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Microsoft Corporation (MSFT)
Posts $151 Million Net Profit for Q2 in E&D

Marketwatch - January 20, 2009

Submitted by apujanata (14930) at 8:24AM PST on January 22, 2009

Microsoft Corp. said Thursday it is cutting 5,000 jobs, a sign of how badly they are being stung by the recession. The layoffs appear to be a first for Microsoft, which was founded in 1975. Theyare unable to offer profit and revenue guidance for the rest of the year, because of the market volatility.

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