Microsoft (MSFT) shares are rallying on the news of Steve Ballmer’s “retirement,” which I put in quotations because I believe he is stepping down this way instead of being fired. In its latest quarter, Microsoft announced a $900 million tablet inventory write-down, while greatly missing revenue and earnings expectations. Ballmer’s position at the top of Microsoft has seemed shaky recently. Just yesterday, Nomura analyst Rick Sherlund put Microsoft back on his Buy list on the basis of “anticipated benefits of shareholder activism.
First Steve Sinofsky, who masterminded Windows 8, walks the M$ plank in VC obscurity three weeks after its release, and then about two months after Ballmer annouces a vast M$ re-org while proclaiming that it is now a “devices and services” company, he announces his own retirement.
I’m sure the massive losses surrounding the horribly botched release of both Win 8 and the Surface tablets had nothing to do with it.
Well, actually, not sure at all.