Microsoft (MSFT) stunk up the joint today with a double-barreled press release.
Firstly, their board elected Reed Hastings, founder, chairman and CEO of Netflix Inc.,as the lead independent director. Netflix is revolutionizing the movie business. Where will this guy’s heart and mind be as he tries to be independent on Microsoft issues? Not a good fit as a board member in the first place. Just remember how well Eric Schmidt from Google (GOOG) worked out on the Apple (AAPL) board. Time bomb ticks very loudly.
Secondly, the board will no longer use a wire service to disseminate financial information. They will now use an RSS feed from the investors relations component to their website. This will disadvantage the concept of wide dissemination. You have to be digitally tracking. The entire manner of explaining information to the market place is quickly changing. Investors will most likely not benefit.
Disclosure: George Gutowski writes from a caveat emptor perspective. I hold no positions in stocks mentioned in this post.