Archive for category Commentary
Good Grief! The EU has fined Microsoft $730 million for failure to give users the option to select a Web browser other than Internet Explorer. And Microsoft admits they did it. “Yep. We screwed up. A technical oversight.”
When are heads going to roll in Redmond?
- A decade of flat stock price in the biggest bull market in history.
- More than a decade without a truly new product.
- Complete failure in the smart phone and tablet products.
- Over $3 billion in fines paid to the EU.
- Billions squandered is useless acquisitions.
What other company in the world with this kind of litany of failures still has the same CEO?
- EU fines Microsoft over web browser (bbc.co.uk)
I don’t work at Microsoft any longer and I dumped the last of my MSFT stock earlier this year. And I feel good about it especially after reading the description of the latest shareholders’ meeting. Mr. Ballmer reprised his past performances, telling everyone what a great year the company had and how rosy the future is, emphasizing –get this–: “We are in the Windows era. We were, we are and we always will be.” How’s that for thinking outside the box? He’s saying effectively, “You know that stuff we did in 1981? It was great and that’s all we’re ever going to do.”
I’m stunned how a CEO and corporate board can have so little regard for the shareholders. They absolutely don’t care that MSFT stock price has been flat for a decade and seem to think it’s unreasonable for shareholders to ask for a better ROI than zero.
MSFT ended the day yesterday at $26.74. Ten years ago, Nov. 16 2001, it closed at $32.88. By comparison, McDonalds, another mature company with a pretty basic product line has managed to raise its share price from $28.01 to $94.47 while paying out a 2.5% dividend.
- Stuck stock price hangs over Microsoft meeting (seattletimes.nwsource.com)
- Ballmer misquoted, Microsoft not bringing “Windows 8 down to the phone” (winrumors.com)
I heard today (The News Hour, June 16th) that there are more retail guns stores in the U.S. than there are McDonald’s restaurants in the world. What a bizarre culture we live in where it’s easier to buy AK-47s than quarter pounders and fries.
And thanks to recent federal legislation it will be legal to carry all those munitions in national parks.