This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Exclusive: Microsoft Crashes Phone Bash

Apple and Google both proved that no prior cell phone experience was needed to jump into the game. Apple is enjoying runaway success with the iPhone. And Google chief Eric Schmidt said this week that Android phone shipments are on pace to exceed 21 million units this year.

Last month, Google started selling an HTC-built Nexus One phone directly to consumers, a controversial move that served to undercut its Android partners, particularly Motorola (MOT).

Microsoft risks the chance of upsetting its own partnerships with hardware shops like HTC and Samsung, two of the manufactuers that have signed on to build new Windows-powered phones.

The move can be seen as only more bad news for other players in the already crowded smartphone market. Outfits like Palm (PALM) are simply clinging to life. And Microsoft's pervasive presence in businesses like desktop software and email servers could strike very close to Research In Motion's (RIMM) lucrative enterprise market.

If Apple and Google's phone efforts have proved anything, having loads of money to throw at the project is a huge advantage. With $36 billion in cash and investments in hand, Microsoft has at least one edge on the competition.

Microsoft and RIM shares were up 1%, while Motorola was down 1% in late trading Thursday.

-- Written by Scott Moritz in New York

RELATED STORIES




Follow our tech coverage on Twitter and become a fan of TheStreet.com on Facebook.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $113.29 0.00%
GOOG $630.38 0.00%
MSFT $43.93 0.00%
FB $91.01 0.00%
TSLA $248.48 0.00%

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs