But Maguire insists that the company will restore its credibility with a series of new products.
“Windows 8 isthe big release most people know about, but we’ve got a new version of Office and a whole bunch of new cloud-based offerings,” he said. “It’s all coming together now.”
Alongside Windows 8and its new “Surface tablet” — a hybrid tablet and keyboard designed to challenge Apple’s all-conquering iPad — Microsoft is set to release a new web-oriented version of its Office suite of applications over the next 12 months.
“Microsoft is a stealth gorilla in business, and now has the ability to incorporate tablets and mobile into an experience that can be managed with a central IT manager,” said Maguire.
That said, Maguire acknowledges that for the share price to really jump, more people will need to buy into Windows 8 — an uncertain outcome.
Meanwhile, skeptics have declared Microsoft has “lost its mojo,” as Apple and Google corner the market in “cool” devices.
“I think they have acknowledged that they can’t dominate the world anymore,” Maguire said, while arguing Microsoft’s future profitability may be cool enough.
—By CNBC.com’s Jennifer Leigh Parker
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Disclosure information for Edward Maguire was not available. Credit Agricole Securities could not be reached.
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