Stock Alert : Microsoft Corporation (NASDAQ:MSFT) settles dispute with Salesforce.com

Microsoft Corporation shares are currently priced at $25.07 after Pre-Market trading today, which is about 1.56 % less than yesterday’s trading price. The company shares have 52 week high of $31.58 and 52 week low of $22.73. The company has 50 day moving average of $25.31 and 200 day moving average of $28.21. The sustenance and resistance levels of AIG are $24.85 and $25.80 respectively. The company has a market capitalization of 216.94 billion and the average volume seen for the stock is 68,910,000 shares. According to the press release, Microsoft had reported its quarter earnings on 22 August 2010 with earnings per share of $0.51 on sales of $ 16 billion. the analysts had expected the EPS to be $0.46 on sales of $15.3 billion.

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According to a report yesterday, Microsoft Xbox’s market share will be above the Trefis estimates in comparison to Sony’s Playstation and Nintendo’s DS in the gaming console market. According to an estimate this increased market share of Xbox will boost the price of company’s stock by around 1 %.

Previously, on Aug 8, 2010, the company had announced its settlement with Salesforce.com. It was involved in a patent infringement lawsuit with the firm which was filed on May earlier this year and involved nine patent infringements against Salesforce.com. Last week also saw the conclusion of Microsoft’s week which involved new features being added to Microsoft BingMaps which showed the company’s present focus on cloud computing. Currently Windows Azure Cloud platform is being rated as a top attraction among developers which promises some major changes in cloud computing development in the future.

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Microsoft’s other products including Internet Explorer and other net applications too have a market share of 60.74 % in the browser market which is an increase from June’s share of 60.32 %. Firefox, which comes second in market share for browsers stands at 22.91.

Microsoft Corporation is engaged in developing, manufacturing, licensing and supporting a range of software products and services for different types of computing devices. Its software products and services include operating systems for personal computers, servers and intelligent devices; server applications; information worker productivity applications; business solutions applications; computing applications; software development tools, and video games.

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