Friday, January 14, 2011

Bill Priest - Apple versus Microsoft

http://bcove.me/wtg81yy5

Shareholder yield strategy.  Microsoft - 7% yield (cash plus share buy back) + double digit growth rate.  Microsoft entering a remarkable period.  The financial fundamentals - very attractive.

Oracle has entered a mature phase.  So big, needs to big give money back to shareholders.  Good at integrating acquisitions.  The will be giving a dividend.  Needs to maintain low cost of capital so can continue acquiring firms.  6% shareholder total yield. 

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