Microsoft Results Disappoint, Presses Yahoo Attack
Weak quarterly sales of Windows software and a below-target profit forecast for the current quarter overshadowed a strong outlook for the year ahead from Microsoft, driving its shares down 5% Thursday.
The world's largest software maker also pressed its attack on takeover target Yahoo as Chief Financial Officer Chris Liddell told analysts time was of the essence for a deal and he saw no evidence that a $44 billion offer undervalued the faded Web star.
Microsoft, which is considering the launch of a hostile takeover campaign, has set a Saturday deadline for Yahoo to reach a deal.
