| magik10 said: "Analyst forecasts for full-year net income have dropped 10 percent to $17.77 billion, while revenue projections are down 4.4 percent at $63.68 billion, according to Reuters Estimates."
If a company projected to make 17BILLION dollars worth of profits in one year feels the need to make reductions in this economy, imagine what companies that are going to be LOSING BILLIONS of dollars will be thinking of doing........ Any comment, Jo21? |
Actually, that's revenue, so their profits are probably only in the $10-$12 Billion range for the quarter. Ouch.
I love the responses like "even Microsoft is suffering." In these critical times, Microsoft can bearly scrape up $800m/week. Poor guys. Who's going to buy those platinum gem encrusted collars for their kid's dog's???
