Investment bank Goldman Sachs gave its take of Tuesday’s presentation of Windows 8 at Day One of Build, Microsoft’s conference for independent developers underway in Anaheim, Calif.
It also predicted the quarterly dividend would rise, though that may not be announced at this afternoon’s annual Financial Analysts’ Meeting (FAM). “In regard to the quarterly dividend (which we estimate could be raised to $0.18-$0.20), while we do not expect an announcement at the analyst meeting, we think one could come next week based on the timing of last year’s board meeting,” according to the report.
They wrote that they hoped today’s FAM would address the following questions:
“1) Windows 7 apps running on Windows 8. This was a frequent topic of discussion we had with attendees focused on enterprise applications who mentioned there was little information prior to the conference, and as a result they were concerned whether their existing applications would be supported. Tuesday’s announcement addressed these concerns at a high level, though details were not provided. (2) Windows 8 apps running on x86 and ARM. While management mentioned that applications will run across all hardware that Windows 8 supports, details were not provided.”
The analysts wrote that Tuesday’s presentations gave a more detailed look at the Metro-style, touch-first user interface of Windows 8 and said that while Microsoft didn’t give a timeline for a Windows 8 release, that, based on the Windows 7 timeline, “we would not be surprised if Windows 8 was generally available around the Sept. quarter of 2012.”
Goldman Sachs kept its neutral rating on Microsoft shares and maintained a $29 price target.
Microsoft stock is trading at about $26 per share this morning.