Microsoft shares plunge over 11% after Microsoft Surface RT inventory write-down, earnings shortfall

Shares of Microsoft plunged 11.4% on Friday, closing down $4.04 to $31.40; for Microsoft, it was the sharpest one-day decline of the company's shares in 11 years and came after the company reported its quarterly earnings. Yes, Microsoft earned nearly $5 billion for the three month period, but a $900 million write-off of Microsoft Surface RT tablets held in inventory rattled investors...



via PhoneArena - News http://www.phonearena.com/news/Microsoft-shares-plunge-over-11-after-Microsoft-Surface-RT-inventory-write-down-earnings-shortfall_id45519
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