Charles Bona
Charles Bona
both chose couple create delay demand initial launch marketing maximum microsoft office order products rather resources separated split strategy surprising trying
We do not find it surprising that Microsoft chose to delay the Office launch in order to launch the two products together. We think this strategy is appropriate as a way to create the maximum initial demand for both products, rather than trying to split marketing resources between two big launches separated by only a couple of months.
compelling feeling good hard individual investor microsoft software strategy
I think that the fluctuations are going to be very hard for the individual investor to keep up with. But our feeling is that Microsoft is a compelling software story at these valuations, and we have an 'outperform' on the stock. Buy-and-hold is a good strategy here.
clarity expect investors looks plan
We expect some investors to look for clarity on what Microsoft's dividend plan looks like going forward.
people
People should not be overwrought about the unearned balance.
somewhat swings
The swings are going to be very rapid, and they could be somewhat sizeable.
annual built company estimate five growth next organic targeted
We estimate that organic growth of this company is about 10% (annually) and they've targeted 20% annual growth over the next five years. There are a lot of acquisitions built into that.
microsoft roots
Microsoft is really going back to its roots here.
database people
I think people were disappointed in the database number.
trails whether
I don't know whether you have 'anti-social' trails here,
annual clear fine numbers
What's clear is that the annual numbers are fine for the Xbox,
database weaker
The database is a little weaker than we expected.
begin company earnings fat increased margin miss mostly run
The miss on earnings is mostly because of margin compression and increased costs. They run this company really fat to begin with, and if they are getting even fatter, it's absurd.
benefit company extremely flows people spend whether worried
This is still a company that is extremely profitable. What people are worried about is whether that ever flows through ... to the benefit of shareholders, or does the company spend that money.
announced costs couple cut hundred imagine million mix oracle toward
Oracle said it wanted to cut costs by a couple hundred million when it announced the deal. I would imagine it will come from a mix of the two companies, but more heavily weighted toward Oracle.