Microsoft Corporation (MSFT) News: Stifel Nicolaus, Steam & More

Editor’s Note: Related tickers: Microsoft Corporation (NASDAQ:MSFT)

Microsoft Corporation (NASDAQ:MSFT)Microsoft Corp. Stock Rating Lowered by Stifel Nicolaus (MSFT) (Zolmax)
Stifel Nicolaus lowered shares of Microsoft Corporation (NASDAQ:MSFT) from a buy rating to a hold rating in a report released on Tuesday, TheFlyOnTheWall.com reports. Stifel Nicolaus currently has $36.00 price objective on the stock. “We are lowering our rating on Microsoft Corporation (NASDAQ:MSFT) to Hold from Buy and removing our $36 target-price, as we are growing increasingly concerned pricing-pressures and heightened Windows S&M expenses could be a meaningful headwind to revenue/EPS growth in coming-years. As such, we think Street revenue/EPS estimates are too high for 1Q14 and FY14. Although we think Microsoft Corporation (NASDAQ:MSFT)’s software-business (MBD and S&T) and enterprise-story is robust and worth ~$33-$34/share, we believe the Windows headwinds are more substantial than we envisioned a few months ago, especially as it relates to potential ASP-contraction.

Microsoft Hires On Former Steam Boss Jason Holtman (WebProNews)
Games for Windows Live was a great idea bogged down by poor execution. Microsoft Corporation (NASDAQ:MSFT) attempted to bring the Xbox Live experience to PC games, but the software itself was nowhere near as convenient as Steam. A recent hire at Microsoft Corporation (NASDAQ:MSFT) may indicate that the Redmond-based company may be trying to improve its Games for Windows initiative. Games industry International reports that Jason Holtman has accepted a job at Microsoft Corporation (NASDAQ:MSFT) where he’ll focus on making Windows an attractive platform for PC games. For those unfamiliar, Holtman was in charge of Valve’s Steam service for the past eight years before he mysteriously departed the company in early 2013. …Over the last few years, support for Games for Windows Live has dropped off the map. The last major release to support the platform was Dark Souls: Prepare to Die Edition, and that was mostly due to the developers porting over code from the Xbox 360.

Microsoft lining up Blake’s 7 reboot, Ballmer unlikely to star (TechRadar)
Microsoft Corporation (NASDAQ:MSFT) is continuing on its intergalactic quest for original content for Xbox. That is, if there’s any truth to word that it’s bagged rights to reboot late-70s BBC sci-fi series Blake’s 7 – nabbing it from SyFy, which was originally set to back it. Maybe Steve Ballmer has spotted a perfect break into acting. Maybe it’s not even happening. No one’s offering confirmation just yet, but the plot for the SyFy version went as follows: “The year is 2136, Blake wakes up on one side of the bed. He reaches for the other side. There’s nobody there. As reality sets in, this handsome ex-soldier sits up, and looks at a photo of his wife Rachel. Beautiful. Deceased.”

Microsoft’s First Chip Brings Tank-Finding Design to Xbox (Bloomberg)
Microsoft Corporation (NASDAQ:MSFT), seeking to fend off competition for its Xbox game console by souping up the Kinect motion sensor, is tapping a new semiconductor developer: itself. For the first time, the company will build its own processors based on an in-house design. The new chips will make Kinect more accurate and responsive using an imaging technology found in military gear, said Cyrus Bamji, who played a key role in developing the silicon architecture. Previously, Kinect relied on an off-the-shelf chip from Israel’s PrimeSense Ltd.

Microsoft accused of fraud in Massachusetts suit (BizJournals)
Microsoft Corporation (NASDAQ:MSFT) has been sued in a Massachusetts court for fraud in a class-action lawsuit that alleges the company issued false and misleading statements regarding the sales performance of its slow-selling Surface RT tablet. The Seattle Times reports an investor sued Microsoft Corporation (NASDAQ:MSFT) in U.S. District Court in Boston on behalf of investors who bought Microsoft Corporation (NASDAQ:MSFT)’s stock between April 18 and July 18. Microsoft Corporation (NASDAQ:MSFT) shares tumbled in July after the company took a $900 million charge on unsold inventory on the Surface RT tablet. The suit alleges that company officials didn’t disclose to investors that “Microsoft Corporation (NASDAQ:MSFT)’s foray into the tablet market was an unmitigated disaster, which left it with a large accumulation of excess, over-valued Surface RT inventory.”

Cramer’s Six in 60: LCC, MRVL & more (CNBC)

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!