Microsoft Corporation (MSFT) To Spend $6.5 Billion On CapEx In 2014

Microsoft Corporation (MSFT) To Spend $6.5 Billion On CapEx In 2014

Microsoft Corporation (NASDAQ:MSFT) held its Financial Analyst Meeting last Thursday. Although the company didn’t provide as much detailed information as some were hoping, the company’s management did highlight a path toward growth. They also announced that they’ll be spending $6.5 billion on capital expenditures in 2014—far more than most were expecting. JPMorgan analyst John DiFucci and the rest of his team continue to remain Neutral on Microsoft and have set a $30 a share price target on the company’s stock. Read more