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Goldman Sachs downgraded Microsoft Corp. on Monday to neutral from buy, and lowered its price target on the software giant to $28 from $32.
Among the reasons for the move, the broker cited “increased caution near-term on a more elongated PC refresh cycle” as well as the threat that some of the notebook market could be cannibalized by tablet PCs, where Microsoft Windows doesn’t yet have a presence. Get the full story »
Smartphone maker HTC Corp. unveiled details Wednesday of its push into the increasingly important mobile services sector and introduced two new handsets using Google’s Android operating software.
The launch came a day after Nokia, the world’s biggest cellphone maker, launched three new smartphones at its annual showcase conference in London. Get the full story »
