Microsoft Loses $6.2 Billion in 4th Quarter

    LAS VEGAS - JANUARY 07: The Microsoft logo is displayed over the Microsoft booth at the 2010 International Consumer Electronics Show at the Las Vegas Hilton January 7, 2010 in Las Vegas, Nevada. CES, the world's largest annual consumer technology tradeshow, runs through January 10. The gadget show is expected to feature 2,500 exhibitors showing off their latest products and services to about 110,000 attendees.  (Photo by Justin Sullivan/Getty Images)

    Justin Sullivan / Getty Images

    Microsoft Corp. will take a $6.2 billion hit, mainly caused by its purchase of aQuantive, an online advertising business that turned out to be a total flop. The charge will cut a hole in the company’s fourth quarter, which ended in June, with analysts predicting its earnings to round out to about $5.3 billion. Microsoft has been criticized recently for some of its acquisitions, including arguably paying way too much for aQuantive five years ago, making a high-profile yet ultimately unsuccessful bid for Yahoo in 2008, and its 2011 Skype undertaking, seen has a huge risk.

    Read it at AP