Fascinating that this would be the "bright spot" in Microsoft's earnings report: "The [online services] unit lost $494 million in the quarter, the lowest loss in the last seven quarters, slowing the flood of red ink that has cost Microsoft more than $5 billion since it launched Bing in mid-2009, as it invests heavily to catch up with Google" So, the "good news" is "we only lost a half a billion this QUARTER on Bing/MSN/etc. Yay! Break out the champaign! Yeah, I get it... it's a long-term investment, and Microsoft views it as strategic... but that's a LOT of money to dump. Well, at least they didn't buy Yahoo... dodged that bullet (no credit for which goes to the 'soft's management, I might add.)
Microsoft's earnings hit Wall Street's target and revenue beat, helped by strong sales of its Office applications package. Still, shares skidded.
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