Microsoft's stock surges up to 14 year high thanks to Office on iPad rumors

Satya Nadella will make his first press event appearance as CEO of Microsoft March 27th in San Francisco.

Monday's announcement that Microsoft would hold a press event on March 27th, combined with rumors that it would be all about Office on the iPad, helped to send shares of the company's stock to a new 14 year high in trading today.

USA Today reports that Microsoft's stock price went up 3.94 percent to close at $39.55 a share today on the NASDAQ market. That's the highest for the company since 2000. Microsoft's stock price has been up 6 percent since the beginning of 2014.

Microsoft sent Neowin and other media outlets advanced word on Monday about the March 27th press event in San Francisco, where the new Microsoft CEO Satya Nadella will make an appearance. Officially, all Microsoft is saying is that the event ties into both mobile and cloud markets. However, Internet rumors believe the specifics will center on Microsoft's introduction of a version of Office made for Apple's iPad tablet.

Reports about Microsoft developing a version of Office for the iPad have been popping up for years, In October, now former Microsoft CEO Steve Ballmer admitted (sort of) that such a product was in the works, stating "iPad will be picked up when there's a touch-first user interface. That's in progress for Office."

Investors clearly believe that if Microsoft does release Office for the iPad, it could be a huge revenue boost for the company. It's likely that any such software would require an Office 365 subscription, rather than sold as a stand alone product.

Source: USA Today | Image via Google

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So who's assumption is this based on? "Despite the positive trends at Microsoft and with the stock, though, analysts are still slow to understand it"

I heard that the stock prices rose, because people have realized that the iPad cant compete with the Surface 2/Pro 2.

Wall-swe said,

I heard that the stock prices rose, because people have realized that the iPad cant compete with the Surface 2/Pro 2.

Only in Microsofts world does selling exponentially more mean that you aren't competing.

How do you guys know it's this rumor that started this? Anyway, it could also be because of the good news for Xbox One, perhaps the list of new Microsoft Stores has also something to do with it...

This is why I hate how the stock market works. It never goes on the long term for the company but the short term. Meaning that it may work good for the company in the short term but can make the company go out of business in the long term.

Why would this make Microsoft go out of business? They have nothing to worry about if they themselves can build appealing devices. In that case, this is simply an expansion of market.

Apple customers spend the most on their devices. They will definitely spend money on the subscription. Hopefully it's not too late for Microsoft, the longer they wait the more money they loose. Apple offers their iWork for free on all new devices.

Wall-swe said,
Why don't you stick with iwork then? Using Office must be some form of treachery for you.

Umm because some of us are mature and need to communicate with the wider world thus necessitating the need of using Office.

Wall-swe said,
Why don't you stick with iwork then? Using Office must be some form of treachery for you.

I am sticking with iWork. It was free and does everything office ever did for me. Although, the only thing I do nowadays is update my resume from time to time, write and essay, do some spreadsheets and a few presentations every once in a while. It would be stupid to pay a subscription to do that.

Would hardly call an iPad a toy, but agree that productivity is best done at least on a laptop, best on desktop with nice soft keyboard and a big bright screen. Touch keyboards leave much to be desired still, using a 6" smartphone that has the "full" mobile Office on it by default, and hardly ever use that over the desktop version.

Office on the iPad is pointless. Sure you can do it but I question the logic of doing intensive Office work on any tablet. Keyboard and mouse will always be faster and more reliable than touchscreens. Things like Photoshop and Office are best done on desktops, not toys.

Nogib said,
Office on the iPad is pointless. Sure you can do it but I question the logic of doing intensive Office work on any tablet. Keyboard and mouse will always be faster and more reliable than touchscreens. Things like Photoshop and Office are best done on desktops, not toys.

Gotta love a toy which can raise Microsofts stock so much.

virtorio said,
I know some writers that have done plenty of work when travelling on their iPads with an external keyboard accessory.

Hipster "writers" I suppose.

Nogib said,
Office on the iPad is pointless. Sure you can do it but I question the logic of doing intensive Office work on any tablet. Keyboard and mouse will always be faster and more reliable than touchscreens. Things like Photoshop and Office are best done on desktops, not toys.

Do you know that iPad has Bluetooth keyboard support for when you need to write long passages of text?

And what do you need your mouse for in Office when having a touch screen? A mouse is really only useful as a precision device, but that's hardly what you need when writing a text document or making a presentation. Unless the interface isn't adapted for tablet devices, but in this case it is.

Also, tablets aren't toys, they're consumer devices. It's much more convenient to use a tablet to read news, watch movies, than sitting in front of a desk or having a bulky laptop on an airplane.

Interesting and a positive development, but for those who have purchased an iPad in recent years, they already have the iWorks suite for free, so I'm not sure people would actually pay for Office for iPad when they already have iWorks. It's a shame because I did like Office, but I think MS have lost out a bit for not releasing an updated version of Office for Mac OS X. Office 2011 looks hideous on a retina MacBook Pro, subsequently I've learnt the ins and outs of iWorks and it does what I want...

Hmmm.... not their phones, or their tablets, or their os, but their office suite on a competitors device is what gets their stock to go up. Sad.

Hmmm.... not their phones, or their tablets, or their os, but their office suite on a competitors device is what gets their stock to go up. Sad.

It's already on their phones, tablets and OS. It doesn't make sense for Microsoft to announce that Office will continue to be available on those platforms and expect the stock to increase.

zhangm said,

It's already on their phones, tablets and OS. It doesn't make sense for Microsoft to announce that Office will continue to be available on those platforms and expect the stock to increase.

QFT. Windows Phone has had Office since it's release. Windows RT on the Surface comes with Office pre-installed. And Office 2010, 2013 run just as Office has always run on Windows 8 Pro.

Dot Matrix said,

QFT. Windows Phone has had Office since it's release. Windows RT on the Surface comes with Office pre-installed. And Office 2010, 2013 run just as Office has always run on Windows 8 Pro.

TBH Office on WP is slightly more than a viewer.
As for Office on Windows RT, it is indeed preinstalled but solely for not commercial use; in order to open and work on a business related Office document on your Surface you are supposed to have a commercial license.

margrave said,
Hmmm.... not their phones, or their tablets, or their os, but their office suite on a competitors device is what gets their stock to go up. Sad.

Why is it surprising? the current CEO, from what has been leaked, was never keen on the idea of purchasing Nokia devices devision let alone many of the hardware purchases recently - end of the day he would rather be a services and software company where he doesn't actually care how you access their services as long as you're a paying customer of their services. With that being said as things move into the cloud more the focus will shift further and further away from the underlying operating system. The operating system is merely a firmware that allows people to do what they need - it shouldn't be seen as the be all and end all but rather a means to an end.

Mr Nom Nom's said,

The operating system is merely a firmware that allows people to do what they need - it shouldn't be seen as the be all and end all but rather a means to an end.

What's funny about this is that we've then gone full circle and are back to why operating systems existed in the past. It was just a layer on top of the hardware, any tools you used weren't really part of the OS per se. There was still a business and money to be made from developing operating systems though, because people need to be able to use the hardware. :p

Northgrove said,

What's funny about this is that we've then gone full circle and are back to why operating systems existed in the past. It was just a layer on top of the hardware, any tools you used weren't really part of the OS per se. There was still a business and money to be made from developing operating systems though, because people need to be able to use the hardware. :p

That'll become once again the job of the OEM to do and not a contracted third party. The Smartphone market has pushed the market into a full loop back to when the OEM's used to have their own operating system and used that fact to be able to differentiate their offerings.

Enron said,
Or how important Office 365 subscriptions are for their future business model.

Important and lucrative for vendors... without a doubt; for customers... time will tell although I am not optimistic.

Cosmocronos said,

Important and lucrative for vendors... without a doubt; for customers... time will tell although I am not optimistic.

I've been using Office 365 since it came out and have to say I really like it. Plus now with the OneDrive integration, it makes working across multiple PCs, Macs, phones, tablets really convenient.

Enron said,

I've been using Office 365 since it came out and have to say I really like it. Plus now with the OneDrive integration, it makes working across multiple PCs, Macs, phones, tablets really convenient.


As it is right now, offered at a low price compared to an absurdly restricted and jacked up prices for the retail suite, it is undoubtedly appealing but what MS might do in the future is unknown.

Shadowzz said,
Or how shallow the stock market is.

Why?

Obviously MS will make more money by supporting Apple OS with its softwares. How does it make the stock market shallow? The stock market is not for fanboys. It is for investors. It is time MS listen to its investors a little bit more and stop thinking it is 1990 and they are still alone in this market.

LaP said,

Why?

Obviously MS will make more money by supporting Apple OS with its softwares. How does it make the stock market shallow? The stock market is not for fanboys. It is for investors. It is time MS listen to its investors a little bit more and stop thinking it is 1990 and they are still alone in this market.

The stock market is not rational. It works purely by rumor. The goal of the people who play the stock market is to predict popularity, hence "shallow."

Enron said,
Or how important Office 365 subscriptions are for their future business model.

/thread.. MS is going to make a huge killing off this. If this requires an Office 365 subscription, MS can give the client away for free and totally lock out Apple of any profits. Apple wins a bit because it makes iPads more productive (especially with a BT keyboard) but MS ends up being the big winner here. I wish much success upon them..

It is even speculation if this is the reason, Microsoft also announced that the Xbox One will be coming to more markets, they also announced that they where going to open more stores. Nothing said that this rumor is responsible for this.

LaP said,

Why?

Obviously MS will make more money by supporting Apple OS with its softwares. How does it make the stock market shallow? The stock market is not for fanboys. It is for investors. It is time MS listen to its investors a little bit more and stop thinking it is 1990 and they are still alone in this market.

Shadowzz said,
Or how shallow the stock market is.

My thoughts exactly. These Microsoft investors are thinking shortterm. Quick gains so they can sell their stock with a huge profit.

It's not in Microsoft's interest to vallidate Apple's OS as a alternative to Windows. Microsoft should be well aware that a word processor is the key to making an OS useful for productivity. This is how Windows came to dominate the market in the 90's.

Microsoft has to consider how they're going to make Windows relevant in the touch and mobile space. I'm not saying Office alone will do it but it's an important tool in any strategy. Investors don't care and they're ill-informed.