For years, Microsoft (MSFT) shares were dead money, as the technology world passed the Redmond, WA.-based behemoth by. However, with shares up 41.7% year-to-date, there are two men responsible for the sudden optimism in Microsoft and for two very different reasons.
ValueAct Capital founder Jeff Ubben took a huge stake in Microsoft earlier this year, buying $2 billion worth of stock, as he believed the company was vastly undervalued. Disclosing the position in April, it seemed like to many, myself included, that Ubben might not be able to get much out of Microsoft, given the company's enormous market cap, and Ubben's relatively small position.
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