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Gates: Losses are very intentional

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On November 21, 2002, 4:02 PM

He told the the Financial Times at this week's Comdex Fall trade event: "Of the businesses that we are investing in, (the losses are) all very intentional. It is not like we thought we'd be making money on Xbox at this point, or on business solutions, or mobile, or MSN."

For the most recently reported quarter, Microsoft's client division (mostly made up of the Windows operating system business) made $2.48 billion on revenues of $2.89 billion and its information worker division turned in profits of $1.88 billion on $2.3 billion of sales.

Read more: [URL=http://zdnet.com.com/2100-1106-966696.html]CNet News[/URL].

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