As a employee, my opinion is ofcourse biased but I dont think the results were that bad. If you compare revenue against deferred vista / office revenues from last year, yeah its a drop. Factor them out and you have a solid company trading (as of right now) with a forward PE of around 13. I was happy to see XBOX in the green for the quarter and service continues to pick up momentum. What makes me shed a tear how MSN continues to bleed money..
Potash:
For those lacking confidence recently on the company, you should read their latest 10Q. It states a 6 -7 paragraph which confidently says "those who own our stock, buy more. For those who don't, buy our stock you dumbass". :)
Dollar:
The dollar continues to rally as hopes that BEN will take a break from printing money. This might pressure commodities prices but I seriously doubt it (although I feel rough rice will make a HUGE correction soon rather than later). The safest place to park money is still in the Yuan in my opinion
Taiwan:
more improving signs that things are improving between Taiwan and China
From scmp.com
"A top envoy for Taiwan’s president-elect was expected to meet with local officials in Shanghai on Friday in the latest sign of improving relations.
Chiang Pin-kung was appointed by Ma Ying-jeou, whose new government takes office May 20, as chairman of the Straits Exchange Foundation, a quasi-governmental body that has held talks in the past with a mainland counterpart. China and Taiwan split amid civil war in 1949.
Expectations have risen for a resumption of dialogue between the foundation and China’s Association for Relations Across the Taiwan Straits after a decade-long break."
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