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Microsoft plunges 11%, worst day since 2009

July 19, 2013: 4:01 PM ET

Shares of Microsoft tumbled Friday following a huge earnings miss.

It was a bloody day for technology stocks on Wall Street, as investors punished the entire sector after Google and Microsoft both delivered disappointing earnings results.

Microsoft (MSFT) took the worst beating, plunging more than 11% -- its worst one-day drop since January 2009. The company badly missed Wall Street's profit forecasts after taking a huge write-down on its Surface tablet last quarter.

That bad news as was a hot topic among traders on StockTwits, with some speculating that more pain is on the way for Microsoft.

$MSFT - My concern is that another billion will be written off next quarter b/c RT tablet is still too expensive.

And the calls for ousting Microsoft CEO Steve Ballmer grew louder once again.

$MSFT Come back, Bill! Ballmer is making a mess!

Moving on to $MSFT, now. Is Ballmer still CEO? Well, then they suck, get out. Kidding. Long term bullish. Short term its a mess.

But some traders remained optimistic, noting that Surface sales could improve as Microsoft releases updated versions.

$MSFT What's the mystery about poor Surface sales? Everyone knows you DON'T Buy$MSFT 1st generation, you wait for the fixes in 2nd or 3rd. Bullish

Other pinned their hopes on the company's Xbox One video game console.

$MSFT Xbox one should be a big product in Q4 and next year, any thoughts?

$MSFT is only a buy on dip if you believe new Xbox can carry the load moving forward. Otherwise no deal. Balmer is untrustworthy.

Google (GOOG) shares were also lower Friday, but investors weren't nearly as frustrated with the search giant's miss. The stock declined less than 2%. In fact, after hitting a three-week low within the first 15 minutes of trading, the stock began to trim its losses.

$MSFT this is not a falling knife but a sword... $GOOG is a different story though

$GOOG is too big to fail. Obviously.

$GOOG is really loved, with this miss and this loss. with $APPL this miss would mean 20% drop

In fact, Apple (AAPL), which reports earning next week, was down more than 1%, as it declined alongside the rest of the tech sector.

$GOOG Traders selling $AAPL to buy GOOG on sale. #pretzellogic

Looks like $GOOG is bullet proof, not sure i would want to be long $AAPL heading into earnings, sentiment trumps fundamentals

While the comparisons between Google and Apple mostly came down in favor of Google, one trader suggested that perhaps Google investors should take a lesson from Apple's recent slide. The stock dropped a whopping 45% from the all-time high in September through mid-April. Apple shares have since begun to recover, but remain a sizable 40% below the record high.

$GOOG people still chasing bubbles, no one learned from $AAPL

  • Sinofsky's departure 'a clear blow' to Microsoft

    Microsoft stock could remain under pressure as investors consider the ramifications of Windows chief Steven Sinofsky's sudden departure from the company after more than 20 years of service.

    Shares of Microsoft (MSFT) dropped more than 5% early Tuesday to $26.75, the lowest level since January. By the afternoon, the stock pared some of the losses, but was still down about 3%.

    Sinofsky's exit came as a surprise, coming just two weeks after Microsoft's launch of MORE

    - Nov 13, 2012 1:19 PM ET
Fear & Greed
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#StupidStock Move of the Day! Am I missing something on $WWE? Looked like good subscriber #s. Big run YTD but down 13% today? Overreaction.
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