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Microsoft case settlement won't solve revenue concerns | |
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| Time: 04:23 EST/09:23 GMT | News Source: Press Release | Posted By: Byron Hinson | ||
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Microsoft finally may have shaken off its antitrust woes, but the legal settlement won't solve the software giant's biggest problem: Growth of its main business is stalling. Microsoft became the behemoth it is today by selling software that runs personal computers -- all at a time when PCs grew from an obscure hobby into a common household appliance. The company's revenue has soared an average of nearly 40 percent a year since it went public in 1986. Growing at half that pace today means adding another $5 billion a year to the coffers, no easy task when PC sales are dropping, businesses are cutting back technology spending and consumer confidence has hit a nine-year low. | ||
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