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Microsoft and Sony’s stock slides

Friday, 23rd January 2009 09:09 GMT By Mike

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GI reports that stock in Microsoft and Sony fell yesterday following both companies announcing company-wide cuts.

After announcing that it would be cutting 5000 jobs, Microsoft saw its share price drop almost 12 per cent ($2.27), down to $17.11 by the close US markets yesterday.

Sony, who cut both jobs and is undergoing internal restructuring, saw its share value drop to ¥136 ($1.54), to ¥1802 ($20.4).

It’s the end of the world as we know it.

By Mike Bowden

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