| mario64 said: Nobody said MS was doomed. It's still obviously a very profitable company. Nobody contests that. It's just the pace of the decline (-30% revenue) is slightly worrying, and even more worrying is the loss of market share in their core software businesses (OS, browsers, office...). Nothing more, nothing less. When General Motors started declining, nobody saw anything either, everybody said they would stay the number one, yet today they reached bankrupcy... What matter is the trend. |
Actually revenue fell by 17%... Similar to many companies right now.
Why do I know? I've read tons of recent earnings results. Here are some, from big companies which are representative:
http://www.123jump.com/market-update/Earnings-at-JP-Morgan-Up-36,-Marriott-Down-76/33772/ (list of several companies)
http://www.intc.com/releasedetail.cfm?ReleaseID=396473
http://finance.yahoo.com/news/Caterpillar-Delivers-prnews-3554008320.html?x=0&.v=1
http://finance.yahoo.com/news/TI-profit-outlook-beats-rb-1272622755.html?x=0&.v=4
http://www.reuters.com/article/marketsNews/idINN2050162020090720?rpc=44
http://www.reuters.com/article/marketsNews/idINN201260620090720?rpc=44
http://finance.yahoo.com/news/GE-Reports-2Q-09-EPS-of-26-bw-1147158010.html?x=0&.v=1
In fact, many companies are having 20-30% drops in revenue. The economy is that bad.
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