NEW YORK (TheStreet) — Shares of Microsoft (MSFT) were gaining in early-afternoon trading on Tuesday as the company announced a deal with Lenovo (LNVGY) to pre-load Microsoft software onto Lenovo’s devices.
Lenovo will feature several of the Redmond, WA-based technology company’s productivity apps like Microsoft Office, OneDrive and Skype on Lenovo devices that use the Android operating system, according to a company statement.
Over the next several years, Lenovo plans to ship millions of Android-based devices worldwide.
“The marriage of Microsoft’s apps and Lenovo’s Android-based devices will enable customers around the world to be more productive, more connected and achieve even more,” Nick Parker, corporate VP of Microsoft’s OEM division, stated.
The partnership between the two companies includes a patent cross-licensing agreement that includes Lenovo and Motorola (MSI) devices.
The financial terms of the deal were not disclosed.
Earlier this week, Microsoft agreed to acquire artificial-intelligence productivity app Genee.
Separately, TheStreet Ratings objectively rated this stock according to its “risk-adjusted” total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer’s view or that of this articles’s author.
TheStreet Ratings rated this stock as a “buy” with a ratings score of B+.
The company’s strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, notable return on equity, reasonable valuation levels and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
You can view the full analysis from the report here: MSFT
