Goldman Sachs “removed software giant Microsoft Corp. from its ‘Americas Conviction Buy’ list,” John Letzing reports for MarketWatch.
“Microsoft, which had been on the list since June 2006, saw its shares fall slightly, to $28.54,” Letzing reports. “The investment bank said that with the recent releases of its Vista operating system and Office 2007 suite, Microsoft is headed toward an uncertain future as it spends heavily to increase online services.”
“‘Investor nervousness remains high, particularly given uncertainty regarding spending plans in [fiscal] 2008 and recent negative management comments on Vista,’ the analysts wrote. In February, Microsoft Chief Executive Steve Ballmer warned that some analysts’ expectations for Vista sales in fiscal 2008 were too high. The company also has indicated that it will spend significant amounts of money to increase its relatively small share of online services such as search,” Letzing reports.
Letzing reports, “Vista, Office 2007 and other contemporary Microsoft product releases ‘potentially mark the end of an era. … Changing technology and business models in areas such as software-as-a-service, virtualization and open source seek to diminish Microsoft’s stranglehold on the desktop, which in turn significantly depletes the company’s cash cow,’ the Goldman analysts wrote. ‘Vista may be the last big operating system developed by the company.'”
Full article here.
[Thanks to MacDailyNews Reader “Kevin” for the heads up.]
Related articles:
BloggingStocks: ‘Apple is a phenomenon’ – April 09, 2007
Microsoft is dead – April 08, 2007
Microsoft faces mutiny: Dell to expand Linux factory-installed options; HP dumps Media Center PCs – March 29, 2007
Spate of recent Mac security stories signal that Microsoft, others getting nervous – March 06, 2006
Apple’s Mac is not doomed to small market share forever; the ‘Ignorance Lag’ is ending – February 11, 2005
Defending Windows over Mac a sign of mental illness – December 20, 2003
MSFT is withering and dying.
Just as the buds of spring are showing on every branch of the Apple tree.
The stock hasn’t done a damn thing since the dot bomb crash of 2000, so I don’t know why they were on any “elite list” to begin with…
… and good riddance?
Couldn’t happen to a nicer bunch…..
Bye! Bye!
What reason did they have to ADD them to the list in June ’06?
R.I.W., Microsoft.
new title-
Goldman Socks Microsoft;Dumps Zune Maker
(Microsoft feels flushed…)
hit you while leaving.
Actually, who cares if the door slams on Ballmer best side.
When your ass is better than your face you know you are in for something!
Goldman Sacs dumps a micro soft turd. It was easy a GS employee grunted as things tapered off. With more moral fiber and the tightening of assests, this company could shed excess waste and be back on top of the throne once more.