Defomicron

Software, Hardware, Silverware


Shareholders Are Going to Sue Microsoft Over Poor Surface Sales

Paul Thurrott:

A proposed class action lawsuit has been filed against Microsoft on behalf of its shareholders, alleging that the firm lied about the financial performance of its Surface RT tablet. The surprise revelation that sales were much less than expected came months later than required by law, the suit says, and immediately “eviscerated” $34 billion of Microsoft’s market value, materially impacting shareholders.

I’m sure Microsoft and its shareholders can come to some sort of… compromise.