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Microsoft insider: ditch the Xbox and Bing

Microsoft insider and a 'longtime friend of Bill Gates' has said that MS should ditch Bing, and Xbox (NASDAQ:MSFT)

| Business, Financial & Legal News | Posted: Nov 7, 2013 10:34 am

A research note was posted by Normura analyst, Rick Sherlund, who The New York Times described as Goldman Sachs' "point person' for its work with Microsoft, and someone who is a longtime friend of Bill Gates.

 

TweakTown image news/3/3/33775_04_microsoft_insider_ditch_the_xbox_and_bing.jpg

 

Sherland wants Microsoft to dive out of its unprofitable search, and gaming businesses, he explained: "We estimate Microsoft has lost $17 billion with Bing over the past 10 years. It may be concerning to watch Google give away its Android operating system... but this is a superior business model... it is not important that Microsoft receive $5 or $10 billion for Bing ... but rather that it eliminate about 20 cents per share in annual losses."

 

What do you think? Losing billions upon billions of dollars just isn't good, and in the long run, I truly don't see Bing ever competing with Google. It's the same with Apple trying to compete with Google's search, even if they pumped $20 billion into it, I don't see Google being taken over.

NEWS SOURCES:Bgr.com

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