Microsoft Corporation (MSFT) Not Leaving Hardware Business As of Now


Microsoft Corporation (NASDAQ:MSFT) it seems is not getting out of the hardware business anytime soon as the company is launching one product after another in that space. The company also made some recent changes, which were discussed by the “Squawk Alley” team on CNBC, recently.

“If you are thinking about this company and what it needs to do going forward is it’s a lot of moves in the enterprise space, getting down to its knitting also they announced a new universal keyboard that’s going to work with iPhones, with iPads, with other devices. This is a good move by Microsoft, doing what it does well, not sticking to that high brow Windows only approach. So, it probably pertains well, especially considering the optimism investors have been showing on the stock,” Jon Fortt said.

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Earlier today, Microsoft Corporation (NASDAQ:MSFT) issued a press release announcing Teri List-Stoll, 51, CFO of Kraft Foods Group Inc (NASDAQ:KRFT) and Charles W. Scharf, 49, CEO of Visa Inc (NYSE:V) would be joining the company’s board. The company also announced a growth of 11% in its quarterly dividend to $0.31 per share.

There was also a report from RCB, which highlighted that Microsoft Corporation (NASDAQ:MSFT) must get out of the business of first party hardware as it’s not really giving the company the revenues and the profit that were expected. Fortt agreed with the report and cited  Microsoft Corporation (NASDAQ:MSFT)’s acquisition of Nokia as an example that the company is really not doing great in the hardware market. It was also discussed in the program that the dividend increase by Microsoft Corporation (NASDAQ:MSFT) is not really significant for investors who buy the company’s stock for income purposes.

As of June 30, 2014, Jeffrey Ubben‘s ValueAct Capital owns over 74 million shares in Microsoft Corporation (NASDAQ:MSFT).

Disclosure: None

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