[Am-info] Xbox losses

[Paul Rickard]

========== On 2002.05.26 07:13 PM, John J. Urbaniak typed: ============

>Sure they can lose it, Paul.  Microsoft missed its earnings last period by
>two cents.  The stock plummeted until Merrill Lynch "Analysts" stepped in to
>save their ass.  But the "analysts" have been exposed by Spitzer.  They won't
>be able to pull stunts like that again.
>
>So another losing quarter or two by the charlatan company will hurt the stock
>price a great deal.  And for MSFT, the stock price is everything.

    Stock price is the answer... That's why Microsoft is storing so much 
cash lately. They know the stock is toast for a while and will use their 
rapidly growing bankroll to a) buy back shares b) pay employees more to 
make up for decreasing option values and c) buy companies that would have 
in better times been bought out with stock. Judging by recent behavior, 
I'd dare say they're counting on the stock being abused for a while. It's 
not like they care about investor or consumern that much - the company 
knows a lot more people hate them than love them. The company can 
continue on irregardless of stock price so long as the income and savings 
are greater than or equal to the expenses. If the stock market tanked on 
Tuesday (I mean a massive October '29 kind of tanking) Microsoft would be 
in a better position than any other company on earth to weather out the 
storm, XBox or not. Bottom line: They don't care and don't have to care 
because the company might look bad for a while but it will all come out 
great in the end.


======== Paul Rickard, Editor of The Microsoft Boycott Campaign =======
--------------------------------[ Http://www.msboycott.com ]-----------

  "Even as a longtime critic of the company, I must admit that
   Microsoft occasionally flirts with the truth. Well, perhaps 'flirt'
   is too strong a word. Let's just say Microsoft sometimes honks and 
   waves as it drives by her house."
       -InfoWorld Editor Nicholas Petreley, 06-14-99