When is enough enough? Microsoft has faced waves of competitive challenges on a variety of fronts that have undermined the company’s competitive position from where it stood in the 1990s. And yet, it remains extremely profitable and turns in one record quarter after another. So what gives with the lackluster share price?
That’s what investors wanted to know at Microsoft’s annual shareholders meeting, where Steve Ballmer, Bill Gates and other luminaries faced down questions about the stagnant market value, even deflecting a suggestion that the company be broken up. Declaring that divestment wouldn’t bring a lot of “synergies,” Ballmer instead preferred to talk about Microsoft’s adventures in cloud computing, mobile and gaming. Datamation has the story.
BELLEVUE, Wash. — Microsoft held its annual shareholders’ meeting Tuesday and notably not at the top of the agenda for many in the audience was a preview of what products the software giant is going to ship during the current fiscal year.
Instead, the question of the moment appeared to be, why is the stock price still stuck in the doldrums?