Microsoft (MSFT) Vista sales between now and the end of the year will be much better than expected, according to Cowen & Co. The research firms says that the investment play for the trend is to buy chip companies including Intel (INTC), Nvidia (NVDA), and Micron (MU).
That approach may be too complex. Microsoft’s shares are flat this year, while share in Intel are up. So is the stock in PC giant Dell (DELL). To some extent, hardware companies are already benefitting from a perceived improvement in the PC environment.
Microsoft’s shares have done worse than the S&P over the last two years.Vista was to take the shares of the company upward. The company’s OS and server products continue to be the only real drivers of operating profit at MSFT. If these segments are about to improve, then the stock price is as well.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about
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