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Liveblogging Microsoft fiscal third quarter results: one big penny

5:27 p.m. While I'm waiting on hold for the Microsoft earnings call to begin, I keep checking the stock price in after-hours tradiing. It's at $25.64 right now, down over 5% from the close and edging ever closer to a 52-week low. I'm just starting to review their third-quarter 10-Q and I'll include comments as I listen in.

5:32 p.m. We're still on hold (guess all the reporters didn't call in at least 10 minutes ahead of time, as requested) and I'm noticing that cost of sales was way up - 66% 49% higher - from 3rd quarter 2005 to 3rd quarter 2006. G&A is down about half this much. What happened with that $665 million?

5:35 p.m
. After a very scripted introduction (sounded like it was recorded by a computer and not a person), we hear that Microsoft "choose the right places to focus" with their SQL server sales, for instance, and is "ramping up the supply of Xbox 360 consoles."

5:38 p.m. Expect an increasing set of opportunities and challenges with regards to product launches like Xbox 360 consoles, and home entertainment sales are up 85%.

5:46 p.m. Continue to see a shift in "premium edition" OEM sales of MS software. They can't say enough about SQL servers. She puts extra emphasis on every adjective when she talks SQL.

5:47 p.m.
Pleased with the great response that Office Live has received.

5:49 p.m. MSN revenue down - but advertising revenue up slightly, especially in instant messaging properties. "Made good progress" in transitioning search advertising from the Yahoo! platform to proprietary ad platform - and lower-than-expected performance from partner-driven ad search volume. Doesn't look like it's working as planned although they say that they're sure it was the right decision. Hmm.

Continue reading Liveblogging Microsoft fiscal third quarter results: one big penny

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DJIA+30.6910,464.40
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S&P 500+4.981,110.63

Last updated: November 27, 2009: 09:28 AM

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