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Microsoft Shares Drop 11%

April 28th, 2006 by Joseph Bittman MCSD .Net

 Microsoft’s stock price on the New York Stock Exchange (NYSE) has dropped 11% after reporting around a decreased earnings projection of about 11-16 cents less (can’t remember the exact numbers). This decreased projection is due to an extra 2 Billion dollars of spending on expenses to compete with companies like Google, and it will eat into the company’s profits.

 The stock price is currently $24.28. Also, the CIBC has downgraded Microsoft to “sector underperformer”. . . the CIBC also stated Microsoft “is spending like it’s 1999”.

Check out the stock price here:

Posted in MS News | 1 Comment »

This entry was posted on Friday, April 28th, 2006 at 11:49 am and is filed under MS News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response

  1. Patrick S Says:

    11%…man i should get in while the prices are low…they will prob increace when vista comes out (if consumers like the new OS that is)