“Microsoft Corp is expected to post a quarterly profit that misses its own target and announce thousands of job cuts this week as the global economic slump hurts even the technology industry’s biggest players,” Franklin Paul and Jim Finkle report for Reuters.
MacDailyNews Take: Except for one, boys, except for one: Apple demolishes Street with best quarterly revenue and earnings in company history in fiscal Q109 – January 21, 2009
Paul and Finkle continue, “The report comes against a backdrop of a wounded global economy that has stifled demand for everything from personal computers to business software and video games, all markets in which Microsoft is a significant player.”
MacDailyNews Take: Excuse us while we revel in the misery of a derivative and tasteless convicted serial monopoly abuser via repetitively linking to a blatantly contrasting recent news item: Apple demolishes Street with best quarterly revenue and earnings in company history in fiscal Q109 – January 21, 2009
Paul and Finkle continue, “Wall Street is looking for quarterly revenue of $17.1 billion, according to Reuters Estimates, also short of Microsoft’s own target of $17.3 billion to $17.8 billion.”
MacDailyNews Take: Numbers which, regardless of targets hit or missed, remain patently obscene as Microsoft’s products are so obviously inferior to competitors’, not to mention usually downright faulty.
Paul and Finkle continue, “With an eye on reducing costs, Microsoft is widely expected to announce that it will cut jobs… ‘Checks indicate that Microsoft is likely to engage in headcount reductions to the tune of 6,000 to 8,000 employees or 6 percent to 8 percent of its 95,000 workforce,’ said McAdams Wright Ragen analyst Sid Parakh. ‘Our checks also revealed some speculation over the potential for a second round of cuts in some groups sometime later in the year.’ Other analysts suggest the cost reductions may occur in the next few weeks and could also include more targeted cutbacks and attrition, rather than the big number of layoffs that some have speculated.”
Full article here.
Whatever will the trees, bushes, and clouds that lie just outside Microsoft’s windows do without the constant gaze of thousands of pairs of daydreaming eyes?
That said, we hope affected employees immediately find meaningful employment at well-managed companies that are not dedicated to idea theft and self-delusion in the service of pure evil.
As always, a toast: “May Steve Ballmer remain as Microsoft’s CEO for as long as it takes!”