Skeptical Ahead of Microsoft’s Analyst Meeting? (MSFT)

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By Douglas A. McIntyre Updated Published
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WindowsToday is the Financial Analyst Meeting for Microsoft Corporation (NASDAQ: MSFT).  This will run from 11:30 AM EST to 6:55 PM EST and it is open to the public.

The good news is that Microsoft just released earnings, many comments, and much on guidance for fiscal 2009 just last week.  The bad news is that the company just lost Kevin Johnson, the head of its online business, who is leaving to go run Juniper Networks.  As such, the company simultaneously announced a reorganization of its Platforms & Services Division (PSD) into two groups.  Windows/Windows Live and Online Services will become separate units.

The other bad news is that Microsoft shares fell more than 6% on lastweeks earnings to $25.86.  Shares are still down from thatpost-earnings level because of the departure ahead of the meeting andnow sit at $25.53 right before the analyst meeting.  The NASDAQ 100 isup about 1% since that Microsoft drop and the S&P 500 is up roughlythe same.

A lot of the current bias is still due to sporadic weakness andstrength from leaders to laggards throughout the tech and IT sectors.Despite our share price and record low valuation comments aboutMicrosoft trading with a forward P/E ratio of 11.9, analysts are stillskeptical.

If you wish to listen to the presentation today, you can see that here.

Jon C. Ogg
July 24, 2008

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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