Another CLASSIC example of "fundamental change" this morning!!
Microsoft (MSFT)
They (The Board of Directors) dumped Ballmer (the CEO since 2000) and installed Nadella.... and the shares and company are responding positively.
When you look at the MSFT chart -- you'll see great things happened until a sharp peak at the end of 1999.... and then a basic MOUNTAIN top shape downward from there. They announced Ballmer would be CEO in 1999 and he began his term in January 2000.... for the next several years the stock languished. The brains of the company (many are/were friends) bailed like rats leaving a sinking ship. So many big (HUGE) mistakes were made under Ballmer's term - the company spent BILLIONS on failed acquisitions and the linchpin product (Windows) lost market share to Apple (AAPL). Windows 8 was Ballmer's undoing.... OUT!
Enter Nadella... The market cheered... he immediately said they'd fix Windows 8.... and the stock takes off.... Now only a couple quarters and his (Nadella) hands are showing and the market loves it.
That is the essence of fundamental change.
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