Thursday, July 18, 2013

Microsoft writes off nearly $1B to account for Surface RT bomb - Computerworld

One for the record books
"Microsoft today took an unexpected $900 million charge to account for what it called "inventory adjustments" for the Surface RT, the poor-selling tablet that debuted last year.
Later today, Microsoft will hold a conference call with Wall Street analysts, but its fourth-quarter fiscal numbers -- published on its website shortly after the U.S. financial markets closed -- pointed out the massive write-down."
Microsoft writes off nearly $1B to account for Surface RT bomb - Computerworld

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