Magellan backs Microsoft

Microsoft, once the doyen of the tech sector, has had a rough old time since the sector blew up a dozen or so years ago. After its share price peaked at around $57 (adjusted) in December 1999, it quickly slumped to a range of $25-$30, where it has pretty much resided ever since.A succession of new operating systems have failed to set the world on fire, the company has missed the boat on a range of new technologies and rivals such as Google and Apple have soared past it.It’s common knowledge that the company has gone ‘ex-growth’, just churning out...

Microsoft, once the doyen of the tech sector, has had a rough old time since the sector blew up a dozen or so years ago. After its share price peaked at around $57 (adjusted) in December 1999, it quickly slumped to a range of $25-$30, where it has pretty much resided ever since.

A succession of new operating systems have failed to set the world on fire, the company has missed the boat on a range of new technologies and rivals such as Google and Apple have soared past it.

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