NEW YORK ( TheStreet) -- The media fixated on a pseudo-historic aspect to Microsoft's (MSFT - Get Report) fourth-quarter earnings report yesterday, and in the process often failed to make a proper distinction about what actually matters going forward.The Associated Press was typical, running the headline: "Microsoft reports first loss as public company." The better part of the article revolved around Microsoft's $6.2 billion write-off of a failed online-advertising business they once hoped would allow it to compete with Google (GOOG - Get Report).
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