Microsoft reports first loss as public company
AP: Microsoft said that an accounting adjustment to reflect a weak online ad business led to its first quarterly loss in its 26 years as a public company. The software company had warned that it was taking a $6.2 billion charge because its 2007 purchase of online ad service aQuantive hasn’t yielded the returns envisioned by management.
Photo: In this June 18, 2012, photo, Microsoft CEO Steve Ballmer comments on the Windows 8 operating system before unveiling its new Surface. (AP Photo/Damian Dovarganes, File)

Microsoft reports first loss as public company

APMicrosoft said that an accounting adjustment to reflect a weak online ad business led to its first quarterly loss in its 26 years as a public company. The software company had warned that it was taking a $6.2 billion charge because its 2007 purchase of online ad service aQuantive hasn’t yielded the returns envisioned by management.

Photo: In this June 18, 2012, photo, Microsoft CEO Steve Ballmer comments on the Windows 8 operating system before unveiling its new Surface. (AP Photo/Damian Dovarganes, File)

Notes

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    That was a good run, regardless. Whoa
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    Wow.
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  9. breakingnews posted this