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Goldman Sachs Calls For Microsoft To Spin Off Xbox Division

Goldman Sachs Calls For Microsoft To Spin Off Xbox Division

Sean P. Aune

It’s hard to believe, but by some analysts measuring, the Xbox division of Microsoft is still unprofitable due to “corporate overhead”.  To this end, Goldman Sachs, a well known global investment banking and securities firm, has lowered Microsoft stock from a “buy” to “neutral”, and adjusted the target stock price from $32 to $28.  To correct for these issues, the firm is suggesting...