With our Q2 earnings announcement complete, a bit more of the story emerges from the number crunchers. As a public company, there’s a lot we can’t say, especially in a blog post. Because the company is owned by shareholders, we have to tell them what they’re doing all at the same time (i.e., publicly), if it’s going to affect the price of the stock at all. Otherwise, you’d all be in trouble for insider trading, and I’d be writing this from a federal prison (or from home with an ankle bracelet attached).
You can hear a podcast (okay, not really a “podcast,” but at least a recording) of the announcement call by clicking on Microsoft.com/MSFT. Listen in at about 18:30 or so, for the start of the bit on Xbox business.
Update: I'm told a full transcript of the earnings announcement conference call is on SeekingAlpha's Internet Stock Blog.