Microsoft’s stock has been stagnant for quite some time. The company regularly produces updates to its most popular software systems. Windows is the most prevalent operating system for desktop and laptop computers in the world and Microsoft Works is the number one productivity software for businesses. So, why is the company basically flat-lining when it comes to stock market interest?
Microsoft CEO Steve Ballmer blames Wall Street. According to Electronista, the head of the most popular software company in the world told investors at an annual shareholders meeting that Wall Street failed to recognize improvement, which prevented investment growth. It wasn’t because Windows Vista and Windows XP were big old flops. No, it was Wall Street’s fault.
Ballmer also admitted to investors that the company probably should have developed and released the Surface before Apple stock blew it out of the water. “We’re innovating on the seam between software and hardware,” Ballmer said. “Maybe we should have done that sooner.”
Microsoft’s CEO seems to be confident that the company’s move into the tablet market will produce good results. “I feel pretty good about our level of innovation,” he said.
Sales figures for the recently launched Microsoft Surface with Windows RT have not been released to the public yet; however, based on Piper Jaffray’s Black Friday research, sales of the new tablet won’t make much of a dent in the company’s stock price.