Microsoft Shares on the Move
Microsoft (MSFT) shares got as high as $26.37 today before backing down to the $25.80 range. Since last Friday its shares have bounced back 4% and today its trading strong thanks to patents.
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Microsoft signed a patent cross-licensing deal with Samsung today. Thus MSFT can bank coin on royalties from Android devices sold by the two larges Android device makers.
The Samsung deal also includes a plan to cooperate on the development of new Windows-based phones.
Thanks to the recent volatility in equities Microsoft shares have been reduced to just 8.72% from its 52-week low. Microsoft Corp (MSFT) shares have traded between $23.65 and $29.46 over the past 12 months. Today MSFT trades with a P/E Ratio of 9.5 and EPS of 2.7.