News Brief
Microsoft Suffers Tough Financial Year
Jul 5, 2012, 6:32 PM
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.
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