EditorsAbout the SiteComes vs. MicrosoftUsing This Web SiteSite ArchivesCredibility IndexOOXMLOpenDocumentPatentsNovellNews DigestSite NewsRSS

06.10.09

Microsoft Has No Money Anymore

Posted in Finance, Microsoft at 5:13 pm by Dr. Roy Schestowitz

Poor man

Summary: More Microsoft products cancelled, services made worse

OVER the past few months we have seen many Microsoft products getting cancelled and taken off the market, e.g. [1, 2, 3, 4]. Microsoft is now borrowing money (nobody seems to know why), it has laid off a lot of staff and another key product, Microsoft Money, has just been officially killed.

At the time of writing, only two sources seem to have coverage of this (based on Google News). Both are close to Microsoft. They are probably intended to cushion the blow as it becomes public knowledge, i.e. preemptive damage control. Well, here it is from the less obnoxious among the two sources:

Microsoft announced in August 2008 that it would no longer sell Money through retail stores. The company said at that time that plans to release a Money Plus 2009 release were cancelled.

This makes about 15 dead Microsoft products, all getting axed in a matter of months.

Since Microsoft is already taking debt, expenses must be controlled and faulty XBox360s, whose severe faults only Microsoft is to blame for, will not be properly repaired anymore. One of our readers had half a dozen broken XBox360s. He gave up in great anger because these could not last for more than a few months without breaking spontaneously. He confronted a Microsoft manager over this. Lastly, for the record, Microsoft has lost well over $5 billion in the XBox business and it’s far from the only area where Microsoft loses money. Now there’s no Money.

Update: More short coverage gets titled “No money in MS Money?”

Update #2: Here is a list of Microsoft products that recently bit the dust. Thanks, David Gerard.

Share this post: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Reddit
  • co.mments
  • DZone
  • email
  • Google Bookmarks
  • LinkedIn
  • NewsVine
  • Print
  • Technorati
  • TwitThis
  • Facebook

If you liked this post, consider subscribing to the RSS feed or join us now at the IRC channels.

Pages that cross-reference this one

A Single Comment

  1. eet said,

    June 11, 2009 at 1:23 am

    Gravatar

    Congratulations! This wins the ‘most ridiculous story ever published in this place’-award!

What Else is New


  1. Links 20/4/2014: EFF FOSS, Easter Drone Strikes, Copyright Industry Fear of Google

    Links for the day



  2. Links 19/4/2014: Slow Easter News Day

    Links for the day



  3. Links 18/4/2014: New KDE, Kubuntu, and More

    Links for the day



  4. Some Perspective on Heartbleed®

    Our views on the whole Heartbleed® bonanza, which seems like partly a PR stunt (for multiple stakeholders)



  5. Microsoft is Leaving Windows -- Including Vista 8.1 -- Vulnerable to Non-Government Crackers, Not Only to NSA

    Microsoft makes it ever more evident that securing users of Windows is not at all a priority, and perhaps not even a desire



  6. Links 17/4/2014: Android RDP, New Ubuntu, RHEL 7 Milestone

    Links for the day



  7. Racing to 1984: Mass Surveillance, Cracking, 'Targeted' Assassinations, and Illegal Torture

    Links for the day



  8. More Microsoft Subsidies to Patent Troll Intellectual Ventures

    Microsoft hands money to Bill Gates' close friend who is the world's largest patent troll



  9. Aiding Microsoft Under the Disguise of 'Pro-FOSS'

    Not everything which is FOSS necessary becomes, by virtue of existence, a positive contribution, as we are constantly reminded by projects that help proprietary software and/or restrictions get a strong grip on FOSS



  10. Links 16/4/2014: Red Hat PR, Ubuntu LTS Imminent

    Links for the day



  11. Links 15/4/2014: Lots of PCLinuxOS Releases, Ukraine Updates

    Links for the day



  12. Apple and Microsoft Actively Lobbying Against Patent Reform in the US

    Apple and Microsoft are reportedly intervening/interfering with US law in order to ensure that the law is Free/libre software-hostile



  13. Lawsuit by Microsoft Shareholder Targets Fine for Crimes Rather Than the Crimes Themselves

    A new lawsuit by a Microsoft shareholder shows everything that's wrong with today's model of accountability, where those who are responsible for crimes are accused of not avoiding fines rather than committing the crimes



  14. Public Institutions Must Dump PRISM-Associated Software

    Another reminder that taxpayers-subsidised services should refuse, as a matter of principle, to pay anything for -- let alone deploy -- proprietary software with back doors



  15. GNU/Linux News: The Opportunities Amid XP EOL

    Links for the day



  16. Microsoft Gets Its Money's Worth From Xamarin: PlayStation 4 Now Polluted by Microsoft

    The Trojan horse of Microsoft, Xamarin, is pushing .NET into Microsoft's console competitor



  17. After Brendan Eich Comes Chris Beard

    Having removed Brendan Eich using bullying and blackmail tactics, his foes inside Mozilla achieved too little as we have yet another man (coming from inside Mozilla) acting as CEO



  18. Healthcare News: Free Software in Health, Humanitarian Causes

    Links for the day



  19. Links 14/4/2014: MakuluLinux, Many Games, More Privacy News and Pulitzer Prize for NSA Revelations

    Links for the day



  20. TechBytes Episode 87: Catching up With Surveillance (NSA, GCHQ et al.)

    The first audio episode in a very long time covers some of the latest happenings when it comes to privacy and, contrariwise, mass surveillance



  21. Server News: KVM, ElasticHosts, Other GNU/Linux Items, and Open Network Linux

    Links for the day



  22. Hardware News: Freedom, Modding, Hackability on the Rise

    Links for the day



  23. Distributions News: GNU/Linux Distros

    Links for the day



  24. GNOME News: Financial Issues, Mutter-Wayland, West Coast Summit, Community Participation

    Links for the day



  25. KDE News: Kubuntu at the Centre Again KDE Applications Updated

    Links for the day



  26. Techrights Rising

    Effective immediately, Techrights will do what it takes to bring back old volume and pace of publishing



  27. Links: Surveillance, Intervention, Torture and Drones

    Links for the day



  28. Mobile Linux Not Just Android: Jolla, WebOS, and Firefox OS News

    Links for the day



  29. Google's Linux Revolution: New Gains for Android, Chrome OS (GNU/Linux)

    Links for the day



  30. Free/Libre Databases News: MongoDB, NoSQL, and MySQL Branches/Forks

    Links for the day


CoPilotCo

RSS 64x64RSS Feed: subscribe to the RSS feed for regular updates

Home iconSite Wiki: You can improve this site by helping the extension of the site's content

Home iconSite Home: Background about the site and some key features in the front page

Chat iconIRC Channel: Come and chat with us in real time

CoPilotCo

Recent Posts