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In after-hours trading today, investors bid up Microsoft’s shares by 12 percent, to nearly $36. That added about $30 billion to its market value. Microsoft hasn’t seen that high a stock price since 2001.
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Nonetheless, a day after we marveled at the $15 billion value placed on the tiny business that is Facebook, this is a reminder that Microsoft, even if it is not so fashionable, has a business that makes real dollars and a lot of them.
Microsoft’s Billion Vista Bump - Bits - Technology - New York Times Blog
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