Adam Hartung is man who takes no prisoners. You may recall how he criticized CEO Steve Ballmer last year, labeling him as “the worst CEO of a large publicly traded company”. Whoa!
In his 2012 article he decried that Microsoft’s monopoly over the personal computing industry had vanished, and consumer desire to upgrade products created by the Redmond company had evaporated.
Now, the Forbes analyst is back for more.
Hartung, who is also a managing partner at consulting firm Spark Partners, said in a blog post that things are looking pretty grim for Microsoft, and the recently released products from the Redmond computing titan completely ruined the company.
So much so that Microsoft is very likely to close several divisions in the near future and cut thousands of jobs. In other words, game over for the company. Pretty strong words:
“Failure is already inevitable. At this stage, not even a new CEO can save Microsoft. Steve Ballmer played ‘Bet the Company’ on the long-delayed release of Win8, losing the chance to refocus Microsoft on other growing divisions with greater chance of success.”
According to him Microsoft may be forced to fire thousands of people in the coming years. Hartung estimates that up to 60 percent of Microsoft’s 94,000 employees will have to be let go, and several divisions may be closed.
Even more, Microsoft could be forced to sell off its entertainment division to companies like Sony:
“No longer is Microsoft seen as a leader, and instead it is rapidly losing market relevancy as people look to Apple, Google, Amazon, Samsung, Facebook and others for leadership. The declining sales, and lack of customer interest will lead to a tailspin at Microsoft not unlike what happened to RIM.”
The analyst believes that Microsoft’s business is set to decline even more in the coming years, and Steve Ballmer’s retirement is the only way forward. He should leave right about now:
While Adam gave some pretty inaccurate figures in his blog post regarding Windows 8, RT, and XP, he nevertheless recommend people to sell their Microsoft stock, terming this a collapsing business. He concludes:
“Game over. Ballmer loses. And if you keep your money invested in Microsoft it will disappear along with the company.”
Oh boy, the way he talks, I don’t reckon much elaboration is required here. I’ll leave the commenting to you guys. Do share what’s on your mind. What do you make of all this talk?