Tag Archives: msft

Microsoft Corp. Admits That Its Smartphone Foray Has Been a Disaster

Software giant Microsoft issued a press release on July 8 announcing that the company would be “restructuring” its phone business. This restructuring will include a slashing of up to 7,800 positions, a $7.6 billion impairment

Microsoft slashing phone unit is ‘postponing the inevitable’

M icrosoft’s latest round of layoffs and its massive write-off of the Nokia handset acquisition were seen as good [news by Wall Street analysts and investors on Thursday. Microsoft (MSFT) stock rose a fraction to 44.52 on the stock market today. But the Redmond, Wash.-based software leader still faces challenges in the phone business as well as from the sluggish personal computer market and its transition to a cloud computing business model.

Microsoft Cloud Growth Bullish, Says Morgan Stanley

Microsoft’s (MSFT) cloud business could come to the rescue of the struggling software giant, says Morgan Stanley. “Management’s target of $20 billion in commercial cloud revenue (for the fiscal year ending June 30, 2018) could prove conservative,” said Keith Weiss, an analyst at Morgan Stanley. He rates Microsoft stock equal weight, or hold. Microsoft on Wednesday took a $7.6 billion impairment charge on assets from its April 2014 acquisition of