Forbes on MSFT
Even though the Redmond, Wash.-based software behemoth is getting closer to finally releasing its new operating system, known as Windows Vista, its growth businesses--like the Xbox video game console and its MSN Internet unit--remain unprofitable. Some investors now view Microsoft (nasdaq: MSFT - news - people )--once seen as the technology-growth play--as little more than a proxy for the entire market.
And you think I'm harsh :-)
American Century’s Telford, for one, is holding off buying shares. "We look for positive improvement and positive change," he says, "and we haven't seen it yet from them."
Although it's hard to disagree with that one. Or this one:
The company’s shares have lagged the S&P 500 over both the last three- and five-year periods. In fact, Microsoft’s stock price has compounded at a measly 1% annually since 2001.
1% annually since 2001? Hmmm, I wonder how that compares with executive compensation over that timeframe? I'll go out on a limb here, and guess "not favorably"...