Equity investors can't find a safer haven than Microsoft. That's the conventional wisdom, and it was probably true in the past. But in the last three months, Microsoft has lost 15% of its value, more than twice the decline of the Nasdaq as a whole.
What's more, the world's largest independent software company has performed worse than 10 other software companies [see chart] with market caps of $4 billion or more, and worse than other "mega-cap" companies (valuations over $90 billion), including General Electric, ExxonMobil, Intel, Wal-Mart and Cisco.
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