[Reuters] Microsoft plans over $1 bln charge for Xbox repairs

Posted by: UGN Security

[Reuters] Microsoft plans over $1 bln charge for Xbox repairs - 07/05/07 11:45 PM

LOS ANGELES (Reuters) - Microsoft Corp. said on Thursday said it would take a more than $1 billion charge to fix "an unacceptable number of repairs" to its Xbox 360 video game consoles and had missed shipment targets for the end of June.



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