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» Investors want Microsoft to dump Xbox and Bing, and they have a point
Feb 19, 2014 - 1:21 PM - by SavageNFS
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ID:	1036   The firm handling Microsoft co-founder Paul Allen's share wants Microsoft to ditch Bing, a flop, and Xbox, a massive success. Here's why he may be right.

By Andy Patrizio on Wed, 11/06/13 - 2:59pm.

Two of the top three shareholders at Microsoft are Bill Gates and Steve Ballmer, and the two have a lot of sway. But there's a third, co-founder Paul Allen, and he has his own gravitational pull. Right now, he's pulling for some badly needed focus.

Allen's stake is managed by a company called Vulcan Capital, and its chief investment officer, Paul Ghaffari, wants Microsoft to dispense with Bing and Xbox. Ghaffari made his statements last week at the Financial Times Investment Management Summit in New York last night, and FT has the details (registration required).

Ghaffari said the overwhelming majority of Microsoft’s earnings were generated by selling software and services to business customers and the company should focus on that, not distractions, even a successful one.
"The search business and even Xbox, which has been a very successful product, are detracting from that. We would want them to focus on their best competencies," he said. "My... [Read More]
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