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Financial Times

What’s a PC-shackled Microsoft worth, anyway?

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What are Microsoft’s shares worth, on the assumption that it is operating in a dying industry? The question is suddenly relevant, after IDC reported last week that personal computer shipments in the first quarter suffered a much worse decline than expected of 14 per cent year on year. Analysts opined that rather than boosting the market, Microsoft’s latest operating system, Windows 8, actually pushed consumers away.