There is a famous story about Benjamin Franklin and the framing of the constitution. Dr. Franklin was the oldest and perhaps the most widely accomplished delegate to the Constitutional Convention of 1787. Dr. Franklin was quite feeble by then (He was 81, a great age for most individuals in the 18th century and he could…
On Friday, NetApp announced that it was planning to reduce its work force by as much as 6%. The shares fell by 6% in the wake of the layoff announcement and are off by 10% mtd. This is the third of the company’s workforce reductions since the new CEO was appointed about a year ago.…
1) MSFT reported its results for its first fiscal quarter. Most noteworthy was its exception performance selling Azure. Growth of 120% was probably the fastest of the major vendors and suggested that the company would have gained some market share on Amazon. The company also achieved very strong performance in its commercial cloud with an…
Microsoft has increased its dividend to $.39/share or $1.56/year. That brings the yield to 2.7%. In addition, the company augment its current share buyback authorization with a new authorization $40 billion authorization that has no fixed expiration The company said it is on track to complete its 2016 buyback on schedule. The new share buyback…