General
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Written by Gizmo
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Monday, 27 April 2009 10:35 |
By Peter Burrows - BusinessWeek
There's little sunshine coming from Microsoft, as it reported its
first year-over-year quarterly sales decline and expects a "slow and
difficult" recovery
There was little optimism in remarks by Microsoft executives when they reported fiscal third-quarter results on Apr. 23. Chipmaker Intel had said the PC business had bottomed when it announced earnings on Apr. 14. A few days later, IBM gave investors glimmers of hope that the economy may be turning around. And whole divisions of Apple seemed to shrug off the recession entirely when the company's results soundly beat analysts' estimates on Apr. 22.
Microsoft, the world's largest software maker, is seeing no such rays
of sunshine. In an Apr. 24 call with Wall Street analysts, Microsoft
Chief Financial Officer Chris Liddell
sounded downright morose. "We remain more cautious than most," he said.
"While we'd all like to hope that the recovery will be short and
painless, we unfortunately think it will be slow and difficult."
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