z64dan said:
So here's what I'm getting from this: The analysts say that the XBOX is bad for the bottom line, and then tell people to buy the stock. Teehee. I guess that "buy" is in place of a "strong buy." I don't think the 360 will affect the bottom line much by July 08. I think MS wants to put this hardware problem behind them, and focus on profitability on the hardware, and selling more software, maybe coming close to breaking even next year. |
Those Goldman Sachs analysts know their stuff....they are generally considered to be the top rated investment bank in america. I used to know a guy that worked for goldman several years ago as an investment banker. He was around here coordinating hurricane katrina releif and i'd see him at my gym.
Anyway, I think that the analyst means that MS should probably get a "sell" rating right now. A more objective indication, besides the analyst's comments is the recent matter of the microsoft exec selling a very large amount of microsoft stock. If the exec expected future profits and all that to be great, he would have kept the stock. He seemed to think that MS will be taking a hit in the stock markets soon, and wanted to liquidate as much as possible, hence instead of doing a controlled sell he sold a LOT all at once which put the spotlight on him.
