Microsoft Announces Restructuring of Phone Hardware Business
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UBS Raises Price Target on Microsoft (MSFT) Ahead of Windows 10 Release
July 10, 2015 9:35 AM EDTUBS reiterates a Buy rating on Microsoft (NASDAQ: MSFT), and raises the price target to $52.00 (from $50.00), ahead of Windows 10 release. Analyst Brent Thill says that, with six years now separating this OS from the Windows 7 release, he feels MSFT can afford another "lackluster" adoption cycle. Windows 10 is scheduled to... More
Microsoft (MSFT) Cuts 7.8 Thousand Jobs, Takes $7.6B Impairment
July 8, 2015 9:07 AM EDTMicrosoft Corp. today announced plans to restructure the company's phone hardware business to better focus and align resources. Microsoft also announced the reduction of up to 7,800 positions, primarily in the phone business. As a result, the company will record an impairment charge of approximately $7.6 billion related to assets associated with the acquisition of the Nokia Devices and Services (NDS) business in addition to a restructuring charge of approximately $750 million to $850 million.
Today's announcement follows... More
