The latest on real estate recordings and new technology from the Middlesex North Registry of Deeds in Lowell
These are some of the headlines I read this morning…
Ford lost $1.4 billion in the first quarter…and that is good news.
EMC has asked employees to take a 5% pay cut.
Honeywell’s 1st quarter net profit fell 38%.
Xerox is predicting that second quarter earnings will be less than originally forecast.
But of all the bad economic news I heard this morning the headline that struck me the most was this…
Microsoft’s Downbeat Outlook
Check out the first sentence of the article…Microsoft has said sales in the first three months of 2009 fell 6% from the previous year- its first quarterly drop in 23 years as a public company.
Incredibly the once invincible software giant stated that profits fell by 32%…Wow 32% drop, this from a company that the Feds sued for heavy handed monopoly-like tactics. Sure, most of this is the result of the world economic crisis, but I think there is another factor at work also. Microsoft generates most of its profits by sales of its Windows Operating System and Microsoft Office. It is boxed software like Microsoft Office that is taking a big hit in the market place. As an example the search giant Google is pushing its own suite of Office software and its FREE. Google offers a FREE spreadsheet maker, a FREE word program, a Free database creator etc, etc…do you get it? Microsoft wants you to PAY about $200 for Office and Google is giving similar applications away FREE…Eventually, FREE has to have an effect of PAY…Am I right?
Whether this marks the beginning of the fall of the empire is yet to be determined…
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