Monday, July 2, 2012

Microsoft Takes $6.2 Billion Charge for Online Services

 Microsoft will take a $6.2 billion accounting charge as a write down of its Online Services Division.
The charge relates to its 2007 acquisition of aQuantive, which provided tools for its online advertising efforts. Microsoft said while its Online Services Division business has been improving, the company’s expectations for future growth and profitability are lower than previous estimates.