Microsoft's Downbeat Outlook

Microsoft CEO Steve Ballmer Kimberly White/Getty Images

There was little optimism in remarks by Microsoft (MSFT) executives when they reported fiscal third-quarter results on Apr. 23. Chipmaker Intel (INTC) had said the PC business had bottomed when it announced earnings on Apr. 14. A few days later, IBM (IBM) gave investors glimmers of hope that the economy may be turning around. And whole divisions of Apple (AAPL) seemed to shrug off the recession entirely when the company's results soundly beat analysts' estimates on Apr. 22.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.