Microsoft (NASDAQ:MSFT)  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 (NASDAQ:INTC), HP (NYSE:HPQ), and Dell (UNKNOWN:UNKNOWN) are also being impacted by the overall PC market. 

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