While Steven Sinofsky may not have many fans in Microsoft, it seems Wall Street loved him. In the wake of his departure Microsoft’s market cap took a $10 billion hit in early trading, recovering only somewhat during the course of the day. Analyst Rick Sherlund, Nomura explained why: “We hold Sinofsky in high regard as a technical visionary and his ability to deliver complex products on a timely basis,” he writes. “Sinofsky had previously driven successful Office releases, and the turn-around of Windows 7 after Vista, and we are of the view that the move is a loss to Microsoft. . We believe this also signals that Mr. Ballmer has no plans to turn over the reins as Microsoft’s CEO for the next several years, despite press speculation to the contrary. We think the move will weigh on the stock near-term. We don’t think the move is a reflection on ...

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