Microsoft Suffers Tough Financial Year
- July 5, 2012
Reuters says it was a bad first week for Microsoft Corp's new financial year, which inspired confidence that the software giant can jump-start a stubbornly stagnant share price. The company stock's price remains stuck at $30. On Monday, it announced a $6.2 billion writedown of a 2007 Internet-advertising acquisition -- a reminder that Microsoft has a patchy track record when it ventures outside Windows and Office.
What was the '07 acquisition?