Ana haim, California (Reuters)-high tide of Microsoft's stock price investors static inspired and bulging cash hoard with Wall Street analysts on Wednesday and fund managers in software company's annual conference without any mark.
Although investors leave a big raise dividends, and chief executive Steve ballmer head recently call-who presided over the company's share price is in 11 years of his tenure was cut in the half-management and distribution of cash for in three hours without meeting in Anaheim, California, in windham,.
"No one puts forward such problems," a fund manager, previously found that Microsoft's use of its $53 billion cash reserves, as of the most important issues facing investors said after the meeting. "We want to see more bank dividends, said:" who asked not to be named, fund managers.
At present, Microsoft pays 2.5% dividend somewhere in the middle, standing in a technology company, was founded, but lags behind such as the establishment of industry.
The company is expected to increase its quarterly dividend next week-because it modestly most years-but no sign that it will head the needs of investors and their dividends double, or make another special spending, since it in 2004.
Chief financial officer Peter Klein said, return the cash to shareholders is one of the main goals of the company, but he is no indication of the great changes in the future.
"They are they can do what restrictions," SID Parakh, money manager McAdams Wright Ragen, who attended the meeting, he points out, Microsoft's cash reserves is the most sitting in overseas, in order to prevent any simple distribution to shareholders analysts said.
"This is a reiterated that they have been saying what they already very clear," Parakh said, who think that, if the shareholder and the tension of the company is to a large extent the invention of the media.
In one hour and a half Q & session after the event management, mainly from Wall Street ChuShouFang street in the new focus on Windows 8 and the more broad strategic problem how to Microsoft is tied to the software is a PC, tablet and mobile phone in the problem of the "age of analysts cloud computing".
Ballmer including collapse as CEO, shortly after he took over the upsurge of the science and technology, is not involved in the recent remarks influential hedge fund manager David ai horn because. Ai because of his horn called ballmer and request sales online service units, including ice. Unit in the past three years has lost more than $6 billion.
No ballmer talks about an anonymous investors, is widely circulated in the summer the letters, request the company issued a $40 debt one hundred million yuan funding a huge share repurchase and to pay a dividend to all its domestic cash flow for investors, is calculated to increased by more than 50% of the share price.
Ballmer and no said he wants to sell ice or delete the slow growth of the smartphone business.
"I'm not saying I love us, he said:" mobile phone business. "We just played this thing, a new level," he said, refers to an agreement with nokia, make Windows mobile phone, expected later this year on the market.
The day before, Microsoft showed off its Windows 8 of the progress of the operating system, which is expected to be released next year, from the development of science and technology and the blog universal high praise. Microsoft says, more than 500000 people download a new system, the beta overnight.
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