Bonum Certa Men Certa

The Ship is Sinking (One Side of It is Temporarily Sky High)

posted by Roy Schestowitz on Aug 06, 2024,
updated Aug 06, 2024

The Wintel ship:

The Wintel ship

Titanic band: People's pension funds

THE RMS Titanic (no connection to Richard M. Stallman, a completely different RMS) is sinking. As does a lot of the market, including the supposedly "most valuable" company, whose "shares tumbled more than 10 percent in early trading on Monday," according to the so-called "Journal of Record". Microsoft's shares are down 16% in a month because Microsoft Corp. the "vapourware" ("hey hi") giant does not really sell things except shares and empty promises. Microsoft's shares are down 16 percent in a month because Windows is floundering, the "clown computing" business seems to be losing billions, and "hey hi" (basically nonsense) investments brought Microsoft to the point of having just about 75B left in the bank (lowest in years) and far fewer workers, contractors, products, and projects. Microsoft, now 98B (billion!) dollars in debt (and very high interest rates to pay on this debt, which exceeds liquid assets) will soon announce more layoffs, just like Intel did.

“After issuing several press releases on PR Newswire, Microsoft told the service to stop issuing my press releases. Microsoft is PR Newswire’s largest client. [...] Microsoft fired its internal auditor, regularly bullies reporters and has told numerous publications that I am an extremist. This might explain why reporters are afraid to print the facts, for instance that Microsoft took a $9 billion tax deduction for wages in 1999 and didn’t charge a dime of this amount against earnings.”

--Bill Parish

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