Daily: Does Microsoft have its mojo back?

Daily commentary

In the tech world the big news is Microsoft's unveiling of the Surface Tablet and Windows Phone 8 on back to back days. There is a lot of positive buzz around these two initiatives. The question, of course, is whether it will vault Microsoft into the big leagues in the mobile arena. As a stock, Microsoft is reasonably priced with a P/E of 11x and a dividend yield of 2.6%. Any additional bump in the high growth mobile space will be a big positive for Microsoft's earnings growth and it makes Microsoft a company to reckon with in tomorrow's big markets via its Xbox, tablet, and phone offerings. But the news doesn't just affect Microsoft, it is a big deal for Nokia as well as Nokia is now tied at the hip to Microsoft in the mobile space.

My general sense here is th...

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