Microsoft is still at $15, the number on which I hung today’s column about the stock taking us back to 1997. It closed at $15.15, down 13 cents.
Among the feedback today was a note from a disgusted investor who gave up on the stock after eight years, and a note from a man who thought Microsoft and other big companies are getting their due for not treating employees well enough.
Meanwhile, Standard & Poors today lowered its outlook on MSFT, cutting its 12-month target to $19 from $22.
I should mention that Brendan Barnicle, the analyst I quoted who has a $28 target, said he expects Microsoft to have a few tough quarters before it gains steam from Windows 7.