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Report: Microsoft throwing Razorfish back in the water
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| Microsoft has hired Morgan Stanley to find a potential buyer for its Internet
| ad agency Razorfish, according to the Financial Times. The report indicates
| that Publicis Groupe, a French marketing company, as well as other agency
| groups, such as Omnicom and WPP, could be potential buyers for the company
| valued somewhere between $600 million and $700 million.
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http://arstechnica.com/microsoft/news/2009/06/report-microsoft-throwing-razorfish-back-to-sea.ars
Publicis: No Comment On Reports It's A Bidder For Razorfish
http://online.wsj.com/article/BT-CO-20090629-702009.html
Microsoft Looking for Razorfish Bidders
http://www.mysmartrend.com/briefs.asp?storytype=nw&storyid=11182
Microsoft needs money.
Recent:
A Day to Remember: 23 April, 2009
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| And there's another reason why yesterday was significant: Microsoft announced
| what are probably its worst quarter results ever:
|
| Microsoft Corp. today announced revenue of $13.65 billion for the third
| quarter ended March 31, 2009, a 6% decline from the same period of the prior
| year. Operating income, net income and diluted earnings per share for the
| quarter were $4.44 billion, $2.98 billion and $0.33 per share, which
| represented an increase of 3% and declines of 32% and 30%, respectively, when
| compared with the prior year period.
|
| Now, the global financial crisis certainly contributed to those figures, but
| I think there's a bigger underlying trend here, which is that the Microsoft
| money machine is faltering.
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http://www.computerworlduk.com/toolbox/open-source/blogs/index.cfm?blogid=14&entryid=2136
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