Microsoft just reported numbers early and boy are they bad. This is a company in dire need of a product cycle.
Operating expenses (R&D plus SG&A) were $5.8 billion in the quarter. OpEx at Apple by way of comparison was $1.4 billion and that little company had $10 billion in revenue for the 1st time and new products out the wazoo. Layoffs are coming at Microsoft as the value of all that spending is rightly being questioned. My guess is that all this puts a Yahoo transaction back on the table. Plus some more M&A down the road.
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