Einhorn on Ballmer at Ira Sohn: A Caretaker

Some very good stuff in David Einhorn’s full analysis of Microsoft from the Ira Sohn conference a few weeks back:

Ballmer’s problem is that he is stuck in the past, and is at best a caretaker in an industry demanding constant innovation. He’s allowed competitors to beat Microsoft in huge areas including search, mobile communication software, tablet computing, and social networking. But even worse, his response to these failures has been to pour tremendous resources into efforts to either buy or develop his way out of these holes.

via Transcript of David Einhorn’s Speech at the Ira Sohn Conference – Insider Monkey.