MS slashing jobs sales down

http://finance.yahoo.com/news/Wall-Street-opens-lower-on-apf-14126679.html

NEW YORK (AP) -- Worse-than-expected economic data and disappointing results at Microsoft Corp. sent Wall Street sharply lower Thursday, extending a new streak of stock volatility into a third day. The Dow Jones industrials fell more than 150 points.

Microsoft surprised investors by reporting its fiscal second-quarter earnings early -- and the news was not good. The software giant posted an 11 percent drop in profits and said it will slash 5,000 jobs over the next 18 months.

The Labor Department said the number of first-time jobless benefit claims jumped to a seasonally adjusted 589,000 in the week ended Jan. 17 from a revised 527,000 the previous week. Economists polled by Thomson Reuters, on average, forecast claims would increase to 540,000.

"Unemployment numbers are bad, and might get a little worse," said Roy Williams, chief executive of Prestige Wealth Management Group. "Everyone is in a defensive mode right now."

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This isn't usually my kind of thing, but I've seen at least a dozen threads on the same exact thing how Sony is having tough times. Wake up haters, everyone is having to revise and re-strategize their business right now. It tough times all they around. Hopefully people keep in mind gaming offers some of the best entertainment for your money spent, so as a gamer myself I hope the gaming industry can come out of this without too much loss.

Microsoft is in the same **** as sony.knight-k

[QUOTE="knight-k"]Microsoft is in the same **** as sony.-DrRobotnik-

good bye xboxDaBrainz

[QUOTE="DaBrainz"]good bye xboxFirstDiscovery

Do you all not know how to read or research? They made 4.17 Billion in profits acsguitar

5000 job cuts,... is just as bad or even worse than what's going on with sony.knight-k

Are you insane? Have you actually looked at the news or are you just spouting fanboi garbage.

How can you possibly call a drop in profits comparable to a loss of billions?

[QUOTE="knight-k"]5000 job cuts,... is just as bad or even worse than what's going on with sony.gensigns

Are you insane? Have you actually looked at the news or are you just spouting fanboi garbage.

How can you possibly call a drop in profits comparable to a loss of billions?

[QUOTE="FirstDiscovery"][QUOTE="DaBrainz"]Yes something that just made a 175m profit in Q2 09:|knight-k

Do you all not know how to read or research? They made 4.17 Billion in profits acsguitar

Um yes I can read and interpret what I'm reading. MS made 4.17 billion. They posted an 11 percent drop in PROFITS. Meaning they still made alot of money. They made 4.71 billion last year.

Understand yet?

Both Microsoft and Sony are screwed, completly screwed, and they both jumped in it themselves. And what I find funny is how the smallest console Wii is still selling and Nintendo is kicking them both square in the balls, haha! Honestly though both of them acting like idiots, Sony dropped themselves in it way before microsoft but still both going to end up like each other.stike22

Again how is a company that made 4.17 billion screwed?

Do you all not know how to read or research? They made 4.17 Billion in profits acsguitar

Unfortunatly its no that simple. MS is a public company and stock holders don't care about profits, they care about increasing profits. If the bottom line is staying the same or decreasing from year to year its a bad buy plain and simple.

[QUOTE="acsguitar"]Do you all not know how to read or research? They made 4.17 Billion in profits DaBrainz

Unfortunatly its no that simple. MS is a public company and stock holders don't care about profits, they care about increasing profits. If the bottom line is staying the same or decreasing from year to year its a bad buy plain and simple.

good bye xboxDaBrainz

[QUOTE="acsguitar"]Do you all not know how to read or research? They made 4.17 Billion in profits DaBrainz

Unfortunatly its no that simple. MS is a public company and stock holders don't care about profits, they care about increasing profits. If the bottom line is staying the same or decreasing from year to year its a bad buy plain and simple.

its not good news. But to say they are "Screwed" is rediculous. They lost money because of Vista. Windows 7 will prop them back up.

[QUOTE="knight-k"][QUOTE="FirstDiscovery"] [QUOTE="acsguitar"]Do you all not know how to read or research? They made 4.17 Billion in profits acsguitar

Um yes I can read and interpret what I'm reading. MS made 4.17 billion. They posted an 11 percent drop in PROFITS. Meaning they still made alot of money. They made 4.71 billion last year.

Understand yet?

[QUOTE="acsguitar"]Do you all not know how to read or research? They made 4.17 Billion in profits DaBrainz

Unfortunatly its no that simple. MS is a public company and stock holders don't care about profits, they care about increasing profits. If the bottom line is staying the same or decreasing from year to year its a bad buy plain and simple.

5000 job cuts, 5000 people who maybe won't be able to pay their rent, loans,... understand yet? And you're saying they're doing good because they have a profit?! If so why are they cutting so many jobs? No MS also feels the economical problems of today. Both are in the same ****.knight-k

So the gaming industry was never immune from the economical crisis.... Oh well, thats a nasty amount of job losses.skrat_01

Um circuit city is cutting 32k

[QUOTE="knight-k"] 5000 job cuts, 5000 people who maybe won't be able to pay their rent, loans,... understand yet? And you're saying they're doing good because they have a profit?! If so why are they cutting so many jobs? No MS also feels the economical problems of today. Both are in the same ****.blue_hazy_basic

[QUOTE="blue_hazy_basic"][QUOTE="knight-k"] 5000 job cuts, 5000 people who maybe won't be able to pay their rent, loans,... understand yet? And you're saying they're doing good because they have a profit?! If so why are they cutting so many jobs? No MS also feels the economical problems of today. Both are in the same ****.knight-k

[QUOTE="knight-k"] 5000 job cuts, 5000 people who maybe won't be able to pay their rent, loans,... understand yet? And you're saying they're doing good because they have a profit?! If so why are they cutting so many jobs? No MS also feels the economical problems of today. Both are in the same ****.Ninja-Hippo

[QUOTE="FirstDiscovery"][QUOTE="DaBrainz"]Yes something that just made a 175m profit in Q2 09:|knight-k

Do you all not know how to read or research? They made 4.17 Billion in profits acsguitar

every big company is in the same situation more or less Al3x_n90

16000 job cuts > 5000 job cuts, Sorry Sony wins the fail award.Dahaka-UK

[QUOTE="gensigns"]

[QUOTE="knight-k"]5000 job cuts,... is just as bad or even worse than what's going on with sony.knight-k

Are you insane? Have you actually looked at the news or are you just spouting fanboi garbage.

How can you possibly call a drop in profits comparable to a loss of billions?

knight-k has been owned so hard hes no longer replying

[QUOTE="skrat_01"]So the gaming industry was never immune from the economical crisis.... Oh well, thats a nasty amount of job losses.acsguitar

Um circuit city is cutting 32k

Hell look at Iceland, unemployment rose 45% in a month