PCs have been rendered redundant in the age of powerful, highly-portable smartphones and tablets; cloud computing and virtualization has disrupted the software industry; and social media is transforming how human beings interact with each other using modern technology. The tech sector, dominated up till now by a handful of big names like Microsoft (MSFT), IBM (IBM), Cisco (CSCO), HP (HPQ) and Intel (INTC), is witnessing disruptions that have forced these giants to bend their knees to lesser companies.
But while no tech analyst will argue the fact that legacy tech companies have struggled to adapt to emerging trends, we at Bidness Etc feel that the idea that they hold no upside for investors has been a little oversold. We’ve been analyzing how these companies are using their resources to make a strong comeback and stay relevant in the new age of technology, and we feel that they’re still safe bets. Here’s why:
Microsoft CorporationSoftware giant Microsoft seems to have been sailing on a leaky boat over the past decade. The company has had to initiate major structural changes in the past two years to stay relevant in the modern tech age, and its flagship products – Microsoft Windows and Microsoft Office – have generated fewer revenues every year as demand for PCs falls.
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