You haven't been hearing squat from Microsoft. Lees says a tablet should be a PC. Big surprise. Big whoop. His content-free comment was a big nothing. Further, Lees runs mobile. Sinofsky run the Windows division. Nothing leaks from Sinofsky's division. Until now ...
Actually, we've been hearing it from Microsoft all summer.
Because MSFT just started their BUILD conference. There are now 5000 Windows 8 Samsung tablets in the wild (with developers). It's real. And it's coming in 2012. It wouldn't be fun for MSFT if they didn't give Apple a big fat headstart. Hey iPaperweight, do you hear the earth trembling? That's the Windows 8 juggernaut on your tail.
Some people are unwilling to go out on a limb and make a call. Not Chambo.
Just sit back, earn your big fat dividend (a soon to be increased dividend, at that) and be patient. You won't regret it in the longterm. An enterprise value of $180b that yielded $27b of cash flow last year. You do the math. Investors are effectively saying that MSFT will implode. Chambo's response: Negative!
I'm not sure I have 36 months for the stock to rebound. Can you move that schedule up a bit?
Nearterm, PC units are indeed looking ugly. But Windows has one billion users. That's a billion with a b. An installed base like that don't disappear quickly. Heck, effing mainframes are still around. Microsoft over the long haul: Chambo likes.
What are you going to do? Invest in T-bills? MSFT yields more than T-bills and the Uncle Sam will go bankrupt before MSFT does. I normally charge for advice like this. You owe me dinner.