Microsoft shares trying to get above $20
Microsoft (NASDAQ:MSFT) shares have tanked 42% in the last 52 weeks. With Zune issues, great XBOX sales, and Windows 7 on the horizon -- what do you make of it all?
Only if the XBOX division at Microsoft could become their own company, then it would be an easy buy. Microsoft has sold more Xbox 360 games last year than in any other year, and said that 28 million consoles have been sold since the game’s introduction three years ago.
Xbox 360’s total sales now are 8 million more than competitor Sony Corp.’s PlayStation 3 game. Microsoft added that its Xbox Live online community now numbers 17 million members and more than $1 billion has been spent on Xbox Live in the past three years.
Then there's the Zune, have fun with that, as long as you can get it to work, they look great in the toilet.
"You can go back to using your Zune!" the company said in a support note posted Thursday on its Web site. The note details steps that Zune owners should take to eliminate the bug by resetting their players.
The glitch also won't help the Zune gain ground against Apple's popular iPod player, which controls more than 70% of the MP3 hardware market.
But let's make way for Windows 7!
Microsoft's CEO Steve Ballmer announced Wednesday night that the long-awaited public beta test of Windows 7 has begun – although consumers will not be able to download it until Friday.
So can Windows 7 save Microsoft?
Well the Zune can't (refer to picture as shown).
So maybe the XBOX and Windows 7 can save Microsoft?
We all know Microsoft is not going to die, but all we care about these days is making a wise investment, buying a stock that won't go down every other day.
Recent analyst take on MSFT shares would suggest in the next year we should see $20 a share:
At this point, it may be worth the risk with shares priced in the $19 range.
Via Bloomberg.com - Exclusive Interview with Entertainment Division President Robert Bach, saying 2009 is going to be a good year for the company: