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Microsoft Shares Flirt With Dotcom-Boom Levels On Ipad App Report


Ron Burgundy
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A Microsoft Office logo is shown on display at a Microsoft retail store in San DiegoMicrosoft Corp's shares scaled levels last seen in the dotcom boom following reports that the company plans to unveil an iPad version of its Office software suite, potentially generating billions of dollars in revenue. Reuters reported late on Monday that new Microsoft Chief Executive Satya Nadella would unveil the iPad app at an event on March 27. Microsoft shares rose as much as 5 percent to $39.90 on Tuesday, adding $15 billion to the company's market value. Microsoft has had iPad and iPhone versions of Office primed for several months now, sources told Reuters, but the company has dallied on their release due to internal divisions, among other things.




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