"Hearing lots of rumors of more layoffs next week or the week after," says this new comment at Mini-MSFT, a blog occupied by many anonymous Microsoft employees. Previously, such claims from Mini-MSFT comments turned out to be true. This one is not an isolated claim, either. There are several others which we wrote about a few days ago in the context of layoffs. Microsoft results are coming shortly (to be misreported for sure) and given bad expectations from a Standard & Poor’s analyst and from Credit Suisse, these rumours make sense.
The Dow's worst performers include Microsoft (NASDAQ:MSFT) that is trading at $24.48 or -2.66% from the previous close. Shares of Microsoft, the maker of Windows operating software have defined support at $23.32 and resistance at $25.53.