Nomura’s Sherlund Sees Microsoft ‘Management Issues’

(Corrects to reflect full wording of quote in first paragraph.)

Microsoft Corp. (MSFT) needs to make changes that “might start with some management issues that probably need to be addressed,” according to Richard Sherlund, New York-based head of research for U.S. technology companies at Nomura Holdings Inc.

Microsoft shares “haven’t done anything in 10 years” and the company “just hasn’t shown that spark of innovation on the consumer side that Apple has,” Sherlund said in a radio interview today on “Bloomberg Surveillance” with Ken Prewitt and Tom Keene.

“It takes a different type of personality to innovate,” said Sherlund, the top-ranked software analyst by Institutional Investor magazine from 1989 through 2005.

To contact the reporter on this story: John Tucker in New York at jtucker@bloomberg.net

To contact the editor responsible for this story: Will Daley at wdaley2@bloomberg.net

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