160°

Microsoft Conference Call Sends Shares Lower

Seekingalpha.com writes: CFO Chris Liddell says the company's new guidance for the June 2009 fiscal year reflects the company's anticipation of a global recession.

As noted earlier, the company now sees revenue of $64.9 billion to $66.4 billion, with profits of $2 to $2.10 a share; in July the company had projected revenue of $67.3 billion to $68.1 billion, with profits of $2.12 to $2.18 a share. Speaking on a conference call with analysts, Liddell says the low end of the guidance range assumes a mild recession; the bottom end of the range assumes a deeper recession, and lower IT spending growth.

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La Chance5660d ago (Edited 5660d ago )

to be handling the financial crisis better than some other firms.

This could be good for 360 gamers.

sonarus5660d ago (Edited 5660d ago )

I like how you conveniently sidestepped they seem to be doing better than sony. :)

The economic situation seems to be really bad for everyone but sony has quite a few profitable ventures from vaio sales, to LCD to blu ray and lets not forget psp and ps2 are still very profitable. I'm surprised things are that bad but i am no economists or analyst

Microsoft target will probably be off by about 3billion which isn't bad at all when you make over 60billion. Sony on the other hand would have had profit of about 3-4billion total. So they are off by almost same amount but microsoft makes so much more they aren't as affected

PimpHandStrong5660d ago (Edited 5660d ago )

STFU

You know whats good for gamers?!?!
GAMES

Stock prices and share holders are not good for gaming! In fact this has nothing to do with us!

Since when is stock prices and share holders NEWS FOR GAMERS

sajj3165660d ago

Yes some companies are handling them better than others in this financial crisis. The success of the games division is what I'm concerned about. The stock for MSFT was at almost $40.00 (52 week high). Now its trading at $23. What does that mean to you? Xbox division hurting MS overall? Think about it ...

ionize5660d ago

It is probably bad for 360 gamers since M$ won't be able to cover the cost of replacing all of the soon to be RRoDs

Genesis55659d ago

Well recently in the news it was stated that the xbox division was under a hiring freeze and they are closing down some developement studios. How is this good for gamers?

+ Show (2) more repliesLast reply 5659d ago
AtlREMF3115660d ago

for a second I thought his name was Chuck Liddel LOL

I Make Stuff Up5660d ago

Oh, how I miss him and Randy duking it out. One of the best trilogies ever.
That whole air on invincibility has been shattered.
Now Silva is wearing that label.

ionize5660d ago

Sony clearly isn't as poor as you seeing they can afford a PS3

PimpHandStrong5660d ago

has said he has 18 months left to fight

he has 6 more fights on his contract!

Chuck is still a bad man but his chin has been chipped and with his style of fighting, counter puncher, when u lose a step you get crushed! He got crushed by Evans and will reritre soon. Still one of the best fighters to watch because you know he is going for a KO

The Spider is the best fighter in the world and i cant see anyone making it past the 2nd round vs that guy! He is the best fighter we have seen in the last 20 years of combat sports

NipGrip5660d ago

Silva in :45 of the first round.

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70°

The INDIE Live Expo 2024 event is to feature over 100 game titles

INDIE Live Expo, Japan’s premiere online digital showcase series , will debut never-before-seen games & content updates across more than 100 titles on May 25th.

90°

German Computer Game Awards 2024 has just announced its winners

"The best games of the year and the creative teams behind them were in the spotlight at the grand award ceremony of the German Computer Game Award 2024." - German Computer Game Awards.

anast2d ago

BG3 has won everything possible. It's insane.

TGG_overlord2d ago

That's right, well, BG3 deserved it imo.

anast2d ago

It's definitely a game of the generation if not all time.

InUrFoxHole2d ago

Sure buddy... You're trying to tell me it has a deeper story than goat 🐐 simulator 4000?!?!?. I wanna give bg3 a shot but my brain is burnt out on long games

40°

The Pokémon Center Re-Releases Its Van Gogh Goods – And Sells Out Most in Under 24 Hours

Seven months after its infamous launch, the Van Gogh Museum is restocking its popular Pokémon collaboration items -- and selling out fast.