Microsoft Surface RT Statement Brings on new Lawsuit

Resulted in huge losses for Microsoft shareholders, Microsoft is accused of issuing "materially false and misleading financial statements and financial disclosures for the quarter ended March 31, 2013,", this according to the suit filed today in a Massachusetts district court. The Surface RT tablet debuted in October alongside Windows 8. Last month, Microsoft revealed that Surface revenue was $853 million between Oct. 2012 and June 2013. That might not seem too shabby, but Microsoft recently incurred a $900 million charge for Surface RT inventory adjustments, and boosted advertising costs for Windows 8 and the Surface by $898 million. Read the full story here.



Comments

  • There are no comments yet. Be the first to comment!

Leave a Comment
  • Your email address will not be published. All fields are required.

Top White Papers and Webcasts

  • In recent months, the discussion around cloud has evolved from "Why cloud?" to "How do we migrate?" and "What should we move first?" In this whitepaper, Hostway Cloud Strategist Aaron Hollobaugh discusses 8 applications that are ripe for cloud deployment and how companies can safelymigrate to start enjoying the cost savings, scalability, and virtualization benefits of the cloud.

  • Many IT organizations are moving toward an infrastructure that's flexible, easily managed, and can respond quickly to business needs and help increase revenue. They are working to remove silos of systems and data and consolidate point solutions in order to increase efficiency. Answer a few simple questions about your organization and download a paper to learn more about the important role of data protection in this transformation and discover solutions that can help with your specific pain points.

Most Popular Programming Stories

More for Developers

Latest Developer Headlines

RSS Feeds