Microsoft is no longer a cash cow suffering from a “lost decade,” or so it would appear. The company beat analysts’ expectations for its fiscal third quarter, with solid performance in its cloud unit and purchases by individual customers, not just business. New CEO Satya Nadella even sat in on the conference call. This morning, in a down market, Microsoft shares crossed $40.
The company hasn’t cleared the storms yet. PCs, the historic backbone for its software, are in decline. No one knows how the gamble in buying Nokia’s handset business will work out. It faces vicious competition from the biggest show in tech, Google vs. Amazon.com. Still, this is not Microsoft as ailing giant, as “irrelevant,” as some critics put it months ago.
What do you think?
Last week, I asked you to vote on new research about whether America has become an oligarchy. Check the results here.
This Week’s Links:
• My life in the new American minimum-wage economy | Mother Jones
• The origins of ‘office speak’ | The Atlantic
• Why Alaska increasingly resembles a petro-state | Oil Price
• Amazon and the squeezing of the middle class | Gawker
• The biggest predictor of how long you’ll be unemployed | Five Thirty Eight
• Deflation is about to wallop Europe | Bloomberg View
• Slaves: the capital that made capitalism | Public Seminar
• College is not a losing investment | Catherine Rampell
Today’s Econ Haiku:
Welcome to Asia
Say goodbye to TPP
I invite you to follow me on Twitter @jontalton