Microsoft CEO Defends Company Investments
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| He cited the Xbox game console as one, adding that even if Microsoft
| incurred $4 billion in losses before starting to see gains, that's
| still cheaper than buying an existing game company like Nintendo Co.
| outright.
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| [...]
|
| Microsoft shares tumbled in April to a new 52-week low after the company
| said it planned to significantly beef up investments in many areas where
| it is not dominant. Analysts worried that while such investments may pay
| off in the long term, it could hurt more immediate financial results.
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http://biz.yahoo.com/ap/060531/microsoft_ballmer.html?.v=4
MSFT down another 2.16% yesterday. Sad. Very sad.
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