MS stock

Discussion in 'Community Discussion' started by quigleybc, May 1, 2006.

  1. quigleybc macrumors 68030

    quigleybc

    Joined:
    Jun 17, 2005
    Location:
    Beautiful Vancouver British Columbia, Canada
    #1
    I heard that Microsoft Stock plunged big time today, or yesterday...

    Anyone care to shed light on what happened?

    I did a search, and didn't see a thread.

    cheers.
     
  2. WildCowboy Administrator/Editor

    WildCowboy

    Staff Member

    Joined:
    Jan 20, 2005
    #2
    MSFT dropped about 11% after the market close last Thursday.

    It was a combination of lower-than-expected earnings, lowered guidance for future earnings, and revealing plans to spend more in areas where they aren't yet dominant (no details given)...analysts aren't sure that the increased investments will pay off.
     
  3. quigleybc thread starter macrumors 68030

    quigleybc

    Joined:
    Jun 17, 2005
    Location:
    Beautiful Vancouver British Columbia, Canada
    #3


    damn....someone lost a lot of moola......

    Glad I don't have any stock in Microsoft.....:cool:
     
  4. WildCowboy Administrator/Editor

    WildCowboy

    Staff Member

    Joined:
    Jan 20, 2005
    #4
    About $30 billion in market cap disappeared overnight...that's half of AAPL's entire market cap.
     
  5. Kwyjibo macrumors 68040

    Kwyjibo

    Joined:
    Nov 5, 2002
    #5
    Whats funnier is that bill gates lost about $3 billion, the sad part is that like a drop in the hat for him ...
     
  6. dmw007 macrumors G4

    dmw007

    Joined:
    May 26, 2005
    Location:
    Working for MI-6
    #6
    Amazing. :eek: If I lost $3 billion dollars overnight I think that I would cry hysterically. :( .....Oh wait, I don't have that much money to begin with. :)
     
  7. atticus1178 macrumors regular

    Joined:
    Apr 1, 2006
    Location:
    Austin, Texas
    #7
    If I lost 30 dollars I would cry hysterically......seriously.....I am a poor college student.
     
  8. WildCowboy Administrator/Editor

    WildCowboy

    Staff Member

    Joined:
    Jan 20, 2005
    #8
    Yeah, poor guy...he's only got $24 billion in MSFT stock left. ;)

    I actually don't mind Bill getting wealthier anymore now that he's doing such great charity work. At this point, he's not ever going to be poor...it's just a matter of how rich does he become. And the more he makes, the more he'll put into philanthropy...
     
  9. dmw007 macrumors G4

    dmw007

    Joined:
    May 26, 2005
    Location:
    Working for MI-6
    #9
    I would probably do the same. ;) :) Heck, that is 30 less songs that I could download from the iTunes music store. :(

    Poor Bill Gates.... :rolleyes: I would settle for half of that amount. :)

    No, I don't grudge him that either....I just don't like him for inventing Windows. :D
     

Share This Page