Editor’s Note: Related tickers: Microsoft Corporation (NASDAQ:MSFT), Intel Corporation (NASDAQ:INTC), Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOG)
Shares of Microsoft Corporation (NASDAQ:MSFT) plummeted 11.40% to close at $31.40 in its last trading session. Share prices came midway of its price range of $26.26 to $36.43. However, shares remained as the most favorite among investors, with 248.43 million share exchanging hands, up from a meager average volume of 47.93 million shares. …The company has also tried to improve on the hardware front, with Microsoft planning to release Intel Corporation (NASDAQ:INTC) Haswell processors. As per Windows 8 hardware manufacturers themselves, Microsoft Corporation (NASDAQ:MSFT) is 18 months behind in technological terms what they ought to be.
A Horrible Windows 8 Experience (ChannelNomics)
Windows 8 has been on the market for nearly a year and the first significant update, Windows 8.1, is due for release in a few short weeks. Nevertheless, I can already see why Microsoft Corporation (NASDAQ:MSFT) is having such trouble getting people to “get” its new platform. My new Lenovo Helix arrived Friday afternoon. I would like to say this was an impulse buy, but it was more accidental. I’ve been spying the Helix since its announcement at CES last January. It has all the features no other convertible computer has: the convenience of a tablet, a full version of Windows, a full-sized keyboard, good battery life and the power of an Intel Corporation (NASDAQ:INTC) Core i7 processor.
Microsoft loses $34 billion market value (ET)
Microsoft Corporation (NASDAQ:MSFT) shares fell more than 11 percent on Friday, their biggest plunge in more than four years, a day after the software company posted dismal quarterly results due to weak demand for its latest Windows system and poor sales of its Surface tablet. The stock’s selloff, from five-year highs, is the biggest in percentage terms since January 2009, when the world’s largest software company cut 5,000 jobs during the recession. At one point in the day, losses exceeded 12 percent, making it the biggest fall since the Internet stock bubble burst in 2000.
Microsoft in talks with ValueAct over board seat – sources (Reuters)
Members of Microsoft Corporation (NASDAQ:MSFT)’s board have held talks with ValueAct Capital Management LP in recent days over the activist shareholder’s demands to secure a seat on the company’s board, two sources close to the matter said on Friday. ValueAct, which wants a say in the way the world’s largest software company is adapting to the new world of mobile computing, is seeking to nominate a person from its own organization, the sources said. The news comes as Microsoft Corporation (NASDAQ:MSFT) had its biggest sell-off in four years, wiping $34 billion off its market value, after quarterly results were hit by weak demand for its latest Windows system and poor sales of its Surface tablet.
Microsoft takes $900 million charge on Surface tablets (BizJournals)
Microsoft Corporation (NASDAQ:MSFT)’s jump into the tablet market has failed to pay off, with the company taking a $900 million charge attributed to inventory adjustments of its Surface RT devices. The company also cited the declining PC market in its quarterly earnings reported Thursday. Microsoft Corporation (NASDAQ:MSFT) launched the Surface tablets and overhauled its Windows operating system to better compete against competitors such as Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOG) as consumers continue to flock to mobile devices.
