Microsoft (MSFT) is the world’s largest independent developer and seller of computer software products for a wide range of computing devices.
The company has earned between 30-40% return on equity over the last 10 years and has grown its earnings and dividends at a 12%+ pace over the last five years. MSFT was impacted by the recent economic down turn, but is returning to above average earnings growth as a result of:
(1) the introduction of Windows 7 is benefiting from its commanding position in the PC market,
(2) expansion into the mobile space,
