| ||Thread Tools|
|24th April 2013, 07:03||#1|
Join Date: May 2010
Hedge fund buys into Microsoft
ValueAct Capital Management said that it had invested $2 billion in software giant Microsoft and that boosted its share price by 3.6 percent yesterday.
The founder of the hedge fund, Jeffrey Ubben, revealed the fact at an investor conference in the US yesterday.
Although $2 billion isn’t a trivial sum, that investment only represents less than one percent of Microsoft’s total shares, according to the Wall Street Journal.
Ubben said his company invested in Microsoft because the company wasn’t appreciated by other investors. Stock prices in Microsoft have been in the doldrums since 2002, unlike the stock price of, say, Google or for that matter Apple.
Two years ago, another investor, David Einhorn, also talked up Microsoft but at the same time he suggested it was time Steve Ballmer stepped down from the CEO position. Microsoft’s share price (MSFT: NASDAQ) closed at $30.79 last night.
|Thread||Thread Starter||Forum||Replies||Last Post|
|LG buys WebOS||Stefan Mileschin||WebNews||0||27th February 2013 06:45|
|Apple was knifed by hedge funds||Stefan Mileschin||WebNews||0||18th February 2013 07:19|
|Microsoft buys an entertainment company||Stefan Mileschin||WebNews||0||4th January 2013 06:39|
|Microsoft buys PhoneFactor, adds smartphone authentication to its cloud services||Stefan Mileschin||WebNews||0||8th October 2012 07:22|
|Microsoft buys every 'Smart Glass' domain it can think of, E3 goers nod approvingly||Stefan Mileschin||WebNews||0||4th June 2012 08:40|
|HP Buys Voodoo PC||jmke||WebNews||0||29th September 2006 20:06|
|Microsoft says Brussels forced it to sell software nobody wants or buys||jmke||WebNews||0||28th April 2006 11:41|
|Microsoft buys security company||jmke||WebNews||6||19th December 2004 21:58|
|Microsoft buys Lindows (name)||jmke||WebNews||2||20th July 2004 21:02|