Review Category : Share price

  Last August, Microsoft announced that it has signed a cooperation agreement with ValueAct Capital which owns approximately 0.8 percent of the outstanding shares of Microsoft common stock and is one of the company’s largest shareholders. The cooperation agreement provided for regular meetings between Mason Morfit, president of ValueAct Capital, and selected Microsoft directors and management to discuss a range of significant business issues. The agreement also gave ValueAct Capital the option of having Morfit join the Microsoft board of directors beginning at the first quarterly board meeting after the 2013 annual shareholders meeting. As a result, Microsoft yesterday announced that Mason Morfit has joined Microsoft’s board of directors and its audit committee. Read the full press release below. REDMOND, Wash. — March 11, 2014 — Microsoft Corp. announced Tuesday that Mason Morfit, president of ValueAct Capital, has been appointed to the company’s board of directors and its audit committee. ...

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One would have thought securing the distribution for your new smartphone operating system with the biggest smartphone OEM in the world, addressing one of the biggest concerns shareholders had about the company’s mobile strategy, would have had some impact on Microsoft’s (MSFT)  share price. If fact the opposite appear to be the case, with share price down from a peak over the new year, and down close to 1% on the announcement of the deal on the 11th. The reasons for this is somewhat hard to explain, but appear to center around lack of confidence in the ability of Microsoft to execute, despite recent successes like Kinect and the resurgent Xbox 360, which in US has been the only console to see growing sales in the last quarter, and the successful launch of Windows phone 7. This perception is widely prevalent in the media and amongst analysts, and likely based by being ...

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