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Tech Giants Still Considered Good Bets
By Doug Caverly
Staff Writer
Article Date: 2009-02-25
There are days - and even entire weeks - when it seems like every stock in existence should be marked with an underlined, italicized, and bold "SELL" label. But analysts who make a living on longer-term results believe Microsoft and Google represent safe havens of a sort.
Yesterday, Steve Ballmer and some other Microsoft bigwigs sat down for a financial meeting. The corporation still has its fingers in all sorts of pies, so it can either remain diversified, shift focus, or pull out of sectors entirely more or less as it pleases. Ballmer spoke about growth several times, too, so some acquisitions may be on his plate. Those are some nice options to have.
Also, it sounds as if Ballmer believes he might finally be able to make a deal involving Yahoo go through. The CEO talked about combining Microsoft's and Yahoo's search efforts, which would go a ways towards making search market leader Google look slightly less huge.
As for old Google, the bad news is that two different analysts have lowered their price targets within the past week. The good news is that the targets remain rather high, translating to predictions of impressive growth. And the Collins Stewart analyst even took a moment to reiterate his "buy" rating during the downgrade announcement.
Of course, both Microsoft and Google are down at the moment, so this may be another flashing red sign kind of afternoon.
About the Author:
Doug is a staff writer for WebProNews. Visit WebProNews for the latest eBusiness news.
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