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Wagram said:

DAMN, look how much Microsoft lost. No wonder there shareholders are pissed.


Those numbers have nothing at all to do with why MS' shareholders are unhappy.  They're upset because the ROI of MS' windows operation is something like 7 times higher than that of Entertainment and Devices and they think the money could be better invested elsewhere.

Investors never look at accumulated gains/losses from years past as a measure of how well the company is doing now, in the present.