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Microsoft Shares Hit 14-Year High Amid Office For iPad Rumors

story over at Reuters, Redmond stock increased by 5 percentage to reach $39.90, helping increase the company’s market value by a notable $15 billion in a matter of hours. Mark Moerdler an analyst with Bernstein Research said on the matter:

“We estimate that if 10% of the iPad install base were to subscribe to Office then this could add 15 million subscribers and generate $1.1 billion to $1.5 billion in consumer Office subscription revenue per year.”
Microsoft is expected to unveil Office for iPad on March 27, and the company has scheduled a press conference in San Francisco that will see the new CEO Satya Nadella take the stage for the first time. However, Office for iPad is just one step towards a broader expansion of the popular productivity suite. The company is said to be developing a completely touch optimized version of Office aimed at not just Windows 8 users, but also Android and iOS devices.]]>

Written by Hamid Khan

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