Recession hits Bill Gates in the face

April 29, 2009 at 7:40 pm (Uncategorized)

Keira Wilsons blog ‘Recession hits Microsoft‘ lead me to an interesting article.

BizJournals.com on Thursday reported a 32 percent drop in its third-quarter profit to $3 billion, or 33 cents a share, compared to $4.39 billion, or 47 cents a share in the same period last year.

Redmond, Wash.-based Microsoft (NASDAQ: MSFT) reported revenue of $13.65 billion, down from the year-ago quarter’s $14.45 billion.

The company cited weaker personal computer and server markets and said it also took $710 million in charges.

Chief Financial Officer Christopher Liddell said market conditions are expected to stay weak through at least another quarter.

Microsoft also reported $290 million in severance charges connected with job losses, and $420 million of investment write-downs.

Is this the start of the end for our four eyed billionare???

Our Bill, back in the day

Our Bill, back in the day

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