G+_Kevin Spitzer (JaguarXT Posted July 19, 2013 Share Posted July 19, 2013 Originally shared by Mike Elgan Microsoft's stock lost $32 billion in value today. Microsoft's stock dropped 11 percent today in the wake of a disastrous earnings report yesterday. The drop puts Microsoft's market value at $261 billion, down from a record high of $616.3 billion in December of 1999 (one month before current CEO Steve Ballmer took over). http://news.cnet.com/8301-10805_3-57594612-75/funky-friday-more-than-$32-billion-in-microsoft-stock-value-wiped-out/ Link to comment Share on other sites More sharing options...
G+_Dave McNally Posted July 19, 2013 Share Posted July 19, 2013 Lol! Link to comment Share on other sites More sharing options...
G+_George Magdaleno Posted July 20, 2013 Share Posted July 20, 2013 Netscape! Link to comment Share on other sites More sharing options...
G+_Garry McCaw Posted July 20, 2013 Share Posted July 20, 2013 It's inevitable when you try to monetise your customers too aggressively that they shop elsewhere. Link to comment Share on other sites More sharing options...
G+_Jeremy Baugh Posted July 20, 2013 Share Posted July 20, 2013 Time to fire Ballmer!!! Link to comment Share on other sites More sharing options...
G+_Tim Allen Posted July 20, 2013 Share Posted July 20, 2013 You can argue that Apple historically hasn't listened to customers, but they at least have listened when people stopped buying. If only Microsoft had done that much during the Zune era, they wouldn't be in this spot right now. Link to comment Share on other sites More sharing options...
G+_Eric Bohner Posted July 20, 2013 Share Posted July 20, 2013 No... everyone will love Windows 8 and the Metro interface! ... Ignore that all of the Beta testers panned it... stay the course... what could go wrong? Link to comment Share on other sites More sharing options...
G+_Cory Moyer Posted July 20, 2013 Share Posted July 20, 2013 I hate to play the apologist (especially for Microsoft!) but the article clearly states that revenue ROSE by a reasonable amount. I'm not saying that there aren't mistakes here somewhere, but it really shows just as much about how the stock market works as it does about Microsoft. Should the company pivot? Maybe. Should they take lessons where they can? Of course. However, they're still an insanely profitable company. They just happened to not reach expectations. It's not like they're suddenly circling the drain ? Link to comment Share on other sites More sharing options...
G+_Eric Bohner Posted July 20, 2013 Share Posted July 20, 2013 That's true... Microsoft would have to lose a LOT of money before they would be brought into the realm of a normal company. Link to comment Share on other sites More sharing options...
G+_Tim Allen Posted July 20, 2013 Share Posted July 20, 2013 Cory, in my opinion I think the most important point is the huge write-off they took on the Surface RT. That's the very essence of what they want their future to be and people overwhelmingly said no, we want the model with the real desktop. Yes, they can glide for a long time, but they will continue to loose relevance every year if they don't fix this. You can only ignore the red flags for so long. Link to comment Share on other sites More sharing options...
G+_Cory Moyer Posted July 20, 2013 Share Posted July 20, 2013 I'll agree with that, Tim. They placed a pretty big bet on the Surface RT and lost hard. It'll be interesting to see what they do there going forward Link to comment Share on other sites More sharing options...
G+_Rob Harrison Posted July 20, 2013 Share Posted July 20, 2013 Ballmer's gotta walk. Not that I care, what did Microsoft ever do for me. Link to comment Share on other sites More sharing options...
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