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____/ chrisv on Friday 10 October 2008 15:46 : \____
> Roy Schestowitz wrote:
>
>>MSFT 21.82 -0.48 -2.15%
>>
>>Lowest in about 10 years, despite massive buybacks.
>
> Well, what stock isn't tanking right now? Not many...
I now see that:
"Dow Down 3.78% Nasdaq Down 3.75%"
The Nasdaq was up when I wrote this and the Dow was quite level. Microsoft, on
the other hand, was down sharply.
Microsoft is still falling faster than the indexes. In fact, it fell below $21
earlier today, so the teens aren't far.
>>Debt is coming.
>
> They are still quite profitable.
/Office/ is profitable. Microsoft has many products, few of which are
profitable. Microsoft's problem is that its few profitable products become
easily replaceable by FOSS or SaaS.
Why do you think they corrupted ISO (and the entire world) like nobody's
business? ;-)
- --
~~ Best of wishes
"Monopoly raises two classes of problems for a free society. First, the
existence of monopoly means a limitation on voluntary exchange through a
reduction in the alternatives available to individuals. Second, the existence
of monopoly raises the issue of “social responsibility”, as it has come to be
called, of the monopolist."
--Milton Friedman
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