Microsoft's third-quarter earnings or eye-catching share price still hard to get out of the doldrums

Lead: Foreign media wrote in Tuesday that Microsoft will release its third-quarter earnings in Thursday and expects revenue growth to remain strong, but that performance is still not enough to spur Microsoft's share price out of its 10-year slump or allay investor concerns about the decline of Microsoft's dominance of the PC sector. The following is the full text of the article: dominance weakened Microsoft is due to release its third-quarter earnings in Thursday, and analysts expect the company's profits and revenues to continue to be strong as the market for Windows and office remains strong. While Microsoft is still a leader in the software market, investors are concerned that users are accustomed to using new computing methods, such as Apple and Google's tablets and smartphones, which will gradually weaken Microsoft's dominance in the field of work consumption.　　Personal computers and software support the development of the field. Michael Yoshikami, founder and chief investment strategist at Ycmnet Advisors, said: "What people focus on, what happens to the core PC industry." Is this business slowing down? This will give us a glimpse of Microsoft's future profitability. In the long run, Microsoft's core cash flow business will be hit, especially the ASP (Application Service Provider) model, in which companies are basically leasing software. "Companies like Google and Salesforce.com are offering such online programs. Microsoft has also launched its own online program to meet the challenges of its rivals, but that is not enough to convince investors that Microsoft will extend its dominance of the desktop market to cloud computing.　　The world's biggest software firm has consistently topped Wall Street expectations in the past six-quarter, keeping records on record, but shares have tumbled in the days after the earnings were released. PC sales as a performance barometer compared with a year ago, Microsoft's shares fell 17%, while the Naskada index rose 14% in the same period, and Microsoft's current share price remained at 2001 levels. PC sales are a barometer of Microsoft's performance. Global PC sales fell in the first quarter of this year, 1%,ipad and other tablets are eating away at the PC market, according to market research agencies.　　Some people think that in the long run these mobile devices are like "devils" running out of bottles, and Microsoft may never be able to put them back. "Tablets are attracting a lot of Microsoft customers, and they can use a different operating system than Microsoft Windows," Juskami said. You will see more and more people fleeing from Microsoft control, which makes Microsoft very worried. "The fear has stalled Microsoft's share price.　　Even in the last three months of 2010, when earnings and profits hit record highs in successive fiscal quarters, investors are no longer willing to value Microsoft as they have done in the past. Over the past 12 months, Microsoft has had a 9.4 times-fold earnings ratio, half the average in the past 10 years, below the 13 times-fold earnings level of major tech companies. Although Microsoft's dividendThe yield of 2.5%, which is second only to intel in large tech companies, is still not enough to persuade investors to change their view.　　However, some analysts believe that Microsoft's share price does not reflect its real value, for investors, this is a buying opportunity. "We think the real value of Microsoft is undervalued," said Kevin Walkush, Jensen Investment Management analyst at the Market Research Institute. The external environment is really bad for Microsoft, covering up a lot of positive side.　　"Valcouche acknowledges that Microsoft has been slow to respond to the rapid expansion of smartphones and tablets in the consumer market, but he still believes that the notion that Apple and Google pose a threat to Microsoft's core business is exaggerated. Apple overtook Microsoft last year to launch Windows Phone 7 for smartphones and is now partnering with Nokia, the world's largest handset maker, and plans to develop a tablet-specific operating system.　　But whether it's a tablet or a smartphone market, it takes years, not months, to get ahead. Valcouche said: "Microsoft is a corporate software provider, which is the key to our understanding of the company." Microsoft still has an important license for the operating system, and office is a strong performer. The enterprise market is not far away from Microsoft, not many people turn to Google Google Docs. "At the same time, Valcouche that Apple is not making much headway in these lucrative areas," he said: "Apple is doing well in the consumer sector, but I don't think Apple will open up the business market." "Analysts expect Microsoft's third-quarter revenue to grow 12% per cent year-on-year, to $16.2 billion trillion, and 56 cents a share, up from 45 cents a year ago." With the global economy still in the background of recovery, this performance is quite eye-catching, but it may still not be enough to keep Microsoft in the technology industry crown. Apple's market capitalisation and last quarter's revenue have both surpassed Microsoft's.　　Apple reported its second-quarter earnings last week with net profit of $5.99 billion trillion, while Microsoft's net profit is expected to be $4.7 billion. Two years ago, Microsoft's quarterly profit was almost twice times that of Apple. The last time Apple earned more than Microsoft in 1990 years. To add to Microsoft's woes, if the company's share price continues to be depressed, its market capitalisation could soon be overtaken by IBM. In the 1990s, Microsoft's market capitalisation surpassed IBM's. At the close of Monday, Apple's market capitalisation amounted to $324 billion trillion, with Microsoft at $214 billion trillion, followed by IBM at $205 billion. Sail)