Microsoft Sales Slip (NASDAQ:MSFT)
Source: http://www.favstocks.com/microsoft-sales-slip-nasdaq-msft/231466/Posted on Friday, October 23rd, 2009 | In Investing Lessons, Stocks to Watch
You can purely call it a Microsoft magic that despite their sales have gone down, their shares on the market have soared higher than what the analysts had expected. Currently, the software giant has announced that their quarterly sales and profit have slipped 14 percent from a year ago but still they have managed to beat the Wall Street’s forecast. Currently, Microsoft Corporation (NASDAQ:MSFT) shares are high on the market and have jumped about 10 percent in the premarket trading session on Friday morning.
Microsoft Corporation has been a global leader in the development, manufacturing, licensing and supporting a range of software products and services for different types of computing devices. The software products and services include operating systems for servers, personal computers and other intelligent devices. Basically, the company operates in five business segments and that is Client, Server and Tools, Online Services Business, Microsoft Business Division and Entertainment and Devices Division. Microsoft Corporation also provides consulting and product and solution support services. It trains and certifies computer system integrators and developers as well. On the entertainment front, Microsoft designs and sells hardware including Xbox 360 video game console and Zune which is a digital music and entertainment device.
Microsoft Corporation announced that they are still happy with their performance and that they were able to meet with the strong demand for Windows. The earning announcement came as an added bonus after the announcement of their new operating system, Windows 7 in the very same week. Many analysts say that Microsoft Corporation has been hurt financially because of the slumping demand for personal computers these days and they don’t think that the release of Windows 7 will do any good to the sales figures of Microsoft Corporation.
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 About Sandra Kitchen (http://www.favstocks.com)
Sandra has been avidly involved in watching the stock market and writing about the stock movements that interest investors. She specializes in small and mid-cap Biotech stocks with a main focus on public companies awaiting FDA approval of new drugs and/or products. Living in New York, with her family and pets, she stays up on the latest news from the New York Stock Exchange and the FDA. Her goal is to bring the news to investors from a fresh, unbiased, pure research point of view. |
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