The New York Times ran an editorial Friday comparing Microsoft to photo company Kodak.
The editorial referenced investor David Einhorn’s comment that Microsoft Chief Executive Steve Ballmer should step down, but mostly wrote about how fast technology can shift under a company’s feet.
The editorial compared Microsoft to Kodak and General Motors:
“Technology upends companies in different ways. It allows new firms to deliver better products and services in a more efficient way; it also creates new goods and services for consumers to want. Eastman Kodak, the fifth-biggest company in the S.& P. 500 in 1975, was almost destroyed by digital cameras and is no longer in the index. General Motors, fifth biggest in 1985, was hobbled by rivals that could make more fuel efficient cars. Microsoft still rules the PC desktop. But that will matter less and less as users migrate to tablets and more computing takes place in ‘the cloud.’ “
Here is a link to the the NY Times’ editorial.
Microsoft stock has risen 20 cents in intraday trading Monday, and is trading at about $23.91.