William Blair cut its rating to Microsoft and the broader market was flat
Sina Finance YORK July 23 morning news, brokerage William Blair Friday downgraded Microsoft (MSFT) stock rating, and said that despite the company's strong growth in fourth-quarter profit, but revenue growth deceleration and iPad related the risk of loss of market share, which may suppress its share price. Analyst Laura - Lederman (Laura Lederman), said several factors may continue to put pressure on Microsoft's valuation, "cloud computing brings shrink profit margins, including the possibility of slowing revenue growth, as well as iPad phenomenon market risk "arising. Microsoft on Thursday released fourth-quarter earnings, its earnings and revenue were to grow, but the Windows and Windows Live segment revenues $ 4.78 billion from the same period last year fell to $ 4.74 billion. The company said the launch of Windows 7 a year earlier, prompting a substantial increase in computer software business spending, which makes it difficult to exceed this performance level of a year earlier. Investors worried that Apple's (AAPL) iPad is leading the best-selling PC using the Windows system sales decline. Lederman will be Microsoft's rating from "outperform" down to "market fair" and its 2012 fiscal year earnings per share forecast by 2 cents to $ 2.80. Analysts surveyed by FactSet accept average expected the company this fiscal year earnings per share $ 2.76. Not long ago, Microsoft announced the next generation of Windows will support ARM processor, and a high profile in hand with Nokia. The old IT industry chain is collapsed. In earlier years, each new generation of Microsoft or Intel product launches, all OEM manufacturers are CEOs personally appear, every time, like industry events. But now Microsoft and Intel's appeal declined, when they release new products, OEM manufacturers usually only faction or deputy director to participate, difficult goodbye grand a year. An industry exclaimed. Several new industrial forms and shapes in the industry, who successfully harder to see the outcome, but this is no longer destined to compete manufacturers and vendors, but an ecosystem contest. One is Apple's closed system, their monopoly of hardware, software, and to the very end, and it is the largest demand for application software leaving partners. Apple certainly has gained tremendous market success, and is still rising in the process, no two beautiful moment, this model is also widely believed to be the future trend of development. Great tribute to Apple's App Store success, exceeded 250,000 apps software allows users to truly fascinated reasons. One is Google completely free operating system Android, because free, but also because of Google's products dazzle, Android is the industry's many manufacturers use, becoming the fastest growing operating system, application software based on Android has reached 140,000 models. But the drawbacks of Android is that it does not conduct in-depth joint development for a certain hardware, and hardware to meet degree does not meet all hardware products. On the other hand, because the free, is also eyeing some criminals, suck event calls on some Android applications appear. Another is Microsoft's partnership with Nokia platform mode. These two giants, around a big bend, and ultimately come together. Industry for their cooperation seems not optimistic about the form this alliance does not guarantee the two sides will work closely together in the face of interest easily Alliance coalition in the face of difficulties is very prone to cracks. From HP's current strategy point of view, apparently to emulate Apple's success model, hardware and software integration. HP's stand point of view, Phil & middot; McKinney did not agree with Apple's approach: Apple is not a promoter of open standards, even if there are a lot of developers around Apple's products to do the development, but they must use Apple's prescribed language . Apple was trying to do to lock these developers. Although HP intends to put all his WebOS hardware products, but he also insisted that: We are based on industry-accepted standards, so that our platform is truly open. Already has 7000 kinds of application software on the HP platform, although with Apple, Google is far, but HP has begun to intentionally create their own ecosystems. Either mode ultimate success, they seem to convey a common information industry: the future of the competition, will be competing ecosystems. At the recent exposure of Nokia CEO Stephen & middot; Elop wrote in the memo to employees mentioned: mobile phones have now evolved into the fight a war of ecosystems, where ecosystems include not only the hardware and software, but also includes the development of person, e-commerce, advertising, search, social applications, location-based services, comprehensive communications and many other things. He pointed out: Our competitors are not preempted by the equipment of our market share, but a complete ecosystem. Among based on systems theory, starting late HP the most important thing is not the number to put into their own WebOS million units calculated in units of equipment, but to find more partners to rapidly build up its own ecosystem.
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