Ballmer’s Nokia drags Microsoft down
 

Shy and retired Microsoft CEO Steve “there is a Kind of Hush” Ballmer’s impulse buying the former rubber-boot maker Nokia has come back to haunt the behemoth.

Microsoft reported a $3.2 billion quarterly net loss, its biggest ever, as the company wrote down its Nokia phone business.

It was not all Steve’s fault, demand fell for its Windows operating system too, but that would be normal just a couple of weeks out from launching a new one.

The company took a charge of $7.5 billion in the fourth quarter related to restructuring its Nokia handset business, which it bought last year.

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