Microsoft (MSFT -1.27%)  reported earnings to be down 8%, and profits down 22%. Things are not  looking good for Microsoft only a quarter before the major product launch of Windows 8 and the surface tablet. Being so close to the PC market, Microsoft may be one of the reasons the PC market is in shambles. Companies such as Intel (INTC -2.40%), HP (HPQ 0.69%), and Dell (DELL.DL) are also being impacted by the overall PC market.