MSFT Down In Sideways Market Stocks are trading sideways today on disappointing earnings from
Pfizer, and on a boost from
Alcoa and
JP Morgan, which are offsetting the market drop earlier. Shares of Microsoft are trading in the negative with the rest of tech. Upcoming catalysts include entrance in the tablet market at some point;
Windows Phone 7 adoption with hardware partner
Nokia; strides against current market leaders in cloud computing; retooling the
Bing /
Yahoo! partnership (or just buying them outright); and continued momentum of
Kinect and the next gen console. The stock currently trades at
8x Enterprise Value / TTM Free Cash Flow, inexpensive compared to historical trading multiples.
Earnings Recap: Questions Remain About Microsoft's Future Dominance
(The New York Times) Microsoft is being left behind. While PC sales falter, the popularity of smartphones and tablets rises. Two areas where currently Microsoft has little to no presence. To be sure, other parts of the company’s business remain strong; Office grew 21% and Entertainment and Devices business grew 60%. But downbeat reports about PC shipments continue to raise questions about Microsoft’s future dominance. As such,
the stock experienced its biggest single day decline in two years after the company reported earnings. Read » Microsoft's Browser Share Falls To New Low (PC World) The March launches of
Internet Explorer 9 (IE9) and
Firefox 4 failed to stop Microsoft's and Mozilla's decline in browser share, according to Net Applications. IE9 did manage to gain enough usage that new statistics show it surpassing
Opera. Overall, IE lost eight-tenths of a percentage point of share in April, falling to 55.1%, a new low for Microsoft. All the while,
Chrome and
Safari are quietly gaining market share.
Read » Microsoft Launches Translation Tool To Convert iOS Apps Into WP7 Apps (eWeek) Hoping to tap into the momentum of developers building applications for the
Apple, Microsoft has launched a new tool to help migrate
iPhone applications to
Windows Phone 7; it is like a translation dictionary. Now, developers can go through the code of their iPhone app and find the equivalent API calls for a
Windows Phone 7 app. That's one way to do it.
Read » Famed Investment Manager Shifts More Money Into Microsoft
(Wall Street Cheat Sheet) Donald Yacktman is no ordinary investor. As a matter of fact, he was a runner-up in Morningstar’s Fund Manager of the Decade award. So what does he own? Well, according to the most recent 13F filings, Microsoft. Since the return opportunity spreads have narrowed, Yacktman feels he can get more bang for his risk buck by investing in quality large capitalization stocks.
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