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News Breaks
April 18, 2013
14:22 EDTMSFTEarnings Preview: Microsoft seeks to continue rise despite weak PC sales
Microsoft (MSFT) is scheduled to report Q3 results after the market close on Thursday, April 18, with a conference call scheduled for 5:30 pm ET. Microsoft, a member of the Dow Jones Industrial Average, sells and licenses software to consumers and businesses, as well as marketing hardware including the Xbox and the Surface tablet. EXPECTATIONS: Analysts are looking for earnings per share of 68c on revenue of $20.56B, according to First Call. The consensus range for EPS is 64c-73c on revenue of $19.57B-$21.65B. LAST QUARTER: Microsoft reported Q2 EPS of 76c against estimates for 75c on revenue of $21.46B against estimates for $21.53B. The company said at that time that it had sold over 60M Windows 8 licenses to date. Microsoft forecast that for Q3 its product revenue would have "low teens" growth, its enterprise services would have "mid-teens" growth and that its multi-year licensing revenue would grow by "low double-digits" in the quarter. RESEARCH: Last week, research firms International Data Corporation and Gartner both estimated that PC sales declined by double-digits in the first three months of the year, with IDC stating sales fell 14% and Gartner pegging the slide at 11% compared to the prior year. The day after those reports, Nomura analyst Rick Sherlund downgraded the software maker to Neutral from Buy, citing sluggish sales of the Windows 8 operating system and Microsoft's lack of "compelling" new hardware products. Sherlund set a $30 price target on the shares, though he added that Microsoft's investment potential remains attractive for value-oriented buyers. The same day, Goldman Sachs downgraded Microsoft to Sell with a $27 price target, also citing the research from IDC. Since then, Bernstein said it expects Microsoft to report stronger than expected Q3 results, citing the potential benefit from corporate upgrades to Windows 7. Bernstein maintains an Outperform rating on the name. PRICE ACTION: In the last three months, Microsoft shares have gained about 5.7%. In afternoon trading ahead of tonight's report, Microsoft is nearly unchanged from yesterday's close at $28.81.
News For MSFT From The Last 14 Days
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March 23, 2015
11:31 EDTMSFTMicrosoft and Samsung expand global partnership
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March 22, 2015
17:07 EDTMSFTFTC disclosures embolden potential EU Google probe, WSJ says
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March 20, 2015
06:04 EDTMSFTGlobal smartphone shipments to reach 1.4B units in 2015, DigiTimes Research says
Global smartphone shipments in 2015 is expected to increase 16.4% to reach 1.40B units, reports DigiTimes Research. The shipment growth is due to higher growth in demand in emerging markets including India, Southeast Asia and Latin America. Android (GOOG) will account for 78.5% of 2015 global smartphone shipments, Apple's (AAPL) iOS 16.6%, Microsoft (MSFT) Windows 4% and BlackBerry (BBRY) 0.6%.Reference Link
March 19, 2015
12:06 EDTMSFTMicrosoft, Fuji Xerox announce patent agreement
Fuji Xerox and Microsoft (MSFT) announced a broad patent cross-licensing agreement. Building on a 2007 cross-licensing pact, the agreement ensures that Microsoft and Fuji Xerox continue to benefit from access to each otherís patent portfolios and accelerate research and development, the companies said. Fuji Xerox is a 75-25 joint venture between FUJIFILM (FUJIY) and Xerox Corporation (XRX).
05:50 EDTMSFTMicrosoft, BlackBerry raises cooperation for software products, DigiTimes says
Microsoft and Blackberry have been increasing their cooperation with other companies to promote sales of software platforms and related services, reports DigiTimes. According to industry sources, the new eefforts come after their global smartphone market edge dropped 2.8% and 0.6%, respectively. Reference Link
March 18, 2015
10:01 EDTMSFTPolycom and Microsoft announces new series of video collaboration solutions
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09:03 EDTMSFTMicrosoft price target lowered to $46 on rising headwinds at Morgan Stanley
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07:03 EDTMSFTSonus transitions enterprises to Microsoft Skype for business
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05:23 EDTMSFTQihoo 360 announces partnership with Microsoft
Qihu 360 (QIHU) announced a partnership with Microsoft (MSFT) to bring Windows 10, for free, to its customers in China through seamless upgrades. Qihu 360 will enable the Windows 10 upgrade with just a few clicks for their customers with accelerated download speeds. As a result, millions of Qihu 360 users will be able to upgrade to Windows 10 quickly and easily.
05:22 EDTMSFTMicrosoft announces strategic partnership with Tencent
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05:21 EDTMSFTMicrosoft announces Windows 10 to launch this Summer in 190 countries
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March 17, 2015
11:36 EDTMSFTGoPro Channel app tops 1M downloads on Xbox platform
GoPro (GPRO) announced that The GoPro Channel app has been downloaded over 1M times on the Xbox video game and entertainment system from Microsoft (MSFT). Additionally, users are watching an average of 25 minutes of GoPro videos during each viewing session. The GoPro Channel allows Xbox members worldwide to stream GoPro content on-demand, share favorite videos, and purchase cameras and accessories directly through the console.
09:13 EDTMSFTMSFT announced several partnerships with industry leaders
At Microsoft Convergence 2015, Microsoft (MSFT) announced several new partnerships with industry leaders. Teaming up with Microsoft, Ford Motor (F) will expand connected services for customers around the world with the creation of the Ford Service Delivery Network. Microsoft also announced several partnerships and collaboration agreements with leading companies in sales, field service, digital transaction management and analytics markets. Microsoft and InsideSales.com will offer its complete sales acceleration platform. Microsoft and FieldOne Systems announced their agreement to bring the FieldOne Sky field service management solution into the Microsoft Dynamics global independent software vendor program. DocuSign and Microsoft announced that the two companies will bring DocuSign's Digital Transaction Management platform to Microsoft Dynamics CRM users. Microsoft also announced the acquisition of intellectual property from Fusion Software which will add Voice of the Customer capabilities to Microsoft Dynamics.
09:07 EDTMSFTDISH's Sling TV launches on Xbox One
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09:05 EDTMSFTMicrosoft exec confirms plans to drop IE brand for new browser, The Verge says
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09:05 EDTMSFTMicrosoft Band now available at Best Buy, Target, Amazon, Re/code reports
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09:03 EDTMSFTElectronic Arts, Visceral Games announce availability of Battlefield Hardline
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07:12 EDTMSFTDeutsche Messe to hold a conference
CeBIT 2015 is being held in Hannover, Germany on March 15-20.
March 16, 2015
09:03 EDTMSFTMicrosoft price target lowered to $49 from $52 at UBS
UBS lowered its price target on Microsoft to $49 from $52 citing lower PC demand and foreign exchange headwinds. UBS reiterated its Buy rating on Microsoft shares.
07:32 EDTMSFTUBM Tech to hold a conference
Enterprise Connect 2015 is being held in Orlando, Florida on March 16-19.
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