THE stock market oscillated and turned around wildly today, but lost among the storm is the fact that Microsoft fell below $20 for the first time in ages. its shares fell as low as $18.74 (MSFT 1-day range: $18.74 – $21.25). For perspective, Microsoft’s 52-week high is $36.72, so its value halved despite massive buybacks.
Like the Federal Reserve System, Microsoft does not tell the public the true (or full) story. it’s getting hard for Microsoft to maintain decent margins and the company is claimed (by some) to have been losing a fortune for years. Layoffs have already begun. █