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.
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