Microsoft Posts First Loss in 23 Years !

Apparently, even Microsoft Corporation is not immune to the current global financial crisis. The company just posted a 32% aggregate loss in net income, it's first in 23 years.

What's the main source of the losses? Netbooks. Since more and more consumers are tightening up their budgets in these trying times, low-power low-cost netbooks that are more compatible with free linux OSes or the aging Windows XP have become the fad, almost leaving Microsoft's current OS - Windows Vista - out. But of course, we can't disregard the fact that the whole world is in financial crisis right now.

Microsoft will release Windows 7, it's new Operating System, late this year. Here's to hoping that Windows 7 will turn things around for Microsoft.

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