Microsoft, Iomega, Sun weigh in with earnings
Microsoft this afternoon posted a lower-than-expected first-quarter profit of US$1.2 billion, or 23 cents per share, as revenues rose to $6.13 billion from $5.8 billion a year earlier. During the quarter, Microsoft realized a $1.2 billion investment loss, which accounted for much of the reduced earings. Microsoft also said it sees the PC market as being flat to slightly down in the coming quarter.
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