Microsoft Stock Drops 11% In a Day 467
Taco Cowboy writes with news that Microsoft's stock price dropped over 11 percent yesterday. The selloff was the biggest since 2009, and during the day the price was down more than 12 percent at one point, making it the biggest single day drop since April, 2000. Analysts believe the drop was due primarily to the company missing its quarterly earnings projections in addition to taking a massive, $900 million write-down on unsold Surface RT tablets. "Microsoft’s decline is both a consequence of the changing dynamics of the tech world and the incredible surge in its stock price this year. Shares in the maker of Windows had rallied nearly 30% this year, leaving both the broader stock market and the technology sector in the dust. It was, it seemed, Steve Ballmer’s year. Until Friday. The sell off was sparked by fears over the declines of the PC market. Gartner data show PC shipments fell for the fifth consecutive quarter in Q2, this time tanking 10.9% to 76 million units. Being the world’s largest software company, 'over 80% of its revenue and nearly all of its profits continue to be derived by its ubiquitous Windows OS, its server business (Windows Server), and the business division (Office),' according to UBS. And indeed that decline in the PC industry is hurting the company’s bottom line."
Re:It's not about the money (Score:5, Funny)
Yeah, everyone wants office on their tablets. I do, my daughters and wife do, and just think of how stupid all those iPad users are going to feel when they see cool, cool windows tablets running a cut-down version of the latest version of Office. Excel on a train? No problem. Outlook in a nightclub? Sorted. Word in a park? Job done! I just hope Access works on mobile too - that would be sweet! I'd never leave the house! That'd show those Android using chumps!
Re:It's not about the money (Score:5, Funny)
Windows Phone is growing faster in sales than Android and iOS. I don't think you know what you're talking about.
Re:Metro UI (Score:5, Funny)
I know a guy that has a zune and he loves it. Only one guy but hey, that's one happy customer.
Me, too! I didn't know you knew Glenn.
Re:Metro UI (Score:5, Funny)
You accidentally included your response inside the quote.
He's using RT. Proper closing tags are only available with the Pro.
Re:Metro UI (Score:5, Funny)
I did go to Youtube and search for "man cacti jump."
The internet delivers as promised.