Friday, July 29, 2005

Microsoft Makes Its Case That It Is a Growth Stock - New York Times

Microsoft Makes Its Case That It Is a Growth Stock - New York Times: "At Microsoft's annual briefing for analysts at its headquarters here, Mr. Ballmer sketched a portrait of the company's endeavors centered on 'anchor businesses' - like its Windows operating systems for PC's and servers and its Office productivity software - that will continue to grow 'robustly' through the end of the decade. He also pointed to growth potential in newer areas like Microsoft's video game business and software for mobile phones, interactive television and Web searching.
'We're not the kind of company that will get out here and make weird projections,' he said in a morning talk that led off a series of management presentations on the company's businesses. 'But I do know that the opportunity we have for growth is phenomenal.'
Microsoft's top executives have become increasingly frustrated over the last five years as the company's stock first declined and then remained flat while some of its competitors' shares have soared."
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