Microsoft Takes It On the Chin, Loses All Profit for Last Quarter

Microsoft admitted yesterday that their largest acquisition to date in the Internet sector was basically worthless and with that, killed any bottom line profit they have earned for the last quarter. They number… $6.2 billion US in losses. Every penny of it a write-off however the online ad agency they purchased just five years ago, known as aQuantive, was originally expected to bring Microsofts online ad revenue up to that of Google. This brings their share value down to a measly $30.35 per share on the stock market and while nothing to shake a stick at, not quite what the plan was supposed to bring in. 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  • Your email address will not be published.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

  • Relying on outside companies to manage your network and server environments for your business and applications to meet the needs and demands of your users can be stressful. This is especially true as many Managed Hosting organizations fail to meet their service level agreements. Read this Forrester total economic impact report and learn what makes INetU different and how they exceed their customers' managed hosting expectations.

  • Organizations considering a cloud initiative need to closely consider network performance between users, applications and their cloud services. Private networks allow businesses to control how data moves between users and the cloud by providing guaranteed throughput and consistent latency. Download this informative Executive Brief now to find out more about delivering richer, higher quality services to business and retail customers while reducing costs.

Most Popular Programming Stories

More for Developers

RSS Feeds

Thanks for your registration, follow us on our social networks to keep up-to-date