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| UPDATED: 2006-10-05 |
 Microsoft Stock Completes Recovery 
By: Nathan Weinberg 2006-10-05 Back on April 28, Microsoft issued its quarterly earnings report, and Wall Street did not like what it heard, that MS... ...was planning on spending huge amounts of money to combat Google. The stock plummeted over three dollars in one day, losing untold billions of dollars in market capitalization. Now, there is good news: the stock has finally recovered. Microsoft stock currently stands at $27.85, 60 cents higher than it did on April 27, after four months of steady and slow gains.  The fact is, Microsoft's stock fell because its investors didn't believe in the company, and bolted at the idea of anything bold and competitive. The stock has recovered for one of two reasons: Either they believe that Microsoft is not going to compete as planned with Google, or those investors are gone, and Microsoft has a stronger investor base. Either way, I'm glad to see the stock on its way back up. The next milestone: The 52-week high of $28.38, and eventually getting the stock back into the mid-$30s. Tag: Microsoft Add to  Del.icio.us |  Digg |  Yahoo! My Web |  FurlView All Articles by Nathan Weinberg About the Author: Nathan Weinberg writes the popular InsideGoogle blog, offering the latest news and insights about Google and search engines. Visit the InsideGoogle blog. |
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