Wall Street continues to run away from Microsoft.
Today, it’s David Hilal at FBR that’s cutting Microsoft, downgrading the company, Marketwatch Reports.
He cites the common concerns of slowing PC-growth, and exploding growth of the iPad, and tablets. Hilal has the stock at a “market perform” rating, which seems to mean it’s just going to be flat for a while.
Microsoft’s stock has been flat to down for the last 10 years, nice of the Street’s analysts to finally speak up.
Microsoft bulls still have a case to make. The PC business isn’t going anywhere soon. Xbox Kinect could be a killer. And Windows Phone 7 could become a big business. (Ballmer thinks it generates $1 billion, eventually.)
Microsoft comes out with earnings on Thursday. We’ll see how the bears feel Friday morning.
Update: As soon as we published this post, MarketWatch sent out an alert saying Pacific Crest cut Microsoft to market perform. Make it 5 cuts in one month.