Microsoft shares closed at $39.55 today — up 3.94 percent and a 14-year high.
The surge is likely due to speculation that Microsoft will be announcing Office for iPad at an event scheduled for March 27 in San Francisco.
On Monday, Microsoft issued invitations to the media event, which it billed as a “briefing and news focused on the intersection of cloud and mobile computing.”
Microsoft’s new CEO, Satya Nadella, is scheduled to speak, marking his first appearance at a press event.
But beyond that, Microsoft would not say what press briefing will focus on.
Mary Jo Foley at ZDNet says the timing of the event coincides with the company’s internal timetable for the introduction of an Office for iPad applications suite.
Microsoft shares last reached such highs on April 7, 2000, when it closed at $40.07.