NEWS - Monday, December 9, 2002
Microsoft May Double Xbox Investment
Microsofts CFO John Connors - when asked during a webcast if the software maker had an exit strategy for Xbox - said that the "fallback position is probably to double down and make it successful." Figures released last month showed that Microsofts home entertainment division - which includes Xbox - lost $177 million in the last quarter. Analysts expect Microsoft to spend more than $2 billion over five years on Xbox - which launched a year ago as part of Microsofts push to get its technology and software off the desktop PC and into living rooms worldwide.Source: http://www.avault.com/