Microsoft: More Resilient Than Given Credit For
by Bret Jensen
Microsoft (MSFT) is up about a $1 a share today in midday trading. The company delivered an earnings report after the bell Thursday that beat investor expectations. I predicted this in a recent article arguing that the slowdown in PC sales was fully baked into its cheap stock price. I understand the low expectations investors have for Mr. Softie. Other large cap tech stocks that were once darlings like Microsoft in the 90s such as Dell (DELL) and Hewlett Packard (HPQ) have fallen on hard times, have declining sales and are fighting for their lives. Even IBM Corp (IBM) is having a challenging time even showing meager revenue gains, which is cratering the stock today after a disappointing earnings report. read more »
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