Goldman says 'sell' Microsoft, others downgrade stock
Goldman Sachs recommended selling Microsoft today in the wake of brutal first quarter PC shipment numbers.
Heather Bellini, an analyst at Goldman Sachs, recommended that investors sell the stock -- downgrading it from a neutral rating, according to Bloomberg.
"Quarterly results will "gradually deteriorate unless Microsoft successfully repositions itself as a more meaningful participant in the new era of consumer compute," Bellini wrote in a note to investors.
This critique comes after a report from IDC Wednesday showed PC shipments sinking 14 percent worldwide in the first quarter, the worst quarter ever reported by IDC. The market … Read more