Source: www.benzinga.com --- Thursday, May 26, 2016
Microsoft Corporation (NASDAQ: MSFT ) announced a $950 million restructuring plan for its smartphone business. Pacific Crest’s Brendan Barnicle maintained an Overweight rating for the company, with a price target of $65. The analyst said the restructuring charges indicated are “unsurprising,” and have no impact on the investment thesis for Microsoft. Within the restructuring plan, Microsoft aims to eliminate 1,350 jobs at Microsoft Mobile Oy in Finland and an additional 500 jobs globally. The restructuring charge ... Full story available on Benzinga.com ...
from Microsoft http://ift.tt/1qLo8aO
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