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.
I wonder if it was June 6, 2006 when they were added. That would make sense…
…now that disappoints me sorely, it surely do ..because I do declare I have become so use to sucklin on that sack of udders.
I’m a frettin me up a storm with just thinkin. “Oh my”, a little voice in my secret self says to me …”you betta start pissin all over
yourself, now because some group of analysts got themselves airborn being as how the mammas milk is all dryin up and all.”
I met a traveller from an antique land
Who said: “Two vast and trunkless legs of stone
Stand in the desert. Near them on the sand,
Half sunk, a shattered visage lies, whose frown
And wrinkled lip and sneer of cold command
Tell that its sculptor well those passions read
Which yet survive, stamped on these lifeless things,
The hand that mocked them and the heart that fed.
And on the pedestal these words appear:
`My name is Ozymandias, King of Kings:
Look on my works, ye mighty, and despair!’
Nothing beside remains. Round the decay
Of that colossal wreck, boundless and bare,
The lone and level sands stretch far away.
From the article: Shouldn’t that be . . .
“Vista may be the last PIG operating system developed by the company.”
this sounds just like the dark days of Apple back in the mid to late 90s. Microsoft will be around but it will take a good decade or less to reinvent itself. As for me, I am 99% microsoft free.