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Wednesday, October 06, 2010

Microsoft urged to sell off Xbox division as shares drop 2 per cent

Goldman Sachs have downgraded Microsoft shares and urged the company to sell it's unprofitable consumer entertainment division including Xbox.
Their Entertainment & Devices has been valued at 3.6 billion by Goldman Sachs. With the new Kinect control and Xbox LIVE (one of the largest cloud computing communities) the Xbox section could move to profit.

Microsoft share price fell by 2 per cent following Goldman Sach's report.

Full post here on TechFlash.

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