago | (#12388419)

Obviously it is because of linux!

Finally the giant is beginning to fall!!!

hmmm, only 9.6 billion left to go.

It Begins (0)

Anonymous Coward | more than 9 years ago | (#12388420)

The slide begins...

montreal (0, Troll)

montreal!hahahaha (880095) | more than 9 years ago | (#12388421)

are those canadian dollars? (muahahahahahaha)

Off by $0.08 Billion? (3, Interesting)

vraT (767544) | more than 9 years ago | (#12388423)

Seems like that isn't exactly poor performance since it's a) less than 1% below the projected sales and b) an increase from last year. I don't see the point.

Re:Off by $0.08 Billion? (1)

SunFan (845761) | more than 9 years ago | (#12388617)


Other companies miss by 1% and get skewered by wall street. What makes Microsoft so special? Their monopoly is actually quite fragile (only Microsoft isn't pushing an OSS operating system these days, for example).

Newsflash: (1, Insightful)

Evanisincontrol (830057) | more than 9 years ago | (#12388428)

Microsoft wrong: World is stunned!

Seriously, who cares? If any other company in the world missed their quarterly projection, it wouldn't be worth the lint in my pocket to know about it. Microsoft comes up short by less than a percent, and it's worthy of /.

Re:Newsflash: (0)

Anonymous Coward | more than 9 years ago | (#12388477)

/. is not really something to be "worthy". In case you haven't noticed, half of the stuff on ./ is either irrelevant or dupes. And the good stories are usually full of comments about how it would be better if it was Linux, all modded +5 informative.

Re:Newsflash: (1)

Foofoobar (318279) | more than 9 years ago | (#12388518)

Oddly enough, I feel the same about your opinion. :)

Re:Newsflash: (1)

enosys (705759) | more than 9 years ago | (#12388519)

It seems to me like some stories are here just to get Microsoft-hating people all excited.

Re:Newsflash: (1)

FidelCatsro (861135) | more than 9 years ago | (#12388596)

What your missing is the fact that it isnt the ammount but the fact .
This is the first time in a good long time this has hapend .

Failing by .003% or whatever is still failure .

This may mean nothing , but on the other hand it may mean that OSS is finaly starting to break through and effect things , or that apple is hitting home with their bussines plans .

We don't know exactly and its open to speculations and this is why its news on a site like slashdot .. so lets speculate

Re:Newsflash: (1)

SetupWeasel (54062) | more than 9 years ago | (#12388613)

You're wrong. Nintendo would likely get reported too. Followed by no less than three stories predicting their doom.

It might not make the main page, but it would be there.

MS is dying! (4, Funny)

Reaperducer (871695) | more than 9 years ago | (#12388430)

Time to start 20 years of "Microsoft is dying" trolls.

Just another way Microsoft is copying Apple.

Re:MS is dying! (0)

Anonymous Coward | more than 9 years ago | (#12388537)

Say there, can you spare a brother $3,500 for a loaded Apple 15" PowerBook G4 laptop?

Could be... (1, Interesting)

John Seminal (698722) | more than 9 years ago | (#12388546)

Time to start 20 years of "Microsoft is dying" trolls.

Just another way Microsoft is copying Apple.

It took me a while to grasp how much money Microsoft is making. 9.6 Billion dollars. $9,620,000,000.00. I wonder how many nations have a GNP less than what microsoft does in sales??

When Windows first came out, 3.1 was the version for me, I loved it. Before that I was stuck with DOS on my 386. Then Windows 95, I could not believe how beautiful it was, and 98, WOW all the support for multimedia and MMX. But ever since Windows 2000, my love of their product has been dying.

I dunno who is to blame more. Part of me puts the blame 100% on hackers who write viruses. There are a good number of people who blame microsoft for making a bad product. I guess the question would be, if Microsoft was making door locks instead of software, and their locks were crap, who would be responsible for breaking into a house? If everyone knew MS locks = stick a plastic butter knife and unlock, would that make the hacker any less criminal for breaking and entering.

But that is not the point. Microsoft does not offer me the product I want.

And then, with the Slashdot story a few days ago of discovering Microsoft is not only lobbying for their buisness interests (staying a monopoly) but also on social issues I decided I am through buying their product.

Damn, I wish IBM's OS/2 stayed alive. Looking back on 1992, if only it would have caught on, maybe we would have had a choice when it comes to an OS. Instead, we have linux which is being sued. What real choice does a buisness have? Use linux and risk being sued? Pay an outrageous license for unix? We needed OS/2 as a second legitimate choice for the X86 platform.

Re:Could be... (1)

netsharc (195805) | more than 9 years ago | (#12388586)

Win2000 was great, it was really stable, it doesn't have candy GUI and activation and other bullshit. But everything afterward has been bad. WinME (hahaha), and XP with its CPU-eating candy GUI, activation, and many many worms.

Re:Could be... (1)

John Seminal (698722) | more than 9 years ago | (#12388612)

Win2000 was great, it was really stable, it doesn't have candy GUI and activation and other bullshit. But everything afterward has been bad. WinME (hahaha), and XP with its CPU-eating candy GUI, activation, and many many worms.

Jesus, don't start with Windows ME. I don't know what that crap was, but it was not an operating system. I had a neighbor in college who purchased a HP computer with Windows ME on it. I have never in my life seen as many blue screens of death as on that OS. I have seen her cry many nights when her computer froze before she had a chance to save her work.

Re:Could be... (0)

Anonymous Coward | more than 9 years ago | (#12388640)

I know it's crying over spilt milk... but I bought OS/2. The ghost of Beos seems to still be alive an kicking. At least server-side, FreeBSD is great, if it runs on your hardware. Have you looked at Solaris x86 lately? Honestly, I haven't but I think it's been getting better. There seems to be at least a few options for existing hardware. We're not totally screwed although there is no clear winner that solves all of our problems.

I'd say just buy Mac's for all your desktop folks, but I really don't know. I'm hesitant because of my x86 investment, nervous about Apple's monopoly in the Apple sphere of reality, lack of software. But it may be a viable upgrade path. Then there's the ongoing improvement of some opensource projects like Firefox, OpenOffice, etc. You can be migrating away from MS slowly, replacing apps on the XP desktop, then at some point move the OS to an alternative and since there will be the same apps it won't really be a shock.

Re:MS is dying! (4, Funny)

stefanlasiewski (63134) | more than 9 years ago | (#12388563)

Bah, Apple.

Microsoft borrowed the "is dying" part from FreeBSD, just like the Windows network stack! :)

*ducks*

SCO's Follower? (0)

Anonymous Coward | more than 9 years ago | (#12388434)

Someone smells SCO here?

Yup (0)

Anonymous Coward | more than 9 years ago | (#12388438)

They'll be going under any day now. Open Source is teh winner!!

Gates and his H-1b habit (-1, Troll)

Baldrson (78598) | more than 9 years ago | (#12388441)

Hewlett-Packard was the founding company of Silicon Valley and it has become nothing more than a printer supply company [businessweek.com] Sun Microsystems, the main server company for big Silicon Valley has seen its stock plummet by a factor of 20 [yahoo.com] .

Both of these companies were not just major users of H-1b and outsourcing -- they were the leaders of this trend.

Now we have Bill Gates [slashdot.org] jonesing [wordwizard.com] for an unlimited H-1b fix [slashdot.org] to his software that is already a veritable cornucopia of ecological foment comparable only with the body of an AIDS patient in advanced stages of neuropathy.

Again, Microsoft isn't just another H-1b user -- its a mainline corporate junkie of the H-1b fix that's proven only to put stockholders in a fix.

This isn't ironic or puzzling -- it is entirely predictable and it was predicted by people who are now going to take the information industry back from the brainiacs who thought they were being very clever and cosmo and, above-all, fashionable, by throwing open the doors of the US to the world.

Ever since Scott McNealy said [nyud.net] :

I am fighting with our government to allow H1B visas cap to be raised. I was in at the White House talking to the chief of staff to get the H1B visa cap raised. We already half way through the fiscal year, capped out on the number of really bright Israelis and Indians.
It has been downhill for Sun as well as the entire computer industry.

First Sun.

Then HP.

Now Microsoft.

Guess what, suckers?

You lose.

Re:Gates and his H-1b habit (-1, Troll)

Anonymous Coward | more than 9 years ago | (#12388487)

Yes, this is totally true. Only Americans can write code. What the hell was Bill Gates thinking?

Neve mind the fact that windows was a super-mess WAY before H1b was even an issue. I think you're just an out of work loser, and bitter at all those smart Israelis and Indians.

Re:Gates and his H-1b habit (0, Flamebait)

MrAnnoyanceToYou (654053) | more than 9 years ago | (#12388492)

Is it not mildly possible that, rather than Red-Blooded, uber-aggressive, and possibly even slightly overconfident Americans are not the source of this phenomena, and rather that this particular problem is a result of the inherently fickle nature of the industry these companies are in and the business world in general?

Not to mention, of course, the fact that 9 billion isn't really a piddly number.....

Re:Gates and his H-1b habit (1)

huber (723453) | more than 9 years ago | (#12388560)

s it not mildly possible that, rather than Red-Blooded, uber-aggressive, and possibly even slightly overconfident Americans are not the source of this phenomena No.

How ironic (1)

zoogies (879569) | more than 9 years ago | (#12388442)

And I just saw an article about how Microsoft's profits rose....

Re:How ironic (1)

abandonment (739466) | more than 9 years ago | (#12388630)

i could have swore i saw the same article only a few days ago.

on gamesindustry.biz there is another article saying how the xbox division is back in the red as well - when the previous article claimed that the reason that microsoft's profits were 'record high' was BECAUSE of the game division...

very strange...

It's (0)

Anonymous Coward | more than 9 years ago | (#12388445)

Evidence it's the year of Linux!

You must be kidding! (0, Troll)

Anonymous Coward | more than 9 years ago | (#12388449)

What, did they really stop cooking [arstechnica.com] their [aaxnet.com] books [windowsitpro.com] after the government told them to stop? (That would certainly be a first!)

My theory is they just didn't cook them quite long enough this quarter.

Ha! (5, Funny)

allanc (25681) | more than 9 years ago | (#12388452)

Your revenue increased, but slightly less than you expected it to be!

Take *that*, evil empire!

Re:Ha! (0)

Anonymous Coward | more than 9 years ago | (#12388631)

These types of stories always seem to attract an endless number of dimwits like you.

http://finance.yahoo.com/q/bc?s=MSFT&t=5y [yahoo.com]

With the decreasing revenue guess where that chart is heading dummy? The MS execs who have been unloading their shares as fast as they can in the recent year sure do...

haha (2, Funny)

Anonymous Coward | more than 9 years ago | (#12388454)

LOL, take that Microsoft! ONLY 9.62 BILLION dollars! How you like dem' apples?!?

It sux to be them.

And for a different take . . . (4, Interesting)

PIPBoy3000 (619296) | more than 9 years ago | (#12388457)

There's also this Register [theregister.co.uk] piece, which has a different take on things.

Interesting to me was this quote:
Microsoft said that its home division - which includes Xbox - turned a profit for the first time, as did MSN.

Re:And for a different take . . . (1)

Osrin (599427) | more than 9 years ago | (#12388493)

... even though that register story is from Jan 27th, and quotes John Conners, the now departed CFO?

Re:And for a different take . . . (1)

WillAffleck (42386) | more than 9 years ago | (#12388511)

There's also this Register piece, which has a different take on things.

As a shareholder, I found the Register article pretty disturbing, in that the profit for the home division was described as a "one-off" for Halo, and not likely to re-occur.

Basically, if MSFT hadn't drastically cut R and D by half, they would have lost money. Maybe that's why Bill was asking for no caps on H1-B visas - they can't afford to pay real salaries.

Re:And for a different take . . . (1)

YU Nicks NE Way (129084) | more than 9 years ago | (#12388568)

Unfortunately, you didn't notice two things:

(1) That was the register report on the results from the second quarter, released three months ago

(2) The alleged $1b cut in R&D expense was actually due to a $1b increase in R&D expense in the year before quarter.

how much more market saturation can they get? (4, Insightful)

John Seminal (698722) | more than 9 years ago | (#12388459)

Three months ago, the software giant said it expected revenue for the period to come in between $9.7 billion and $9.8 billion. But when the company released results Apr. 28, it came up short. Microsoft (MSFT ) rang up just $9.62 billion in sales, a 5% increase from the year-ago quarter.

So, if sales went up 5% from last year, how much higher can it go? How many more copies of windows do they need to sell? Or will Microsoft metamorpahsize into a service company? It was not that long ago I was reading that MS was going to stop selling Office, and start renting it. Only way to use it is to be on-line or something dumb like that.

Stegosaurus With Hangnail (0)

Anonymous Coward | more than 9 years ago | (#12388466)

"...the software giant said it expected revenue for the period to come in between $9.7 billion and $9.8 billion. But when the company released results Apr. 28, it came up short. Microsoft rang up just $9.62 billion in sales..."

Sounds pretty dire, alright.

Bill's gonna hafta start tightening his belt, no doubt.

Earnings up by 160%, revenue projection... (4, Informative)

Osrin (599427) | more than 9 years ago | (#12388468)

... missed by 0.009%. MSFT stock up by 3.48% on the day. Oh my! this is quite the story. I'm not quite sure that the lead story quite captures the essence of it though.

Re:Earnings up by 160%, revenue projection... (4, Informative)

OverlordQ (264228) | more than 9 years ago | (#12388495)

But the story meets the criteria of slashdot stories

A) Involves Microsoft
B) Shows Microsoft did something wrong

Rouding Error (0)

Anonymous Coward | more than 9 years ago | (#12388470)

At this level of revenue, the amount they missed by is practically a rounding off error. BFD.

$80 million (2, Insightful)

rookworm (822550) | more than 9 years ago | (#12388480)

while $8E7 is a lot to us mortals, they were only off by less than 1%. What is the big deal?

Re:$80 million (2, Insightful)

Rude Turnip (49495) | more than 9 years ago | (#12388532)

It's not a big deal. Here's the thing. If you're the kind of person that even blinks an eye when reading news like this, then you have no business buying stocks. Go get yourself a 2% FDIC-insured savings account. In the grand scheme of things, you only make money in the stock market if you invest for the long term and keep a diversified and balanced portfolio.

is this really significant ? (3, Insightful)

for_usenet (550217) | more than 9 years ago | (#12388483)


So we're talking about an 80 million dollar miscalculation, out of 9.7 billion dollars (just over 0.8%). I know these are big numbers, but in the grand scheme of statistics, is this more than just a statistical anomoly? Or are the accounts not even supposed to be that little bit wrong ?

I would love to see MS taken down a notch or two, but I have a hard time believing this is more than just wishful thinking on the part of some parties. If we see more than a 1% reduction in successive quarters, then I'll agree we're onto something. But till that time, I'll just keep hoping ... ;-)

I feel sorry for MS (2, Funny)

pretentiousPPC (618549) | more than 9 years ago | (#12388489)

Darn, instead of a HolyOhMyFuckingGod!!-Truckload of cash they just made a simple OhMyFuckingGod!!-Truckload this quarter

Well sucks for them...I guess.

Ouch (1)

ThatWeasel (113982) | more than 9 years ago | (#12388494)

Ooohhh... that is going to hurt my MSFT stock... sigh.

JUST $9.67 Bill?? (1)

Serff (183148) | more than 9 years ago | (#12388496)

poor M$, they only made $9.67 Billion...now longhorn is going to slip another year. Good thing I got Tiger to hold me over...;)

If they could only hire more Indian programmers (0)

Anonymous Coward | more than 9 years ago | (#12388499)

...all would be OK. Sorry, not drinkin' that kool-aid Bill...

I fucking hate (1)

Timesprout (579035) | more than 9 years ago | (#12388508)

when I lose .08 billion a quarter like that

meh (1)

JahToasted (517101) | more than 9 years ago | (#12388509)

only 80 mil short. Bill must have at least that in between the cushions of his couch.

Why is this news? (2, Funny)

Spy der Mann (805235) | more than 9 years ago | (#12388510)

(9.8-9.62)/ 9.7 = 0.18/9.7 = .018556

Oh wow, Microsoft's sales got overestimated by 1.8%. This _MUST_ appear in Slashdot!</sarcasm>

Re:Why is this news? (1)

WillAffleck (42386) | more than 9 years ago | (#12388527)

Because MSFT has never overestimated profits, only underestimated.

Sadly, it's more a commentary on the market, than it is on MSFT.

[caveat - I own MSFT shares - and RHAT too]

Re:Why is this news? (1)

R.Mo_Robert (737913) | more than 9 years ago | (#12388565)

No, no, you've horribly underestimated. It's 1.9%.

Re:Why is this news? (1)

cant_get_a_good_nick (172131) | more than 9 years ago | (#12388578)

Microsoft consistently underestimates sales, to make them seem stellar when they break targets consistently. This is much bigger than the 1.8% would indicate.

Also, MS has been known to shuffle funds around to have consistent earnings growth, to appear to be a very non-volatile investment. This would appear to be a huge reversal from that.

Re:Why is this news? (0)

Anonymous Coward | more than 9 years ago | (#12388608)

Not to mention the fact that the summary completely neglects the fact that Microsoft doubled its profits from a year ago, which is the more important thing.

Despite the dire treatment that slashdot's giving this news, MSFT shares rose 3.48% today. Doesn't that say something about where investors think Microsoft is going?

Just when you think slashdot has scrapped the bottom of the barrel for anti-Microsoft news, it manages to dig out a little bit more.

Been there (1)

Locke2005 (849178) | more than 9 years ago | (#12388529)

So, why didn't Bill just pull $80 million out of his wallet and slip it into the till to make it balance? He must carry at least that much in spare change! (Anybody who doesn't understand what I'm saying has obviously never worked as a cashier. ;-)

Re:Been there (2, Interesting)

Grey Ninja (739021) | more than 9 years ago | (#12388615)

I've worked as a cashier, but I've most certainly never put money in the till to make the balance. Usually on my shifts, I was never off by more than a dollar, and usually under $0.20 (giving away pennies, etc). The company I worked for didn't expect a perfect balance ever. It was only when the amount was significant that any sort of investigation was done. (for example, being $10 short would warrant a review of the security tapes)

Re:Been there (0)

Anonymous Coward | more than 9 years ago | (#12388622)


"So, why didn't Bill just pull $80 million out of his wallet and slip it into the till to make it balance?"

Because that would be illegal to do, without reporting it appropriately. And while the gray-area stuff is fairly easy to weasel out of (like the anti-trust cases), accounting impropriety could actually land people in prison and cause the corporation to be delisted, they could face lawsuits from investors, etc.

Keep in mind that while MS is huge, the combined power of some of their investors could still dwarf them.

You don't mess with financial reports when you are a public corp.

Mewahaha (1)

FidelCatsro (861135) | more than 9 years ago | (#12388531)

I do so love to revel in the misery of microsoft mewahaha .
Instead of being Alot richer than last year , they are slightly less alot richer than expected... um Mewahahaha

Awwwwwww... (1)

xv4n (639231) | more than 9 years ago | (#12388547)

Poor little guys!!!! They expected to get $9.8 billion and only got $9.6 billion. Awwwwww....

This is sick (0)

Anonymous Coward | more than 9 years ago | (#12388550)

What a nasty slashdot "I hate MSFT" title/post. Stockholders were more than pleased as MSFT jumped 3.48% today on the news: http://finance.yahoo.com/q?s=msft [yahoo.com] . This article and how its worded is pretty twisted.

vafrous.com [vafrous.com]

Poor Microsoft. (1)

t0ny747 (849486) | more than 9 years ago | (#12388556)

Poor Microsoft, we should stop giving our money to the homeless people and start donating to Microsoft.

still impressive (0)

Anonymous Coward | more than 9 years ago | (#12388558)

That's still 9.62 billion more than what I made in that quarter.
Being a code monkey just doesn't pay what it used to. :(

So it's true what they say... (0, Troll)

Darvin (878219) | more than 9 years ago | (#12388559)

$9.62 billion in sales...

So it's true what they say about microsoft, they DO make a doller out of every bug, crash and problem...

Why this is happening, IMO (2, Interesting)

rice_burners_suck (243660) | more than 9 years ago | (#12388574)

It's not a surprise at all that Microsoft missed their quarterly revenue projection. After all, the company is very accustomed to basically controlling the marketplace and dictating their terms upon their customers. The quarterly projections must have accounted for nearly everybody still using prior versions of Windows to be using Windows XP or Windows Server 2003. They expected tons of sales of the newest Microsoft Office. However, many sysadmins and IT departments are wary of further "upgrades" due to the problems posed by them. Many users who have Office 2000 continue to use it because newer versions, despite their glossy advertisements, really offer nothing new for this type of work. Other users, such as most employees at this company that used to use MS Office, are discovering OpenOffice.org and discovering, for various reasons, that they actually like it better. Essentially, many companies are slowly migrating away from Windows and Office, finding that other software out there is quite capable of doing the job without all the hoopla.

In our organization, spending on software has declined almost to nothing. We no longer buy MS Office products because OpenOffice.org has eliminated the need to do so; all of our critical infrastructure runs on Linux and FreeBSD; and the desktops and workstations that run Windows continue to run the same versions of Windows that originally came on those workstations. Therefore, we use Windows 98, Me, and XP Personal, which came on several eMachines we bought for office use. And the funniest thing is that while the Linux and FreeBSD boxes continue to use the latest stable and release versions of the OS and software, the Windows boxes have not been upgraded, and there are no plans to do so. It would only be costly, and would offer us nothing in exchange. And I believe the same applies to countless organizations the world over. People will simply not continue to upgrade hardware and software forever.

That, my friends, is why Microsoft missed its quarterly revenue projection.

it dont matter (2, Informative)

micromuncher (171881) | more than 9 years ago | (#12388599)

If Microsoft were a blue chip stock, this would be important. BUT ... Microsoft is a commodity stock - so missed earnings are pretty much irrelevant - because until recently Microsoft has not paid a dividend, and investment stocks usually react differently to bunged projections (cause it means you didn't get paid.) All Microsoft has to do is announce some vapourware and the stock price goes up. Such is the nature of commodities.

missed by --||-- that much (0)

Anonymous Coward | more than 9 years ago | (#12388607)

woah nelly, missed it by 80 million out of 9.7 billion, the sky is falling!

It's been a year of bad news for MSFT (1)

jeblucas (560748) | more than 9 years ago | (#12388611)

Seriously. I can't think of a really good thing that came out of Redmond for the last quarter. They were exposed as SCO supporters [slashdot.org] and badmouthed by IBM, they paid an enormous fine to the EU [slashdot.org] for anti-trust shenanigans, they came out as bizarrely anti-consumer [slashdot.org] ("Communists!") just as Firefox started making news (cover of Wired, NYT articles, &c). Nevermind the new bouts of worms and SP2 screwups [slashdot.org] that booched a bunch of companies. Roll all this up in a delay for their next-gen OS [slashdot.org] while Apple starts KILLING everyone with iTunes/iPods/mindshare penetration and you have a recipe for crappy sales. It's amazing it's not worse.

Pointless (0)

Anonymous Coward | more than 9 years ago | (#12388627)

Is it just me or does this mean absolutly nothing. Oh no they are short by $100 million. In MS terms that amount of money is the equivilant to someone who makes $80 000 a year but only got $79 990 this year for some strange reason. It means absolutly nothing. Hell its not even profit, its revenue so it means even less. Even though this wouldn't be the first time that slashdot has posted a front page article that means less then nothing but common. I know this has been like a first or something but its not really even important. I can't believe someone actualy had enough time to waste to actually write an article on something so pointless. Never in my life have I heard people complain that a company only made 9.6 billion in revenue.
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