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Microsoft News - Shares Drop a Drastic Six Percent |
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Written by Marco Fiori
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Friday, 18 July 2008 |
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It’s a mixed week for Microsoft. Their keynote speech at E3 was (argubely) the best of the big three. Then they went on to announce that their games division has recorded profit of $426 million for the first time since it was formed. Moments later shares fell 6% as projected earnings didn’t match up to the expected 0.49 (0.48 was the reality). This was down to a $488 million loss by the online division. Chris Liddell put it down to the credit crunch and the economic slowdown that’s accompanying it.
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Last Updated ( Friday, 18 July 2008 )
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