NEW YORK (TheStreet) -- Microsoft (MSFT) dipped slightly Friday morning despite the tech giant's announcement that it would offer its Windows product for free on phones and tablets with screens smaller than nine inches.
Terry Myerson, the company's executive vice president of operating systems, made the announcement at Microsoft's Build conference in San Francisco.
Microsoft later confirmed the deal includes all consumer versions of Windows such as Windows Phone, Windows 8.1 and Windows RT, as long as they are already installed on devices with screens smaller than nine inches. The company had never revealed how much it charged vendors to use the Windows Phone operating system, but reports put the price at up to $15 apiece.
The stock was down 1.41% to $40.43 at 10:59 a.m.
TheStreet Ratings team rates MICROSOFT CORP as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate MICROSOFT CORP (MSFT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."