Microsoft shares surged more than 4% on Wednesday to their highest price since mid-2000. The current stock price is at 44.07,  up 1.62 from yesterday, a 3.82% increase from the morning. Yesterday, Intel announced their quarterly results which showed a modest growth in PC market. I guess, that was the reason investors are going behind Microsoft shares. Intel’s PC Client Group saw a revenue of $8.7 billion, up 9 percent sequentially and up 6 percent year-over-year. Similarly, Microsoft’s Windows division revenue decline should have stopped this quarter. However, I expect Microsoft to post less than expected earnings because of the Nokia Devices and Services division acquisition. Microsoft bought a loss making venture, so it should affect Microsoft’s bottom line. Also, Microsoft is planning to layoff thousands of employees which will result in lots of costs associated with their compensation and severance packages. If you are a Microsoft investor, are you happy with their performance these days? ...

Read More →

Microsoft’s stock reached its highest price of $39.90 per share since 2000 yesterday. Thanks to the news regarding Office for iPad release. Office for the iPad has been rumored for many years now, but it appears Microsoft is finally ready to unveil the product later this month.  According to reports, Microsoft CEO Satya Nadella will himself demo the product marking his first major public appearance since becoming CEO. Yesterday, Microsoft sent out press invites for an event in San Fransisco on March 27th and Microsoft is expected to unveil Office for iPad on that day. It seems investors are too excited about this news that Microsoft is releasing Office for iPad. Office is already generating significant revenue for Microsoft and investors hope that releasing Office on new platforms should further increase Microsoft’s revenue. Rick Sherlund of Nomura Equity Research has a “Buy” rating on MSFT stock and has set a ...

Read More →