Microsoft Corporation (MSFT) - NASDAQ
  • Sun, Jul. 3, 9:20 AM
    • A bidding war with Salesforce.com (NYSE:CRM) forced Microsoft (NASDAQ:MSFT) to pay nearly $6B extra last month to seal its planned takeover of LinkedIn (NYSE:LNKD).
    • Details of the frenzied bidding were revealed in a filing with the SEC ahead of a shareholder vote to approve the transaction.
    • A month-long back-and-forth between the two rivals pushed the value of the all-cash deal to $26.2B, making it the third-largest acquisition in the tech industry.
    • Previously: Bloomberg: Salesforce bid for LinkedIn prior to the Microsoft deal (Jun. 16 2016)
    | Sun, Jul. 3, 9:20 AM | 27 Comments
  • Fri, Jun. 24, 12:30 PM
  • Fri, Jun. 17, 4:07 AM
    • As state after state legalizes marijuana in one way or another, big names in corporate America have stayed away entirely.
    • But Microsoft (NASDAQ:MSFT) is breaking the taboo by announcing a partnership with Kind Financial.
    • The company provides "seed to sale" services for cannabis growers, allowing them to track inventory, navigate laws and handle transactions, ensuring that they remain in the daylight of legality.
    | Fri, Jun. 17, 4:07 AM | 16 Comments
  • Thu, Jun. 16, 6:03 PM
    • Salesforce (NYSE:CRM) was bidding for LinkedIn (NYSE:LNKD) before the professional social network agreed to a $26.2B deal with Microsoft (NASDAQ:MSFT), sources tell Bloomberg.
    • There was already speculation Salesforce (currently has a $55.3B market cap) or another third party was vying to acquire LinkedIn, given Microsoft is paying a near-50% premium to where LinkedIn traded before the deal was announced. LinkedIn's recruiting/jobs products would've complemented Salesforce's cloud CRM apps, and its user data could've been integrated with the apps. LinkedIn's Sales Navigator social selling tool already syncs with Salesforce's apps.
    • Last year, Salesforce was reported to have held buyout talks with Microsoft that fell apart due to disagreements over price.
    | Thu, Jun. 16, 6:03 PM | 17 Comments
  • Tue, Jun. 14, 10:59 PM
    • Microsoft (NASDAQ:MSFT) declares $0.36/share quarterly dividend, in line with previous.
    • Forward yield 2.89%
    • Payable Sept. 8; for shareholders of record Aug. 18; ex-div Aug. 16.
    | Tue, Jun. 14, 10:59 PM | 7 Comments
  • Tue, Jun. 14, 5:49 AM
    • Moody's has placed Microsoft's (NASDAQ:MSFT) 'AAA' credit rating under review for downgrade following the software giant's deal to buy LinkedIn (NYSE:LNKD) for $26.2B, citing concerns that it would be funded through new debt.
    • Why is Microsoft taking out such a big loan if it has enough cash to buy LinkedIn 4x over? Bloomberg's David Kocieniewski says it could lower the tech giant’s tax bill (it will avoid paying a 35% tax rate to repatriate cash from overseas and could also deduct interest payments).
    | Tue, Jun. 14, 5:49 AM | 14 Comments
  • Mon, Jun. 13, 12:56 PM
    • As indicated by a Sunday leak, Microsoft's (MSFT -2.6%) Xbox One S is 40% smaller than the original Xbox One, and does away with the console's external power supply. It also adds support for 4K video (but not 4K gaming), and HDR gaming and video.
    • The console goes on sale in August. A 500GB model will go for $299, and a 2TB model for $349. The start price for the original Xbox One had been cut to $299 ahead of the One S launch.
    • Sony's PlayStation 4, which has outsold the Xbox One since the consoles became available in Nov. 2013, currently starts at $349. A PS4 capable of playing 4K games is due later this year.
    • Microsoft continues trading lower as markets digest the company's $26.2B purchase of LinkedIn. Jefferies' John DiFucci questions the price Microsoft is paying. "While we believe there is some strategic rationale supporting the deal, we question at what cost. Despite a new management team, this appears to be a similar playbook to previous material acquisitions. MSFT has historically gotten a free pass from investors since these deals typically only represented about a Q of [free cash flow], vs. more than a year’s worth for LNKD, which may force accountability."
    • ZDNet's Mary Jo Foley points out Microsoft and LinkedIn have complementary datasets for office workers, and that many of the expected synergies for the deal involve fusing those datasets. Microsoft has published a slide deck (.pdf) outlining its reasoning for the purchase.
    | Mon, Jun. 13, 12:56 PM | 11 Comments
  • Mon, Jun. 13, 8:53 AM
    • Microsoft (NASDAQ:MSFT) will fund the deal mostly by issuing debt, with LinkedIn's (NYSE:LNKD) results to be reported as part of MSFT's Productivity and Business Processes segment. EPS is expected to take a minimal hit in fiscals 2017 and 2018, but the deal should become accretive beginning in fiscal 2019.
    • The purchase is expected to close this year.
    • Microsoft still intends to complete its current $40B buyback plan by year-end.
    • Jeff Weiner will remain CEO of LinkedIn, reporting to Microsoft chief Satya Nadella.
    • Nadella: "Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organization on the planet.”
    • A conference call is scheduled for 11:45 ET.
    • LNKD remains higher by 48.4% to $194.49. Reopened for trade, MSFT is lower by 3.6%.
    • Previously: Microsoft buys LinkedIn for $26.2B (June 13)
    • Twitter next? TWTR is higher by 4% premarket.
    | Mon, Jun. 13, 8:53 AM | 62 Comments
  • Mon, Jun. 13, 8:40 AM
    • The all-cash deal for LinkedIn (NYSE:LNKD) works out to $196 per share.
    • LinkedIn is higher by 49% premarket to $194.89. MSFT is halted from trade.
    | Mon, Jun. 13, 8:40 AM | 180 Comments
  • Thu, Jun. 9, 12:47 PM
    • Q1 Worldwide Business smartphone shipments of 92.2M units fell 21% Q/Q, and increased 0.5% Y/Y according to Strategy Analytics.
    • Worldwide Business tablet shipments of 17.3M units fell 34.5% Q/Q, and 9.8% Y/Y.
    • Weak global demand, slowing economy and higher inventory hampered the growth of both BYOD and corporate-liable markets.
    • "Longer life cycles, increased competition from other categories such as larger smartphones/phablets, combined with the fact that end users can install the latest operating systems on their older tablets has stifled enthusiasm for these devices in both BYOD and corporate-liable environments. In addition, Q4 2015 registered a strong quarter for business tablets, hence a soft first quarter of the year is not unusual," said Andrew Brown, ED of Enterprise Research at Strategy Analytics.
    | Thu, Jun. 9, 12:47 PM | 50 Comments
  • Thu, Jun. 9, 8:56 AM
    • Global PC shipments this year are expected to fall 7.3%, according to IDC, roughly 200 basis points worse than the group's previous forecast. This cut comes after Q1 shipments fell 12.5% Y/Y vs. the anticipated 11.3% decline.
    • "The latest update reflects continuing pressure on PC shipments, but does not significantly change the factors driving the market," says IDC's Loren Loverde, adding that with an unprecedented four straight quarters of double-digit volume declines, the bar has been lowered for some improvement going forward.
    • Tickers of interest: INTC, MSFT, OTCPK:LNVGY, NVDA, AMD, MU, STX, WDC
    | Thu, Jun. 9, 8:56 AM | 32 Comments
  • Thu, Jun. 2, 7:59 PM
    • Worried about a long-term decline in Microsoft's (NASDAQ:MSFT) on-premise software business, chairman John Thompson and other directors are "pushing for a more aggressive shift" towards cloud offerings, says Bloomberg.
    • Ideas being mulled include increasing (R&D?) spending, overhauling Microsoft's salesforce - it has already been aggressively promoting cloud services to the company's enterprise base - and "managing partnerships differently." Microsoft's commercial cloud ops (they include Azure and business Office 365 sales) were on a $10B/year run rate as of April, but that's still only equal to 10.5% of an FY17 (ends June '17) revenue consensus of $95.2B.
    • Microsoft has already rolled out a number of cloud apps and Azure services during Satya Nadella's time as CEO, as well as made some-cloud-related acquisitions. Could a larger deal now be considered? Microsoft reportedly held buyout talks with cloud CRM software giant Salesforce last year that fell apart due to price, and Salesforce CEO Marc Benioff didn't quite shoot down the possibility of a Microsoft deal when recently asked about one.
    | Thu, Jun. 2, 7:59 PM | 30 Comments
  • Wed, Jun. 1, 2:07 PM
    • Microsoft's (NASDAQ:MSFT) Windows Holographic software platform, which underpins the company's HoloLens augmented reality (AR) headset, is being opened up to third-party hardware firms, with the goal of creating an ecosystem of "PCs, displays, accessories, and mixed reality devices."
    • By "mixed reality," Microsoft is talking not only about the kind of AR experiences enabled by HoloLens, but also solutions that can deliver both VR and AR experiences. "Imagine wearing a VR device and seeing your physical hands as you manipulate an object, working on the scanned 3D image of a real object, or bringing in a holographic representation of another person into your virtual world so you can collaborate. In this world, devices can spatially map your environment wherever you are; manipulating digital content is as easy and natural as picking up a box or sitting at a table; and you can easily teleport into your next meeting or travel together as a team."
    • Dell, HP, Intel, Qualcomm, Lenovo, AMD, and HTC are among Microsoft's initial Windows Holographic partners. For now, Facebook's Oculus unit, which Microsoft has partnered with to support the playback of Xbox One games on Oculus Rift VR headsets connected to Windows 10 PCs, isn't on the list.
    • Himax (HIMX +5.2%), which has developed microdisplays, wafer-level optics solutions, and display driver ICs for VR/AR headsets, has rallied following Microsoft's announcement. For the time being, VR/AR products account for a small percentage of Himax's revenue.
    | Wed, Jun. 1, 2:07 PM | 4 Comments
  • Wed, Jun. 1, 4:10 AM
    • Xiaomi (Private:XI) has agreed to purchase around 1,500 patents from Microsoft (NASDAQ:MSFT), a rare departure for the U.S. company and part of what the two firms say is the start of a long-term partnership.
    • The deal also includes a patent cross-licensing arrangement and a commitment by Xiaomi to install copies of Microsoft software, including Office and Skype, on its phones and tablets.
    • Both companies declined to discuss financial terms of the deal.
    | Wed, Jun. 1, 4:10 AM | 5 Comments
  • Tue, May 31, 2:44 PM
    • Microsoft (NASDAQ:MSFT) has started a venture capital fund to pursue early-stage technology investments, including cloud computing and artificial intelligence.
    • It's called Microsoft Ventures -- not to be confused with the existing group by that name, a startup accelerator that will be renamed "Microsoft Accelerator." The new Microsoft Ventures will sit on a continuum between Microsoft Accelerator and the company's bigger, more traditional M&A activity.
    • The company has typically invested alongside commercial deals, so the new creation is a move to an earlier part of the process. The unit will open offices in San Francisco, Seattle, New York and Tel Aviv and will be run by Nagraj Kashyap and Peggy Johnson, both veterans of Qualcomm.
    | Tue, May 31, 2:44 PM | 2 Comments
  • Fri, May 27, 1:53 PM
    • Sources tell dealReporter P-E firm Vista Equity is close to an agreement to buy Marketo (MKTO +6.7%), and that a deal could be announced in the "next couple " of weeks.
    • The site adds Marketo's lack of profits limited buyout interest, and that Vista will have to show it can deliver major cost cuts to secure debt financing for the deal.
    • Marketo surged earlier this month on reports the company is exploring a sale. There had been speculation Microsoft (NASDAQ:MSFT) and/or SAP - each of which could use Marketo's cloud marketing automation software to fill out their cloud CRM software lines and better compete against Oracle/Salesforce - would bid for the company.
    • Shares are up 43% since the reports arrived on May 10. If Vista buys Marketo, Microsoft/SAP buyout speculation could turn towards rival HubSpot (HUBS +0.8%).
    | Fri, May 27, 1:53 PM
Company Description
Microsoft Corp. develops and markets software, services and hardware that deliver new opportunities, greater convenience and enhanced value to people's lives. The company's products include operating systems for computing devices, servers, phones, and other intelligent devices; server... More
Sector: Technology
Industry: Application Software
Country: United States