From theregister.uk: Microsoft's quarterly earnings report last week did little
to reassure the markets that the company is on track to regain its former stock
valuation, but a $2bn buying spree by a US hedge fund prompted an uptick in
its share price on Monday.
At an investor conference Jeffrey Ubben, founder ValueAct
Capital Management, said that investors aren't recognizing the long-term value
that Microsoft holds, particularly with its strengths in server and back-end
systems. His fund specializes in taking stakes in undervalued firms and
spinning the shares into profitability….
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