Microsoft Corp. said on Thursday that its fiscal first quarter profit edged up 2 percent. This was brought about by corporate customers renewing licenses for servers and other business programs. Microsoft's guidance for the current quarter was weaker than Wall Street was expecting, however, shares rose in extended trading following this report.
That is a sign that investors had been worried it would be worse. You can't blame them with everything else seemingly going down the tube with the Dow taking a mighty fall. I don't have any shares right now and glad of it but wish I had a bunch of money because now is the time to buy those stocks of good companies that are way down. There is money to be made down the line.
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