It has recently been popular to prognosticate Microsoft's impending doom, but there's one big reason to believe in a successful future for the software giant: Cash. Microsoft is sitting on a giant pile of it, and it makes billions more every quarter.
Microsoft (MSFT, Fortune 500) has certainly had a rough few weeks. Longtime rival Apple (AAPL, Fortune 500) surpassed the company in market value, and Steve Jobs' unveiling of the iPhone 4 served as a stark reminder of how far Microsoft has fallen behind in the smart phone space. CEO Steve Ballmer yet again reorganized the company's struggling entertainment division. And Hewlett-Packard (HPQ, Fortune 500) -- Microsoft's most vital partner -- opted to dump Windows 7 for HP's soon-to-be-released iPad competitor, the Slate tablet, in favor of Palm's WebOS.
Sunday, June 20, 2010
Predicting Microsoft's doom unrealistic
Microsoft has it's share of haters out there, but as this CNN Money article points out it's not going anywhere, except maybe to the bank:
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