"The possible restructuring comes amid increasing investor pressure on Microsoft and, interestingly, a recent run-up in its stock.Nomura Equity Research analyst Rick Sherlund, who has covered the company since it went public, wrote last week that “there may be a shift in the wind upcoming for Microsoft, with shareholders potentially demanding a greater say in the direction of the company and how it might be run to drive a better return to shareholders.” In his note, Sherlund recommended that Microsoft consider selling off its Bing search business, as well as its Xbox gaming unit.
This focus on shareholder returns has again come into sharper relief since it was disclosed that ValueAct Capital had bought about 1 percent of Microsoft’s stock, and Sherlund noted that this stake could allow the hedge fund to push for change “with the support of others to advance their agenda for change.”"
All Things D - "Microsoft Ponders Major Restructuring..."
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mikiem2
ModeratorPosted 10 years ago #
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