Microsoft shares retreat after downgrade due in part to Mac Competition

Microsoft shares retreat after downgrade - Yahoo! Finance: "NEW YORK (AP) -- Shares of Microsoft Corp. edged lower Wednesday after Global Equities Research analyst Trip Chowdhry downgraded the software giant in part due to increased competition from Apple's Macs to its Windows operating system.

THE SPARK: Chowdhry, who downgraded Microsoft to 'Equal Weight' from 'Overweight,' said in a note to investors he does not expect the company to see any upside to his estimates for the next 12 to 18 months.

Increasingly, companies are giving their employees a choice to either use Microsoft Windows PCs or Apple Inc.'s Macs, the analyst said. And, increasingly, employees are choosing Mac over Windows. To boot, Chowdhry said 70 percent of college freshman are entering school with Macs, up about 10 percent to 15 percent from a year ago."

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Go Mac! ;-)