"Microsoft today announced quarterly revenue of $18.06 billion for the quarter ended June 30, 2012. Operating income and loss per share for the quarter were $192 million and $0.06 per share. The financial results reflect the previously announced non-cash, non-tax-deductible income statement charge of $6.19 billion for the impairment of goodwill and the deferral of $540 million of revenue related to the Windows Upgrade Offer."
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Member since:2007-11-11
Uhhh...he says right there that they posted a loss, and he also posted the earning for Google, what more do you want?
Its not like the entire planet doesn't know MSFT is a total disaster right now, you have articles talking about "the lost decade" while Forbes names Ballmer worst CEO, Windows 8 looks like it'll be the second coming of MS Bob and they can't give away the WinPhone, so what else do ya wanna know?
"MSFT run by lousy CEO, company bleeds money, now for the weather...water is wet...back to you Chuck". Not really any more to say friend, its not like MSFT is gonna listen, or change direction, not as long as Ballmer and Sinofsky work there. When the board gets tired of flushing billions down the toilet (how many HAS Ballmer blown? 30? 40?) and punts Ballmer like a 30 yard field return THEN it'll be news, but MSFT sucking and lost since Ballmer took over? who doesn't know that?
Member since:2005-12-23
Member since:2006-07-04
Maybe Thom didn't make a big deal of it because he realizes that this "loss" is just on paper? The loss actually took place 5 years ago with a bonehead purchase of aQuantive; a 6 billion dollar purchase that resulting in no revenue.
Microsoft just happened to take the charge for that debacle this quarter; they could've done taken the charge for any of the previous 10 quarters or any of the upcoming 10 quarters. In other words, the aQuantive loss has nothing to do with the state of the company for this particular quarter; it reflects a stupid decision made years ago.
What really reflects the state of the company for this quarter is the record earnings (contrary to the rantings of bassbeast). Note that Wall Street ignored the "loss" (as the aQuantive charge had been announced weeks ago), and liked the record earnings which clobbered the expectations.
Edited 2012-07-20 05:50 UTC
Member since:2005-12-23
You clearly don't understand financial reports. Thom is actually one of the few news sites not to use that as a headline grabber / flame bait.
Microsoft has had an extremely profitable quarter. In fact, they were so profitable that they decided to write down the value of assets pertaining to a company it acquired back in 2007.
When stuff like that happens, you write down the value of those assets on the balance sheet. It does not represent a cash expense, it's just an accounting loss driven by a 2007 acquisition.
Member since:2011-05-19
Frankly, I preferred the pre-2001 situation, in which companies were allowed to amortize goodwill. The cost of an acquisition should be reflected over time, rather than taken as a lump-sum impairment.
By forcing goodwill to stay on the books until impaired, GAAP has set up a situation in which the accounting fails to reflect the actual economic situation, no matter which way you look at it. You can't look at GAAP results, because they claim that Microsoft lost money this quarter, which is obviously untrue. You can't use the non-GAAP results either, because they claim that Microsoft did not waste a penny on aQuantive back in 2007, which is also untrue.
Amortization has problems -- how long do you amortize over? But that can be solved with rules -- and after all, the whole point of GAAP is that it's rules-based while IFRS is principles-based. When the FASB threw out amortization entirely in 2001, they threw out the baby with the bathwater. They traded a flawed-but-logical situation for a completely ridiculous situation.
Edited 2012-07-20 17:12 UTC
So, the Xbox One disaster continues. Microsoft's policy for dealing with the used games market has reportedly leaked - and it's a clear and direct attack to destroy the used games market. Prices for used games will be set at the retail value of a new game, and retailers have to hook into Microsoft's computer systems and comply with Microsoft's terms and conditions.At an event earlier today, Microsoft unveiled the next Xbox - the third model, but confusingly named Xbox One. The big focus was TV, integrated Kinect, and all the other stuff we all expected to be forced down our throats. I think it took them 25 minutes to actually come to what should be the core of the story: gaming. Nothing groundbreaking in the gaming department, except for how Microsoft intends to handle the used games market and borrowing games from friends: pay up, buddy!
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OSNews is a sponsor of this year's O'Reilly OSCON in Portland, Oregon, USA. A lucky OSNews reader will win a free three-day pass, including two tutorials days. To win the pass, post a comment on this story saying something about Open Source Software or OSCON. We'll pick a winner at random next week. If you don't have an OSNews account, you may email us your entry. Part of the conference is the 9th annual Open Source Awards, and today the 16th is the deadline for nominations. If you'd like to nominate an outstanding open source contributor, do it here. Read on for more information about OSCON. Update: The 20% discount code for OSNews readers is "OSN."
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This is one of those news items that's fun to write, fun to read, fun to comment on, and where no one will be able to say anything unkind. It's all just one big ball of awesome fluffiness. TuneTracker, the BeOS radio automation software, has just released something very special: TuneTracker System 5, the first version designed entirely and specifically for Haiku. In fact, it actually includes Haiku in the software package. Better yet, TuneTracker also unveiled several system-in-a-box products - which have Haiku and TuneTracker pre-installed.
Exactly twenty years ago, a document was published that played a huge role in establishing the web as we know it today. Twenty years later, and this simple and straightforward document is proof of an irrefutable fact: while closed technologies can change markets, open technologies can change the world.Oh multitasking. That staple of computing that got thrown out the window with many modern smartphones. We got some rudimentary thing in its place - but even as multitasking on phone and tablets improves, its user-visible side remains cumbersome. Windows 8 has a neat implementation, and now it's time Android follows in it footsteps.They're here! Whether that excites you or not remains to be seen, but the Galaxy S4, which will most likely become the best selling Android smartphone of the year by a huge margin, has been reviewed by all the major sites, and there's lots of interesting conclusions in there - although I think most of you will get the gist.
Member since:
2006-04-09
Microsoft reports first loss in history and gets little to no attention from OSnews aka Thom's Blog. Riiiight...