Journal twitter's Journal: M$ Misses Expectations Despite Good Hardware Sales. 12
Hardware sales are up 16% over last year for the second quarter due to deep hardware discounting. The hardware discounts did good things to M$'s bottom line but it was not enough to please investors.
Shares of Microsoft (NSDQ: MSFT) declined more than 8% in midmorning trading Friday after the company posted fourth quarter earnings results on Thursday that failed to meet analysts' expectations and provided future guidance that disappointed some market watchers.
For the fiscal fourth quarter 2008, ended June 30, Microsoft said sales increased 18% over the prior year to $15.8 billion. Net income rose 41% to $4.3 billion while earnings per share climbed 48% to 46 cents.
Notice that M$ protit growth was 2% ahead of the growth of the PC market, so they are taking a larger share of profits. Vista is still 20,000,000 units behind their second year sales goal.
Update: Heads roll over bad results. This looks like the beginning of a big downsize.
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The company saw solid growth in sales of its Windows Vista operating system, which helped its Client unit increase revenue 15% to $4.4 billion. Business sales of Microsoft's Office desktop suite jumped 19%.
Looks like they are doing fine in their core business. They are also seeing good growth in the server market. The only thing that looks worrying for them is 1) low consumer sales of Office, 2) Apple is coming very close to being the first serious threat to Windows. (I define something as a threat to windows if it has at least 10% market share.)
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Don't interrupt twitter, "M$" is dying.
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I'm sure twitter would, too.
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Thought so. Post some more so willyhill can add you to the list when he comes back. A new sock is always welcome.
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Hardware makers are going to liberate themselves or go under.
Liberate themselves? Come on. They don't fucking care.