Noddit

http://newyug.blogspot.com – Thursday, Redmond, Wash.-based software giant posted worse-than-expected results for the second quarter, missing earnings by 11%. The company blame the performance on falling sales of PCs. MSFT (Microsoft Corporation) dramatically revenue and earnings miss Thursday validate its decision to expand beyond its core software franchise. Analysts said Microsoft must pull out of the profitability of its other projects, including in their attempts to become a force in online advertising. Hernández said that part of the reason why investors pushed Microsoft shares to a 11 year low after the earnings announcement - shares closed 11.7% lower at $ 17.11 - was because they were concerned about the company's revenue mix. Read »