Microsoft Corporation (NASDAQ:MSFT) has its mojo back, said Guy Adami as the Fast Money team at CNBC discussed how the announcements made by Apple Inc. (NASDAQ:AAPL) at the Worldwide Developers Conference (WWDC) has affected the technology industry.
Host Melissa Lee started the discussion by saying that Apple Inc. (NASDAQ:AAPL) was trading higher after its revelations at the WWDC.
Later on during the discussion, Lee brought up an opinion piece by Computerworld’s Preston Gralla in which he said that “Microsoft has got the mojo these days, and Apple is looking old and stale.” He said that what the iPhone-maker revealed in the conference was “the same old” and not really earth-shattering. He said that if people want to see “startling moves” these days, they only need to look at Microsoft Corporation (NASDAQ:MSFT).
Reacting to this, Guy Adami, the managing director of stockMONSTER.com and Fast Money contributor, agreed. “I think Microsoft does have their mojo back,” he told Lee, adding that the team has talked to various sources recently with valuations that he thinks are optimistic but still reasonable. He noted that Microsoft Corporation (NASDAQ:MSFT) results in the previous quarter were outstanding and that the company will do great if they can come close to that performance in the current quarter. “The wind is in the sails at Microsoft,” he ended.
Recently, Microsoft Corporation (NASDAQ:MSFT) CEO Satya Nadella and a colleague from Skype demonstrated a real-time video translation feature for Skype. Reception to the new technology was positive. Furthermore, Nadella has inspired confidence in the software giant after he talked about what is next for the company at the Code Conference.
Meanwhile, the CNBC team also discussed potential losers from the announcements made by the iPhone maker. Facebook Inc (NASDAQ:FB), they noted, is one of the companies that will potentially not benefit from the announcements made by the Cupertino, California-based company as some features of the new iMessage is similar to features of WhatsApp, a company bought by the social media giant.
The video is available below:
Among notable investors in Microsoft is Jeffrey Ubben’s Valueact Capital with about 71.29 million shares in the company as of the first quarter of the year. Jean-Marie Eveillard’s First Eagle Investment Management also owns 34.09 million shares in the software giant with a value of about $1.4 billion. Boykin Curry’s Eagle Capital Management which owns 33.21 million shares in the company has a stake that is worth about $1.36 billion.
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