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Microsoft Estimates Cut On "Deteriorating Fundamentals" (MSFT)

Ballmerhands.jpgA miserable economy with tight credit and poor PC sales means Microsoft's (MSFT) "fundamentals are deteriorating," says Citi's Brent Thill, who cut his estimates on the software giant.

New estimates: FY09 Revenue +3% (was +9%, guidance is +7-10%), EPS $1.88 (was $2.06, guidance is $2.00-$2.10).

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Earlier this month, UBS's Heather Bellini also warned Microsoft might miss its sales and profit forecasts.

See Also:
Microsoft May Blow Quarter -- Analyst
Sorry State Of PC Industry Getting Worse
Intel Slashes Q4 Guidance: Demand Weaker Than Expected, Everywhere

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