TechHive: Microsoft's Surface RT snafu prompts shareholder suit

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Microsoft's Surface RT snafu prompts shareholder suit Aug 13th 2013, 17:51, by Mark Hachman Unsurprisingly, a New York law firm has filed the first class-action lawsuit alleging that Microsoft misled investors over the state of its Surface with Windows RT tablet. Robbins Geller Rudman & Dowd LLP claims that Microsoft made "false and misleading" statements about its financial performance and the Surface RT tablet between April 18, 2013 and July 18, 2013. During that time, the firm alleges, Microsoft knew that the Surface RT was experiencing poor customer demand and lackluster sales, and that it had materially declined in value. Martyn Williams Microsoft couldn't be reached for comment at press time. On July 18, Microsoft took a $900 million charge against earnings, writing down the value of the Surface tablet after it reduced its price by $150. It later discounted the Surface Pro by $100 as well, although Microsoft representatives haven't said whether or not the $900 million accounted for those discounts, either. To read this article in full or to leave a comment, please click here Media files: ballmer-surface-intr-100012380-small.jpg

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