Investopedia: Can Win8 And Surface Change The Tone On Microsoft?
In some respects, Microsoft (Nasdaq:MSFT)
is just like any and every other lower-growth tech story - nobody cares
about the value of the cash flow, because the years of market-defining
growth are long past. Perhaps it's even worse in the case of Microsoft,
as moves towards mobile computing devices, software as service/cloud,
and so on threaten the very core of that cash flow. Therefore, while the
stock continues to look cheap on the basis of even vestigial growth,
new products like Win8 and the Surface tablet really have to work if any
of that potential value is going to become real.