Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, June 8, 2018

Article Excerpt

MICROSOFT CORP., $101.63, Nasdaq symbol MSFT, has agreed to acquire GitHub, which operates a website that lets computer programmers share code and collaborate on software projects. It currently has over 28 million users. The company will pay $7.5 billion in stock for that privately held firm. To put that cost in context, Microsoft’s market cap (the total value of all outstanding shares) is $780.8 billion. It expects to complete the purchase by the end of 2018. Buying GitHub will help the company improve its cloud computing operations. They lets users access programs online instead of buying software as a one-time purchase. However, many software developers worry that Microsoft will block them from accessing some of GitHub’s data. They also fear the company could analyze GitHub’s traffic to identify new trends in the software industry and launch competing products. Those factors could prompt those users to share less of their code. OUR RECOMMENDATION: Microsoft is a buy. Microsoft recent coverage June 2018 issue April 2018 issue NEWELL…