Microsoft after the bell 05-04-06: it's buy time, baby

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microsoft intraday chart
05-04-06Investors may finally have heard the credulity of people like me, Tim Beyers of Motley Fool, and any number of Microsoft employees. The stock traded up 27 cents, or 1.17%, to $23.44 on about-average volume. Of course, the stock still sits at its lowest price in the last four years, despite the fact that the company is both (a) profitable and (b) still dominating the world in its usual way.

Oddly, the price increase came on a day in which the Microsoft news was dominated by a rather negative spin; everyone is wondering why the company changed the name of MSN adCenter to Microsoft adCenter. Says Jennifer Slegg of Search Engine Watch, "I am not sure that rebranding from MSN to Microsoft is the best decision for adCenter, but it is certainly a decision that will get people talking." Evidently, talk is enough for a 1% runup. As Martha says, that's a good thing.
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Last updated: February 09, 2010: 01:38 PM

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