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- mohit - Jul 18 2008 | microsoft, business, earnings, online, technology, investment club
Microsoft is down 6% in after hours. I'm a little surprised since the results look reasonably good.
Quoted: Microsoft's revenue rose 18 percent for both its fiscal 2008 fourth quarter and year, but the company's Online Services Business (OSB), under scrutiny due to heated negotiations to purchase Yahoo's search business, continues to falter.
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I think the issue is that we still came in under expectations and lowered our future guidance. Another interesting point is Intel raised their estimates