Microsoft's Fiscal 2009 Q1: The good, bad and (not so) ugly

There are a lot of write-ups around the Web aboutMicrosoft's first quarter earnings for fiscal 2009, which the company announced on October 23, so I won't waste a lot of time recapping them here.

For its first quarter ending on September 30,Microsoft reported net income of $4.37 billion, or 48 cents a share, on revenue of $15.06 billion. Wall Street was expecting earnings of 47 cents a share on revenue of $14.78 billion. As expected, the Redmonians did lower its guidance for the coming year.

A few pointers to some noteworthy items:

• ZDNet's Between the Lines: Office shines, Online doesn't
• Computerworld: Microsoft forecast shows Windows, Office heading in opposite directions
• IDG News Service: Microsoft to cut spending $500 million for rest of fiscal '09
• Seattle Times: Down economy a good time for Microsoft acquisitions, CFO says