Microsoft-Activision Deal Blocked. Now What?

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The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 26 April 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

How hard will Microsoft and Activision-Blizzard fight to appeal the decision by UK regulators?

(00:21) Bill Barker discusses:
- Microsoft's strong 3rd-quarter results being overshadowed
- The $3 billion breakup fee Microsoft is now likely to have to pay
- Chipotle shares hitting a new all-time high after 1st-quarter profits were much higher than Wall Street was expecting

(15:48) As businesses look to cut costs, what does that mean for cloud spending? Tim Beyers and Tim White take a closer look at Amazon Web Services.

Companies discussed: MSFT, ATVI, SONY, NTDOY, CMG, AMZN, DDOG, ORCL, IBM

Host: Chris Hill
Guests: Bill Barker, Tim Beyers, Tim White
Producer: Ricky Mulvey

Transcript

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0:00.0	Microsoft gets bad news and good news while Chipotle shareholders get great news with
0:10.7	a side of guac.
0:12.1	Motley Fool Money starts now.
0:14.8	I'm Chris Hale joining me in studio for the first time in a long time.
0:25.4	It's Motley Fool Senior Analyst Bill Parker.
0:27.4	Good to see you.
0:29.0	Good to be back.
0:30.0	We're going to start with Microsoft today because Microsoft is dominating the business
0:35.2	news for a couple of reasons.
0:36.5	We're going to get to the first one, which is a I'm going to say glowing third quarter
0:41.4	report profits and revenue were higher than expected shares of Microsoft up nearly 8%
0:47.5	and hitting a new 52 week high.
0:50.7	You and I were talking about this earlier this morning.
0:52.5	This is an alphabet was the same one of those conference calls where AI mentioned a lot
1:02.8	in terms of the quarter itself.
1:04.5	What stood out to you for Microsoft?
1:06.4	Well, as you're up 27% year over year, that's continuing to tick down as quarters go
1:14.4	by up from like the 50% range.
1:16.8	It was thriving on and back in 2021, but still for something as big as this to still be
1:23.6	grown 27% year over year is I think one of the big keys to the market reaction today.
1:30.3	In terms of all of the talk around AI, I know we're in early days, but it seems like there's
1:39.4	this general sentiment that Microsoft's doing a better job than alphabet is.
	...

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