11.13.08
Gemini version available ♊︎Microsoft (MSFT) Sank to $18.74 Before Rebounding
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. █
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aeshna23 said,
November 13, 2008 at 8:23 pm
Let’s hope that Microsoft is not profitable and that it’s not in a position to fight. It’s a little hard for me to understand how a company that has such market dominance is losing money. It shows quite a incompetence of the Microsoft leadership if this is the case. And yes Bill Gates could have been incompetent at running a large company even if he was shrewd at starting a large company. They are different skills. In fact, Gates has a far better excuse than Ballmer has now.
G. Michaels said,
November 13, 2008 at 9:11 pm
Is this ‘aeshna23′ another twitter sockpuppet? Only Roy knows, since he has access to the Apache logs and IP addresses.
Roy’s close collaborator just today was organizing another shill thread and referring to himself in the third person:
http://slashdot.org/comments.pl?sid=1028845&cid=25755391
More information on the disruption of Slashdot can be found here:
http://slashdot.org/~SockDisclosure/journal/214377
Note: writer of this comment adds absolutely nothing but stalking and personal attacks against readers, as documented here.
Michael said,
November 13, 2008 at 11:11 pm
MSFT (and NOVL) isn’t tracking really much different from the rest of the market … I wouldn’t want to have my money in anything right now. Things are looking pretty bad generally – there will be plenty of lay-offs everywhere in the next 6 months.
GMichaels – I don’t think anyone cares? Slashdot has been gamed so much it is no longer worth reading. One more individual who pointlessly bothers hardly makes a difference. Cyber-stalking and slanderous accusations aren’t very appealing either.
Linux said,
November 14, 2008 at 2:31 am
Google has sank from 700 to 300 in a year. Nothing new ..
Needs Sunlight said,
November 14, 2008 at 3:35 am
@aeshna23: MS probably is not profitable. Gates bailed as CEO in 1998 when the company ran a loss. Enron-style record keeping has kept the investors in the dark since then.
Regarding Ballmer, he’s never seemed qualified to be manager of anything let alone a high executive of a large company. His main qualification was having a college buddy that could hook him up with a cushy job.
@Roy: can you just delete comments and accounts that yammer against Twitter? They’re just part of the “saturate” phase of the MS marketing tactic “saturate, diffuse and confuse”
Roy Schestowitz said,
November 14, 2008 at 3:43 am
Needs Sunlight,
We never delete any comments, but I’d considered rubbing off portions of the comments that are off-topic personal attacks on readers.