Goldman: Redmond No Gold Mine
Back in 1986 if my feeble aging mind is right, Goldman Sachs took Microsoft public with an opening price of $21 a share (it was supposed to be $19, but all the excitement led to a higher opening).
Afterwards, no one knew Microsoft better than Sachs and its lead analyst Rick Sherlund, an amazingly smart, honest and accessible guy.
Twenty-four years later Goldman Sachs is turning its back on the stock it launched, warning not to expect shares to rise, mainly because of problems in the mobile space and pressure on PCs from tablets such as the iPad.
Posted by Doug Barney on 12/17/2010 at 1:18 PM