Orlando, FL -- (SBWIRE) -- 09/03/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Microsoft Corporation (NASDAQ:MSFT), Vodafone Group Plc (ADR)(NASDAQ:VOD).
Microsoft Corporation (NASDAQ:MSFT) shares fell 0.45% to $33.40. The company on August 30 offered a seat on its board to the president of ValueAct Capital Management, the activist fund manager that pressed for the ouster of Microsoft Chief Executive Steve Ballmer and wanted a say on the software giant's strategy after taking a $2 billion stake earlier this year. The offer marks a victory for ValueAct. Reuters first reported in July that the fund was seeking a board seat as poor quarterly results slammed Microsoft's share price.
Within weeks of announcing plans by CEO Steve Ballmer to retire, Microsoft will probably boost its dividend amid calls by activist shareholder ValueAct Holdings LP to return more cash to investors, reports Bloomberg on August 28. Microsoft is set to increase the quarterly dividend by 13% to 26 cents a share, according to Bloomberg data.
Additionally, the company on August 27 removed a major overhang affecting the company after announcing that its chief executive officer, Steve Ballmer will retire over the next twelve months. According to them, investors have been worried for years over Ballmer’s tenure and lack of succession plan.
Are investors worried about the recent updates with MSFT? Find out with a free trend analysis HERE
Vodafone Group Plc (ADR)(NASDAQ:VOD) shares gained 1.73% to $32.35. Verizon is in talks to buy out U.S. wireless joint venture partner Vodafone as it looks to grow its lucrative mobile business. In a statement on August 29, Vodafone said it is in discussions with Verizon Communications Inc. (VZ, Fortune 500) over the possible sale of its 45% stake in Verizon Wireless. Verizon Communications holds the remaining 55% share.
Additionally, HybridPayTech, a division of Freeport Capital Inc. CNSX:FAS) technology leader in the mobile payment space, on August 21 announced it has selected Vodafone's (VOD) global machine-to-machine (M2M) platform to provide connectivity for its pioneering mobile payment service. The service allows businesses to equip mobile employees with smartphones or tablets that can securely process credit and debit card payments globally using Vodafone's network.
Is VOD going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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