Microsoft Shares Get a Lift from Jeffrey Ubben’s ValueAct Capital
|April 24th, 2013||
|Jeffrey Ubben, CEO of ValueAct Capital Management is looking past Microsoft’s venerable consumer business, which has been struggling lately, to its business applications and sees substantial upside. According to Money/CNN, the activist hedge fund has recently taken a $2 billion stake in Microsoft with an eye on its enterprise software solutions for large and small businesses. |
Jeffrey Ubben essentially dismisses Microsoft’s consumer strategy as irrelevant in view of the decline in PC sales and its potential in enterprise solutions, which is not yet reflected in its valuation. Microsoft shares, which have languished for years, have risen 5 percent since reports of ValueAct Capital’s interest have surfaced.
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