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Exciting Tech Times May Rub Off on Microsoft: Analyst
02 Mar 2012 EST - CNBC.com
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It’s an exciting time to be in technology, as the Yelp initial public offering, the buzz over Facebook and the Nasdaq crossing the 3,000 mark attest.

Some of that excitement may rub off on other technology stocks, particularly Microsoft, whose Windows 8 shows it’s ready ready to battle Apple by offering an operating system incorporating touchscreen technology, Nomura research analyst Richard Sherlund told CNBC Friday.

Sherlund, who saw the preview of Windows 8 at a recent conference in Barcelona, thinks it “looks pretty good.”

However, “most people still dislike Microsoft . They think it’s Apple versus Microsoft. That’s probably true for probably 25 percent to 30 percent of the market that’s very consumer-oriented with the iPad,” said the analyst, who has a $37 price target on Microsoft.

“There is another 70 percent to 75 percent of the market where Microsoft has a lot of strength and they’re finally showing up to the game with a product that offers touch as well as the ability to use Office [its software suite] that will create a very exciting upgrade cycle,” he said.

Oracle, on which he has a “buy” rating, showed it was “defocused” in its previous quarter, focusing more on hardware.

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