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[News] [Rival] Microsoft Falls, Likely to Miss Targets

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More questions over Microsoft profits

,----[ Quote ]
| Microsoft shares are currently down about 6 percent on the day, to $19.38.
|
| What would a Microsoft earnings warning look like? For a clue, you have to go 
| all the way back to December 2000, in the middle of the dot-com bust, which 
| appears to be last time the company issued such a warning. It came out around 
| the middle of the month, on Dec. 14, so if the past practice is any 
| indication, any new warning could be a few days away.    
`----

http://www.techflash.com/microsoft/Speculation_rises_over_Microsoft_profits35989449.html


Recent:

Microsoft Profit, Sales May Fall Short, Bellini Says

,----[ Quote ]
| Microsoft Corp. may have to warn shareholders that profit and sales will fall
| short this quarter for the first time since 2000, according to Heather
| Bellini, an analyst at UBS AG.
`----

http://www.bloomberg.com/apps/news?pid=20601087&sid=avsV8CziCIOU&refer=home


Razorfish cuts West Coast staff

,----[ Quote ]
| Rumors have circulated for months that Microsoft may be looking to sell the
| Razorfish business, though CEO Clark Kokich told TechFlash last month that
| there was nothing in the works. However, he didn't rule out the possibility
| down the road.
|
| "That doesn't mean that two to three to four years from now, it might not
| happen," Kokich told reporter Eric Engleman.
`----

http://www.techflash.com/microsoft/Layoffs_hit_Razorfish35539414.html


Microsoft's Razorfish cuts NYC staff

,----[ Quote ]
| Microsoft's online ad agency Razorfish laid off 40 staff in its New York
| office this afternoon, citing a dropoff in business from the financial
| services sector.
`----

http://www.techflash.com/microsoft/Microsofts_Razorfish_online_ad_agency_cuts_NY_staff33609649.html


Microsoft Cuts Staff at FAST Search Division

,----[ Quote ]
| Xconomy received a report last week that the Oslo, Norway-based FAST Search
| division of Microsoft, which has a 180-person outpost in Needham, MA, and a
| smaller office in New York, had laid off 25 people in its U.S. offices.
`----

http://www.xconomy.com/boston/2008/11/25/microsoft-cuts-staff-at-fast-search-division/


Ex-Microsoft boss sentenced

http://seattlepi.nwsource.com/business/371393_msftcourt19.html


Former Microsoft Manager Gets 2 Years In Jail

http://news.portalit.net/fullnews_former-microsoft-manager-gets-2-years-in-jail_1427.html


SEC Foresees Rise in Fraud Cases

,----[ Quote ]
| Laying out his priorities, the new enforcement chief for the Securities and
| Exchange Commission in San Francisco said Thursday he expects an upswing in
| fraud cases against public companies.
`----

http://www.law.com/jsp/article.jsp?id=1202424479239


Related:

Microsoft's Accounting Under Scrutiny

,----[ Quote ]
| The company has still not made enough information public to provide analysts
| with detailed information on the profitability of its MSN Internet business,
| Mr. Galvin said, adding, ''There's still room for them to obfuscate.''
`----

http://query.nytimes.com/gst/fullpage.html?res=9A03E1DC173DF932A35754C0A96F958260


Microfraud?

,----[ Quote ]
| THE ALLEGATIONS WERE shocking: For years, Microsoft has systematically
| distorted its profit figures in an effort to consistently beat Wall Street
| expectations and keep its stock price steadily rising. The false reports
| would violate SEC regulations, and amount to outright fraud.
|
| More shocking was the source of the allegations: Microsoft's chief of
| internal audits, Charlie Pancerzewski, who reported directly to the company's
| chief financial officer.
|
| Most shocking of all was what happened to Pancerzewski when he reported the
| suspicious bookkeeping to his supervisors, Microsoft CFO Mike Brown and chief
| operating officer Bob Herbold, in the spring of 1995. Soon afterward,
| Pancerzewski—who for nearly five years had received stellar performance
| evaluations—received his first-ever unsatisfactory one, and was eventually
| forced to resign.
|
| Two months ago, Microsoft quietly settled a lawsuit containing these
| allegations, filed in 1997 by Pancerzewski under the Whistleblowers
| Protection Act. The auditor claimed he was wrongfully terminated after
| telling his supervisors that Microsoft might be breaking securities and tax
| laws. The lawsuit made its tortuous way through several rounds of pretrial
| motions until last fall, when US District Judge Carolyn Dimmick denied
| Microsoft's final plea for summary judgment, finding credible evidence that
| Microsoft may have violated SEC rules, as Pancerzewski alleged. Shortly
| thereafter, Microsoft and Pancerzewski settled out of court. Terms of the
| agreement were sealed, but one source who claims familiarity with the case
| says that Microsoft paid Pancerzewski $4 million.
`----

http://web.archive.org/web/20070308032343rn_2/www.seattleweekly.com/1999-01-06/news/microfraud.php
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0
newsgroups3 (79677)
12/13/2008 10:14:46 AM
comp.os.linux.advocacy 124139 articles. 3 followers. Post Follow

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On Sat, 13 Dec 2008 10:14:46 +0000, Roy Schestowitz wrote:

142 Lines.
0
gmstewart1953 (1217)
12/13/2008 2:48:22 PM
Roy Schestowitz wrote:

> -----BEGIN PGP SIGNED MESSAGE-----
> Hash: SHA1
> 
> More questions over Microsoft profits
> 
> ,----[ Quote ]
> | Microsoft shares are currently down about 6 percent on the day, to
> | $19.38.
> |
> | What would a Microsoft earnings warning look like? For a clue, you have
> | to go all the way back to December 2000, in the middle of the dot-com
> | bust, which appears to be last time the company issued such a warning.
> | It came out around the middle of the month, on Dec. 14, so if the past
> | practice is any indication, any new warning could be a few days away.
> `----
> 
> http://www.techflash.com/microsoft
Speculation_rises_over_Microsoft_profits35989449.html


Google now 58% size of micoshaft corporation.
I say let google buy out micoshaft and run it properly
as an open source company before micohaft shares implode.


0
12/13/2008 5:07:55 PM
Reply: