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    Microsoft reports first loss in 26 years

    US computing giant Microsoft has reported the first unprofitable quarter since it became a public company in 1986 after it wrote down the value ...

    July 20, 2012 / 14:25 IST

    US computing giant Microsoft has reported the first unprofitable quarter since it became a public company in 1986 after it wrote down the value of its failing online ad business, reported RIA Novosti. The loss of $492 million in the fourth quarter stems mainly from the company's acquisition of online ad service aQuantive for $6.3 billion in 2007, which failed to compete with rival Google Inc.

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    first published: Jul 20, 2012 02:18 pm

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