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Last Bytes Microsoft And Amazon Two Tales Of The Economy

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by Megan Barnett
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Apr 23 2009 5:40pm EDT

Last Bytes: Microsoft and Amazon, Two Tales of the Economy

For the first time in its history, Microsoft reported that revenue fell during the first quarter when compared to the first quarter of last year. Net income fell 32 percent and revenue fell 6 percent, but the software giant met analysts' expectations and shares rose slightly in after-hours trading. [Bloomberg]

Amazon continues to buck current economic trends. The online retailer beat expectations by posting a 24 percent increase in net income and an 18 percent rise in revenues. Bezos said the Kindle continues to surpass its internal expectations. [Reuters]

Remember Geocities? You probably assumed it died a long time ago, but in fact Yahoo just closed it down this month. [Techcrunch]

The judge in the Pirate Bay case evidently didn't disclose he's a member of two pro-copyright groups and now one of the convicted executives is trying to over turn his guilty verdict. [Wired.com]

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