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  • Your email address will not be published.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

  • New IT trends to support worker mobility -- such as VDI and BYOD -- are quickly gaining interest and adoption. But just as with any new trend, there are concerns and pitfalls to avoid. Download this paper to learn the most important considerations to keep in mind for your VDI project.

  • Sixty-five percent of IT leaders Forrester recently surveyed said they are interested in or already using software-as-a-service (SaaS) for some portion of their collaboration technology portfolio. But many IT leaders – particularly those at very large organizations – are unsure whether standardized SaaS offerings from Google and Microsoft provide the flexibility they need. These concerns shouldn't prevent CIOs from moving collaboration tools off-premises. We find a burgeoning services sector that …

Most Popular Programming Stories

More for Developers

RSS Feeds

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