18.7 C
New York
Wednesday, April 24, 2024

FBR Senior Analyst Says Microsoft Takeover Of Nance Is 'Unlikely'

Courtesy of Benzinga.

Related MSFT
Morgan Stanley: Microsoft's Growing Hoard Of Cash Not Reason Enough To Buy Shares
'Facebook At Work' Poses Little Threat To Microsoft, LinkedIn
Making Money With Charles Payne: 11/19/14 (Fox Business)

Related NUAN
Deutsche Bank Sees Better Visibility Into Revenue Transition For Nuance Communications
Mike Khouw Sees Unusual Options Activity In Nuance Communications Inc.

Speaking exclusively to Benzinga, FBR Capital Markets Managing Director and Senior Analyst Daniel Ives said given that Microsoft Corporation (NASDAQ: MSFT) has a laser focus on the cloud, he doesn’t see takeover of Nuance Communications Inc. (NASDAQ: NUAN) as likely.

If that was part of Nuance’s strategic plan, Ives believes the company — or at least pieces of it — would be a better fit for Samsung or a private equity player.

“Right now, Nuance — it’s investors — want to see good execution without the speed bumps seen of late,” according to Ives.

Latest Ratings for MSFT

Date Firm Action From To
Nov 2014 Citigroup Maintains Neutral
Oct 2014 Credit Suisse Maintains Outperform
Oct 2014 Credit Suisse Maintains Outperform

View More Analyst Ratings for MSFT
View the Latest Analyst Ratings

Posted-In: Analyst Color News Rumors Analyst Ratings

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,327FansLike
396,312FollowersFollow
2,290SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x