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

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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!