Microsoft Slides After Sales Throw Doubt on PC Demand |
| Bloomberg - Apr 25, 2008 |
Microsoft Corp., whose Windows software dominates the personal-computer market, fell as much as 6 percent in Nasdaq trading after sales slumped, casting doubt on whether PC demand can hold up in a slowing economy.
The world's largest software maker reported a 24 percent drop in sales of Windows last quarter and forecast earnings that may miss analysts' estimates, breaking a streak of positive reports from Intel Corp. and Google Inc. More PC sales are coming from developing economies, where software prices are lower and piracy is more common, dragging down Windows revenue.
``Emerging markets have very high piracy rates,'' said American Technology Research analyst Donovan Gow. He recommends buying Microsoft shares, which he doesn't own. ``They're not paying for the copies of Windows on those PCs.''
Read Full Article from Bloomberg
- Posted: 2008-04-25 09:04:00
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