“Much has been written about Microsoft’s revitalization under new CEO Satya Nadella,” Patrick Seitz reports for Barron’s. “But Jefferies analyst John DiFucci isn’t buying into the talk that Microsoft has been transformed from a PC-centric software firm to one focused on mobile and cloud computing.”
“DiFucci launched coverage of Microsoft with an underperform rating and a price target of 40. He said that Nadella has done little to address core problems at the company,” Seitz reports. “‘We believe the ‘new’ Microsoft will look very much like the ‘old’ Microsoft for some time,’ DiFucci said in his report. He noted that the majority of Microsoft’s operating profit is still tied to PCs and sees Google Chromebooks and tablets eating into Windows’ computing share.”
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MacDailyNews Take: Somebody gets it.