Thursday, November 01, 2007

Business & Technology | Microsoft stock at highest point in 6 years | Seattle Times Newspaper

Meanwhile, somewhere outside the Bubble 2.0 twilight zone... 

Microsoft stock climbed to the highest in six years after a Sanford C. Bernstein & Co. analyst said the shares were undervalued based on the company's growth potential.

Microsoft rose $1.24, or 3.5 percent, to $36.81 Wednesday, the highest since June 2001. It has advanced 23 percent this year.

Microsoft "is well positioned strategically versus its traditional competitors and in a reasonably solid position to fight off its newer rivals," analyst Charles J. Di Bona wrote in a note. He boosted his share-price forecast by $4, or 11 percent, to $41.

Business & Technology | Microsoft stock at highest point in 6 years | Seattle Times Newspaper

Post a Comment