Is customers' virtual boycott of desktop PCs in favor of touchscreen devices too great a hazard to Old Tech profits for even value-and-income minded investors to overlook?
After a double-digit plunge in first-quarter PC sales estimated by industry trackers IDC and Gartner Group this week, Goldman Sachs dropped Microsoft Corp. (MSFT) shares to a Sell rating Thursday, citing the weak outlook (so to speak) for PC sales and thus the company's Windows 8 operating system.
The stock sustained an immediate 3% loss, erasing its gains this week. Yet the fact that it still remains near where it finished last week suggests, perhaps tentatively, that no great growth from Windows 8 was built into its valuation or investor expectations.
And with the help of drugs, it’s becoming easier to see the value in old, boring technology stocks, despite the latest round of negative headlines.
The humdrum virtues
For comparison's sake: For most of the past decade, it was easy to find excuses not to own sharesRead More »from Even With PCs Ill, ‘Old Tech’ Can Be Investors’ New Drug