Tag Archives: msft

Microsoft and Dropbox Form an Unlikely Alliance

Source Dropbox. Software giant Microsoft dropped a bit of a bombshell yesterday. The company announced a surprise partnership with Dropbox, the immensely popular cloud storage and file sharing service. The partnership is something

Microsoft stock inching closer to all-time high

Don’t look now, but Microsoft (MSFT) stock is at a 14-year high and is approaching its all-time high reached just before the dot-com crash. Microsoft stock peaked on Dec. 30, 1999, at a split-adjusted price of 53.98, just two weeks before Bill Gates, the company’s iconic co-founder and CEO, stepped down after 25 years at the top to devote more time to philanthropic activities. He handed over the reins on Jan. 13, 2000, to then-company President Steve Ballmer, who would oversee Microsoft during its so-called lost decade. While CEO, Ballmer missed major industry transitions to mobile and cloud computing. During his time in charge, Apple (AAPL) rose from near bankruptcy to become a tech industry leader thanks to innovations like the iPhone and iPad. Under pressure from Microsoft’s (MSFT) directors, Ballmer announced on Aug. 23, 2013, that he would retire after a new CEO was chosen. On Feb. 4, Satya Nadella…

Extolling The Virtues Of Nasdaq's QQQ

A new 14-year high in the NASDAQ-100 Index is certainly something to celebrate for investors that have ridden the ups and downs of these growth stocks since the start of the 21st century. Veteran traders will remember the exuberant sentiment that pushed the top NASDAQ index to stratospheric heights, only to watch it