Microsoft Drops on Goldman Says PC Share Falling
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Microsoft Corp. tumbled the most in more than a year after Goldman Sachs Group Inc. said the software maker is struggling with slack personal-computer sales and its push into consumer devices has failed to gain traction.
In a note to investors today, Heather Bellini, a New York-based analyst at Goldman Sachs, recommended that investors sell the stock. She downgraded the shares from a neutral rating. Since yesterday, at least two other analysts have also reduced their ratings on shares of the world’s largest software company, based in Redmond, Washington.