Friday, July 24, 2009

MSFT disappoints

surprise, surprise.

from the Barron's Tech Trader blog:

Sales fell 17%, year over year, to $13.1 billion, missing the average $14.37 billion estimate by over a billion dollars. Profit per share was 36 cents, in line with estimates. The 36-cent result excludes 2-cents worth of capitalized R&D expense for Windows 7. Including that 2 cents, Microsoft actually missed estimates.

best comment on the post:

You’re very close MSFT. Just 2 or 3 more commercials away from turning this ship around.
Comment by sg, California - July 24, 2009 at 2:01 am

and here is the comment I made about MSFT in Tuesday morning's newsletter:

Seems to be trying to break some resistance here, and is testing the pre-panic levels of last year. Not a bad feat for a stock with no growth prospects of its own, whatever money it makes will be on the good graces of the economy at large. Anybody holding this thing since September ought to be pretty anxious to get their money back about now. I don't see any reason for this to get above 25 any time soon. 26, max.