NEW YORK (Reuters) – Microsoft Corp reported its first quarterly loss as a public company on Thursday as it took a previously announced hit for writing down the value of its ailing online unit, but held up better than expected in the face of stagnant computer sales.
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You have got to be kidding me. For a company this rich, and with smart employees, and so much technical capital, to finally post a loss after so long.
It’s a slap in the face to shareholders.
Granted, the company has doubled net income over the past seven years, and ROE ratios are outstanding, but everything they have been doing has fallen flat to make the shares more attractive to the investing public.
Having a loss appear out of the blue like this can only make the company’s management continue to look incompetent.