Cloud Computing: Microsoft Shares Soar on Talk of Office for iPads
Grazed from CIOToday. Author: Matt Krantz.
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Microsoft hit its highest level since 2000 Tuesday and was one of the top five performing stocks in the Standard & Poor’s 500 on increasing chatter a version of Office is coming for Apple’s iPad. Shares of Microsoft gained $1.50, or 3.9%, to $39.55 in the stock’s biggest one-day move in seven months. The stock is up nearly 6% this year, outpacing the broader market. Tuesday’s rally alone lifted Microsoft’s market value $12.5 billion to $328.3 billion.
Office is the dominant software and cloud service used by businesses and professionals to create documents, calculate spreadsheets and design presentations. By taking the service to Apple’s iPad computers, Microsoft would demonstrate its seriousness in using its edge in cloud-based services to bring services to all devices to boost revenue…


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