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Microsoft hints at lower fourth quarter earnings

01/11, 3:55pm

Blames drive shortages from Thailand floods

In two separate conferences in Las Vegas yesterday, Microsoft executives predicted that PC shipments industrywide for the fourth quarter of 2011 will be lower than expected. Tami Reller, chief financial officer and chief marketing officer of Microsoft's Windows and Windows Live Division, said that estimates of overall PC shipments were about one percent lower than expected. Reller made the remarks at a Nomura Holdings Inc. event yesterday. Bill Koefoed, Microsoft's general manager of investor relations, made similar remarks at a JPMorgan Chase & Co. conference. Koefoed said the actual number may be even lower.

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