15.07.2014 - Microsoft will make a reduction of personnel
Microsoft is a leader in the field of software development, and in the last year bought the Finnish phone maker Nokia, may later this week announce the largest job cuts over the past 5 years. According to experts number of jobs will be cut in the Microsoft and a part in Nokia, which will result in the union of phones productions. The job cuts will likely be greater than 5800 in 2009.
This step should be positive for financial performance considering the fact that Microsoft's position in the smartphone market remains quite weak. We recommend keeping the stock in the long term portfolio with growth potential of 10-15% by year end.