This from Marketwatch: http://tinyurl.com/cph5r2
Microsoft profit declines, software maker to cut 5,000 jobs By Jeffry Bartash Last update: 9:13 a.m. EST Jan. 22, 2009 MSFT 19.38, +0.90, +4.9%) on Thursday reported an 11% drop in fiscal second-quarter profit and said it will cut 5,000 jobs as demand weakened for its Windows software. The Redmond, Wash.-based company also said it would cease giving per-share forecasts for the rest of 2009 because of the uncertainty caused by a slumping U.S. and global economy. In the final three months of 2008, meanwhile, Microsoft said earnings fell to $4.17 billion, or 47 cents a share, from $4.71 billion, or 50 cents a share, in the year-earlier quarter. Revenue edged up slightly to $16.63 billion from $16.4 billion from a year ago. Microsoft was expected to earn 48 cents a share on revenue of $17.1 billion, according to the consensus of analysts surveyed by FactSet Research. In premarket trades, shares of Microsoft sank as much as 7%. End of Story Richard P. ************************************************************************* ** List info, subscription management, list rules, archives, privacy ** ** policy, calmness, a member map, and more at http://www.cguys.org/ ** *************************************************************************
