Microsoft Corporation (NASDAQ/MSFT) is a technology company that has been around since 1986 and was founded by Bill Gates. With a market cap of close to $300 billion, Microsoft is one of the largest companies in the world. The maker of the widely popular “Windows” operating system has run into difficulties due to competition, but its expansion into smartphones, tablets, and the “Xbox” gaming and entertainment system is driving renewed interest in Microsoft.
Microsoft was last modified: June 13th, 2013 by admin
FIT Stock Plummets After Announcement of Microsoft Band 2
Fitbit Inc. (NYSE:FIT) stock tumbled this week following Microsoft Corporation (NASDAQ:MSFT) releasing its newest wearable fitness device, the Microsoft Band 2.
The FIT stock price has tanked by more than six percent since Microsoft’s unveiling of the Band 2 on Tuesday,.
Microsoft Corporation (NASDAQ/MSFT) reported its earnings for the quarter ended June 30, 2015 on Tuesday July 21st, reflecting its focus on cloud computing and enterprise growth alongside the painful unwinding of its Nokia deal.
Shares of Microsoft dropped over four percent at the beginning of trading on Wednesday morning to.
The NASDAQ opened slightly higher on Monday July 20th, as Greece reopened its banks and started the process of paying off billions of euros owed to the International Monetary Fund (IMF).
European equities soared to six-week highs on Monday as Greece began to return to normality after a deal to agree on a new bailout package..
Microsoft Inc. (NASDAQ/MSFT) is laying off thousands of employees and writing off its smartphone business as part of an effort to keep up with the fast-moving technology landscape.
On Wednesday, July 8th, the software giant announced it would cut 7,800 jobs, mainly in the smartphone sector. The company will take a $7.6 billion impairment.
Microsoft Corporation (NASDAQ/MSFT) announced that its new operating system, “Windows 10,” will be released on July 29 of this year. (Source: Windows, June 1, 2015.)
For users currently running “Windows 7” and “Windows 8.1,” the upgrade to Windows 10 will be free.
Windows 10: New Features
Users of this new operating system.
Immediate term outlook:
The bear market rally in stocks that started in March 2009, extended because of unprecedented central bank money printing, is coming to an end. Gold bullion is up $1,000 an ounce since we first recommended it in 2002 and we are still bullish on the physical metal.
Short-to-medium term outlook:
World economies are entering their slowest growth period since 2009. The Chinese economy grew last year at its slowest pace in 24 years. Japan is in recession. The eurozone is in depression. With almost half the S&P 500 companies deriving revenue outside the U.S., slower world economic growth will negatively impact revenue and earnings growth of American companies. Domestically, America’s gross domestic product grew by only a meager 2.3% in the second quarter, which will negatively impact an already overpriced equity market.