Microsoft Gets Slammed By Vanity Fair. Time To Buy?
Vanity Fair is a magazine that exists to skewer the rich, famous and royally screwed -- as well as to fawn over celebrities and their outfits. Michael Lewis took to the pages of the magazine to ridicule half of Europe and its bankers. Jon Corzine got his VF treatment shortly after the fall of MF Global. And this month, the magazine prints a take-down of Microsoft (MSFT). Penned by Kurt Eichenwald, it is called "Microsoft’s Lost Decade" and describes a culture that values bureaucracy over innovation. In the ultimate insult, a former executive compares Microsoft to Sears (SHLD).
It’s true that Microsoft has trailed the S&P 500.
It’s also very easy to ridicule its products, like the recent Surface, Microsoft’s inelegant answer to Apple’s (AAPL) iPad.
But despite some bad decisions (like aQuantive), Microsoft remains very profitable. YCharts Pro service gives it strong marks. Reuters quotes an analyst who proclaims he sees potential for a “renaissance.” If so, a public, national flogging might be a good time to buy.
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