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Microsoft 1st-quarter profit sinks but shares jump as investors look past accountingWindows plan lowers Microsoft profit but shares up SEATTLE — Microsoft Corp. said Friday its net income fell 18 percent in the last quarter, largely because it deferred revenue when it let summertime PC buyers get free upgrades to Windows 7, which was released this week. PC sales ticked up in the quarter, but likely not enough to bolster Microsoft’s resultsEarnings Preview: PC weakness to hurt Microsoft SEATTLE — Microsoft Corp. reports its earnings for the fiscal first quarter on Friday before the opening bell. The following is a summary of key developments and analyst opinion related to the period. Google strikes deal to index Twitter updates in effort to thwart threat from MicrosoftTwitter becomes mutual friend of Google, Microsoft SAN FRANCISCO — Twitter Inc. is selling the rights to mine its communications hotbed to both Internet search leader Google Inc. and Microsoft Corp. in dueling deals that underscore the growing importance of being able to show what's on people's minds at any given moment. |
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