A miserable economy with tight credit and poor PC sales means Microsoft's (MSFT) "fundamentals are deteriorating," says Citi's Brent Thill, who cut his estimates on the software giant.
New estimates: FY09 Revenue +3% (was +9%, guidance is +7-10%), EPS $1.88 (was $2.06, guidance is $2.00-$2.10).
Earlier this month, UBS's Heather Bellini also warned Microsoft might miss its sales and profit forecasts.
See Also:
Microsoft May Blow Quarter -- Analyst
Sorry State Of PC Industry Getting Worse
Intel Slashes Q4 Guidance: Demand Weaker Than Expected, Everywhere
