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Reply #20: Investors fail to bite at Microsoft Wall Street pow-wow [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-15-11 07:07 AM
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20. Investors fail to bite at Microsoft Wall Street pow-wow
http://uk.reuters.com/article/2011/09/15/us-microsoft-a...

(Reuters) - A rising tide of investor agitation over Microsoft Corp's static share price and bulging cash hoard made no mark at the software company's annual meeting with Wall Street analysts and fund managers on Wednesday.

Despite recent calls for a big dividend increase, and the head of Chief Executive Steve Ballmer -- who has presided over a halving of the company's share price in his 11-year tenure -- investors left the matters of management and cash distribution untouched at the three-hour meeting in Anaheim, California.

"Nobody asked the question," one fund manager, who had earlier identified Microsoft's use of its $53 billion cash hoard as the most important issue facing investors, said after the meeting. "We want to see more of a bank dividend," said the fund manager, who asked not to be named.

Microsoft currently pays a 2.5 percent dividend, which stands somewhere in the middle of large, established technology companies but lags other established industries.
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