Hedge funds see Microsoft as a bargain

Reuters – Top hedge fund managers like Dinakar Singh and David Einhorn scooped up Microsoft Corp shares in the second quarter, taking advantage of historically low price-to-earnings multiples for the world’s largest software company.

Microsoft — whose systems run more than 90 percent of the world’s personal computers — saw its shares fall sharply last quarter, even as Wall Street analysts forecast rising profits in the year ahead.

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