Investors suing Microsoft over "false and misleading" Surface RT info

Investors suing Microsoft over
At this point, it's no secret that the Surface RT tablet has been a mess for Microsoft. Sales have been bad, and Microsoft ended up having to take a $900 million write-off on its earnings because of Surface RT inventory that never sold. The thing is that Microsoft didn't make the situation seem so bad, and that has caused some problems with investors.

New York law firm Robbins Geller Rudman & Dowd LLP has filed a class action lawsuit against Microsoft claiming that the company made "false and misleading" statements about the Surface RT between April 18, 2013 and July 18, 2013. The lawsuit says that Microsoft knew that RT sales were bad, and that its financial performance would be taking a hit, but purposefully mislead investors. 

We can't say how the lawsuit will turn out, but the fact that the lawsuit exists isn't really much of a surprise. The general consensus was that the Surface RT was a bomb, and whether or not Microsoft did mislead investors, a product with high costs and low demand is bound to anger investors especially considering the hit that Microsoft stock took as a result of the earnings report.  

source: PCWorld

Related phones

Surface RT
  • Display 10.6" 1366 x 768 pixels
  • Camera 1 megapixel
  • Processor NVIDIA Tegra 3 T30, Quad-core, 1300 MHz
  • Storage 32 GB

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11 Comments

1. omar300

Posts: 210; Member since: Jun 24, 2012

this is same story as blackberry investor suing blackberry for misleading bb10 plans, that case was thrown out of court. seeing how strong microsoft is with judges, this sue case is a joke.

7. rusticguy

Posts: 2828; Member since: Aug 11, 2012

Who knows funded by M$ itself to get some attention ...

9. tigermcm

Posts: 861; Member since: Sep 02, 2009

aaaaaaand MS would need attention why again? its not like MS fell off the map and are trying to be seen, we see MS quite clear

11. EXkurogane

Posts: 863; Member since: Mar 07, 2013

They should first sue themselves for being idiots not being able to notice the difference

2. gazmatic

Posts: 822; Member since: Sep 06, 2012

MS cannot catch a break first metro, then skydrive, now this

3. chemhaz

Posts: 161; Member since: May 04, 2012

Have a fire sale and let them go out cheap. One they are out in volumes and peolple realize they are great everyone will want one then release a new model with an adjusted price. I dont know anyone who owns one but at the right price I'll give one a go, however at similar price to an established OS I wont take the plunge.

4. jove39

Posts: 2148; Member since: Oct 18, 2011

MS planning fire sale for SurfaceRT...just about time...most probably it'll happen around thanks giving :)

5. AfterShock

Posts: 4147; Member since: Nov 02, 2012

Behave blase with others money and bad things happen. Crashed and burned, then tried to hide the wreckage.

6. CX3NT3_713

Posts: 2363; Member since: Apr 18, 2011

Fire sale :-] ....make $omething... instead of nothing

8. taikucing unregistered

add the ability to run x86 apps, people will buy it.

10. Airforce

Posts: 70; Member since: Jul 24, 2012

Imagine

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