NEWS - Friday, December 13, 2002
Microsoft losing too much money?
Not at all. A great new AP article was released off the wire which tells how happy our big friend Billy G really is. Although the article includes Microsoft as a whole, here is some of the more important Xbox information:"As Sun Microsystems, AOL Time Warner and Oracle struggle with low stock prices, revenue declines and layoffs, the company they all love to hate had a phenomenal year. Microsoft rang up record revenue in its most recent quarter, launched a flashy new video-game service and rolled out the Tablet PC, a pet project of chairman Bill Gates. The company released MSN 8, a redesign of its Internet service and its most competitive effort yet against industry leader AOL. Microsoft also joined with hardware manufacturers to produce the Tablet PC, which includes handwriting recognition and has long been championed by Gates as a logical next step in making computing more portable. It also launched the Xbox Live online games service, a big bet for the future. The company's 85 percent profit margins for Windows and 78 percent for productivity applications including Office, remarkable in any industry, allow Microsoft to easily sustain losses in Xbox and MSN. But Microsoft is confident its massive investments will pay off. "We don't think this is a mature industry in the sense that the inventions and the excitement are all beyond us," Smith said. "We think we have another two decades of innovation and change ahead of us. And we all share a great faith that these changes can be of profound benefit to society."You can read the whole article by clicking here
Source: http://www.cbsnews.com/
