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by deviate_X
3617 days ago
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Zerohedge seems to be a bit sensationalist:) - 1 YEAR AGO, as GAAP: Microsoft reported a $2000 millions in losses - TODAY, as GAAP: Microsoft reported $3000 millions in profits YET the story is spun negatively in terms of GAAP, and people will follow that negativity despite having the data literally in their faces! In this case, what wall street takes into account is Microsoft progress in the cloud, how many physical and virtual widgets they are selling and cost's control as well as currency fluctuations, taxes, etc... |
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