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Dec292009

Microsoft shares trading at $31 a share – Hits 52-week high

Accroding to NASDAQ, Microsoft shares are trading at more than $31 a share. “The bump comes after Thomas Weisel analyst Tim Klasell raised his revenue estimates and increased his price target to $35 — citing an improved outlook for hardware shipments and corporate tech spending going into 2010”. Google shares are down about a half-percent to $619.70. New numbers from Hitwise show Facebook, is the most-visited site in U.S. on Christmas Eve, dethroning the search king for first time. Apple, meanwhile, hit a record high of more than $211 a share, which Bloomberg attributed to holiday sales estimates and speculation about a possible Apple tablet computer iSlate

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