Dennis Faas's picture

Microsoft Reports Huge Loss; Blames Aquantive Mess

Microsoft has announced a $492 million loss between April and June of 2012. It's the first time the software giant has experienced a net loss in a quarter since its stock was first publicly traded in 1986. The good news for the company is that while ... its day-to-day business is slightly down overall, it is still fundamentally profitable. Most of the loss resulted from an accounting technicality linked to a bad investment. The quarterly loss comes because Microsoft took a $6.2 billion writedown to cover its acquisition of Aquantive, the online advertising business it bought in 2007. The purchase ... (view more)

Dennis Faas's picture

Report: Cyber Crime, Scams Skyrocket 110% in 2009 to $559M

The results are in: cyber crime and online scams were way, way up in 2009. It's bad enough that the difference in losses between 2007 and 2008 was an increase of 11 percent (or roughly $265 million) -- but who would have guessed that difference ... between 2008 and 2009 would be double the previous year -- at an astounding $559 million? Cyber Crime Success: Sophistication, Anonymity According to an FBI-led taskforce, the cyber crime losses are the result of more sophisticated techniques employed by hackers during attacks. "The figures contained in this report indicate that criminals are ... (view more)

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