Microsoft shares plunge as tech companies struggle to stay afloat

admin 0

By Michael D. McCurleyThe Washington PostDigital news and technology company Microsoft has filed for bankruptcy protection, a company spokesman confirmed on Thursday.

Microsoft is one of a handful of U.S. tech companies to file for bankruptcy.

Its fate will be decided by the bankruptcy court at the end of the week.

The company is being represented by law firm Gibson Dunn.

The bankruptcy filing comes as Microsoft is battling to remain afloat and compete against Apple and Amazon.

Microsoft, founded in 1983 by Bill Gates, has struggled to find revenue, generate revenue from hardware sales, attract developers and maintain a steady user base.

Microsoft said in a filing in July that it was spending more than $1 billion to maintain operations.

Microsoft reported a net loss of $17.7 billion for the fourth quarter ended Dec. 31.

The fourth-quarter loss was $4.9 billion below Wall Street estimates.

Microsoft shares closed down 3.5% to $56.96 in premarket trading on Thursday, the most for the year.

Microsoft also reported net income of $9.5 billion for fiscal 2016, which ended Dec 10.

That beat Wall Street expectations by $3.1 billion.

Microsoft’s business unit generated $24.2 billion in revenue in the fourth-year of fiscal 2016.

The unit generated about $19 billion of that revenue from software and services, according to the company.

Microsoft said that its operating profit rose 2.7% in the quarter, compared to a 4.5-percent rise in the year-ago period.

Microsoft will continue to have debt of about $21 billion, or about 4% of its revenue, but the company said it expects to continue refinancing debt.

Microsoft was not able to provide specific details on the restructuring plans, including which companies it will seek to acquire.

The filing could lead to other companies being targeted for acquisition.

Microsoft is one such company.

Apple and Google have been working to purchase the technology giant.

Microsoft, which has about 9 million employees, has been struggling to compete with Apple and other tech companies.

Its sales have slumped in recent years and its stock has fallen more than 50% in value since the end, after falling nearly 40% in 2017.

Microsoft has been forced to cut costs as it seeks to grow its revenue.

The financial company is on track to make $1.7 trillion in revenue for fiscal 2020, according the company’s most recent financial filing.

Tags:

Development Is Supported By

우리카지노 - 【바카라사이트】카지노사이트인포,메리트카지노,샌즈카지노.바카라사이트인포는,2020년 최고의 우리카지노만추천합니다.카지노 바카라 007카지노,솔카지노,퍼스트카지노,코인카지노등 안전놀이터 먹튀없이 즐길수 있는카지노사이트인포에서 가입구폰 오링쿠폰 다양이벤트 진행.2021 베스트 바카라사이트 | 우리카지노계열 - 쿠쿠카지노.2021 년 국내 최고 온라인 카지노사이트.100% 검증된 카지노사이트들만 추천하여 드립니다.온라인카지노,메리트카지노(더킹카지노),파라오카지노,퍼스트카지노,코인카지노,바카라,포커,블랙잭,슬롯머신 등 설명서.우리카지노 | TOP 카지노사이트 |[신규가입쿠폰] 바카라사이트 - 럭키카지노.바카라사이트,카지노사이트,우리카지노에서는 신규쿠폰,활동쿠폰,가입머니,꽁머니를홍보 일환으로 지급해드리고 있습니다. 믿을 수 있는 사이트만 소개하고 있어 온라인 카지노 바카라 게임을 즐기실 수 있습니다.바카라 사이트【 우리카지노가입쿠폰 】- 슈터카지노.슈터카지노 에 오신 것을 환영합니다. 100% 안전 검증 온라인 카지노 사이트를 사용하는 것이좋습니다. 우리추천,메리트카지노(더킹카지노),파라오카지노,퍼스트카지노,코인카지노,샌즈카지노(예스카지노),바카라,포커,슬롯머신,블랙잭, 등 설명서.카지노사이트 - NO.1 바카라 사이트 - [ 신규가입쿠폰 ] - 라이더카지노.우리카지노에서 안전 카지노사이트를 추천드립니다. 최고의 서비스와 함께 안전한 환경에서 게임을 즐기세요.메리트 카지노 더킹카지노 샌즈카지노 예스 카지노 코인카지노 퍼스트카지노 007카지노 파라오카지노등 온라인카지노의 부동의1위 우리계열카지노를 추천해드립니다.우리카지노 | Top 온라인 카지노사이트 추천 - 더킹오브딜러.바카라사이트쿠폰 정보안내 메리트카지노(더킹카지노),샌즈카지노,솔레어카지노,파라오카지노,퍼스트카지노,코인카지노.