World Economy

Microsoft Market Value Cut

Microsoft Market Value CutMicrosoft Market Value Cut

Investors wiped $35b off Microsoft Corp’s market value on Tuesday without any clear-cut, Business World reported. The world’s largest software company, whose shares had climbed about 30% over the past 12 months to near 15-year highs, instead worried investors with a series of troubling signals in its earnings report and conference call on Monday. “The results weren’t that bad,” said Scott Kessler, an analyst at Standard & Poor’s Capital IQ. “What really struck people was that it wasn’t just one thing and it wasn’t just a handful of things that had obvious or easy fixes.”