No. 2 - Microsoft's Clearer Vista

Microsoft (MSFT) is striking back tonight at the critics who say Google (GOOG) and Apple (AAPL) are putting it to bed. First quarter profits surged 65% on stronger-than-expected sales of its Vista operating system.

With other products failing, it was crunch time for Microsoft CEO Steve Ballmer and he delivered – the stock took off after the results came in just hours ago. After lagging the Dow for the past five years, might it finally be time to buy MSFT?

CNBC’s Silicon Valley Bureau Chief Jim Goldman joins the guys from the west coast to answer that very question.

Jim is skeptical about what’s next for Microsoft. X-Box still isn’t making money, he says, and that’s a problem.

Zune, Microsoft's answer to the iPod, was a massive disappointment, he adds, and now the company is facing addition competition from Research in Motion (RIMM) and others. The earnings report is good news, and it buys Steve Ballmer some time, Jim says, but where does the stock go from here?

From a trading perspective though, Jeff Macke remains bullish. He says Microsoft has been under-owned for a long time and, with people constantly getting out of it, this little bit of good news can go a long way.

Tim Strazzini is impressed by the report. Considering the sheer size of the company, a 5% after hours move in the stock price should be turning heads. The company still has good fundamentals and a great balance sheet, Tim says, and it’s a good place to put money with all the talk about this market being ahead of itself.

Eric Bolling thinks it only has one place to go - and that’s down.

The bottom line: the guys would all keep Ballmer in as CEO if it were up to them – but for some, it’s only because they simply don’t know who would replace him.

Questions? Comments?

Trader disclosure:
On APR 26, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money tradersMacke Owns (SWY);Strazzini Owns (WMT), (YHOO); Bolling Owns (XOM), (AMZN) Options, Gold, Silver, Corn; Bolling Is Short Soybeans