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Microsoft first-quarter income down 18 percent, still beats expectations
Microsoft just turned in its first quarter financial report card, and while the good vibes around Windows 7 launch haven't yet begun to fade, the numbers here aren't exactly cheery: revenue is down 14 percent from last year at $12.92b, operating income is down 25 percent at $4.48b, net income is down 18 percent at $3.57b, and earnings per share are down 17 percent at $0.40. Not wonderful, but it's better than analysts were expecting, and the stock is actually way up on the news. Adding in the deferred revenue from early sales of Windows 7 makes things look a little better still, with only a four percent decline in revenue and an eight percent increase in earnings per share, and the Entertainment and Devices Division -- home of the Xbox 360 and Zune HD -- is also a bright spot, increasing income from $159m to $312m on essentially unchanged revenue. Of course, the big test will actually be next quarter, after Windows 7 has really had a chance to make an impact -- we'll see if all these warm fuzzies translate into cold hard cash.
Garmin's Nuvifone delayed until early 2009
Somehow this doesn't surprise us. According to a statement released ahead of Garmin's Q2 earnings call, the company says it will be delaying the release of its Nuvifone from late 2008 until the first half of 2009. In the press release, the satnav-maker says it has "found that meeting some of the carrier specific requirements will take longer than anticipated," and claims it is "working toward making necessary design changes to meet their requirements." Here's hoping the bump stems from these minor niggles with carriers, versus trouble with the phone itself, which was running only a partially operational OS last time we saw it.[Via GPS Tracklog]
