Hard to say what this means. Revenue is up on the whole except Windows, where it is down slightly even before the deferral. Expenses are up much more, resulti

Hard to say what this means. Revenue is up on the whole except Windows, where it is down slightly even before the deferral. Expenses are up much more, resulting in the loss. It isn't clear what they are spending on though. Moreover cash income is up. Even Windows grew when you add revenue to unearned cash. This tells me some interesting things: * Orders are up, fulfillment is up everywhere except Windows where orders are up and fulfilment is down even before adding in the deferral. * Microsoft's spending us significantly up.