Microsoft will lose $300 million on Yahoo
BetaNews | at | by Mike
Microsoft CEO Steve Ballmer gave a little more information to financial analysts than perhaps he planned. There are two versions of his slide presentation -- one with a slide he didn't present this morning. I downloaded the PowerPoint file, and then noticed it had disappeared from Microsoft's investor website. That was so Microsoft could remove the errant, and quite revealing, slide.
But the slide explains: "We will lose money in first 2 years ($300m total), then start making decent return ($400m steady)."
The slide reveals some information "context -- not for disclosure" that can be seen below. Microsoft expects $600 million to $700 million transition costs, with as much as $200 million in fiscal 2010, which ends June 30. The non-disclosure column breaks down the costs by category.