• Most Popular
  • Most Shared

Microsoft CFO says company "cautious" on economy

SEATTLE
Thu Apr 24, 2008 6:51pm EDT

Stocks

   

SEATTLE (Reuters) - Microsoft Corp (MSFT.O) Chief Financial Officer Chris Liddell said on Thursday it is being "cautious" on the economy, but its wide range of products and geographic diversity will support the company's earnings.

"We're being cautious just like everybody else," Liddell said in an interview with Reuters. His comments came on the heels of earnings estimates for the current quarter that disappointed some investors, sending its shares down 5 percent in after-hours trade.

Liddell, who declined to comment on the company's takeover bid of Yahoo Inc (YHOO.O), said Windows revenue was lower than the company's expectations due in part to inventory build-up of computers but added that those issues were "quarter specific."

(Reporting by Daisuke Wakabayashi; Editing by Braden Reddall)


More from Reuters

Photo

Accused 9/11 plotters may face NY "Guantanamo"

NEW YORK (Reuters) - If the men accused of plotting the September 11 attacks wonder what conditions they might face when they are moved to New York from Guantanamo Bay for trial, they can expect solitary confinement, 23-hour-a-day lockdowns, constant video surveillance and almost no visitors.

» More Top News
Traders in the oil options pit work at the New York Mercantile Exchange, September 9, 2008. REUTERS/Chip East
Analysis:

"More assumptions, more risk"

New oil and gas reserve rules were supposed to improve transparency, but the unforeseen consequences of the regulations could add a layer of uncertainty for investors.  Full Article 

regulatory news
The sun sets over the Mackenzie Delta near Inuvik, Northwest Territories November 11, 2009. Credit: REUTERS/Jeffrey Jones

An Arctic economy in limbo

Beset by political and economic setbacks, one of the world's biggest pipeline projects is on hold, and it's unclear if the project will ever break ground.  Full Article 

Green Business