Microsoft Corporation (NASDAQ:MSFT) Pushed Out A Mysterious Driver To Windows Users- PPG Industries, Inc. (NYSE:PPG)

Microsoft Corporation (NASDAQ:MSFT) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.31% to close at $64.93 with the total traded volume of 19.53 Million shares. Microsoft (MSFT) pushed out a mysterious driver to Windows users on Wednesday that caused big problems for some.

The driver, listed as “Microsoft — WPD — 2/22/2016 12:00:00 AM — 5.2.5326.4762,” wasn’t accompanied by any details, although we knew from the name that it related to Windows Portable Devices and affected users who had phones and tablets connected to the OS. While the driver was an optional update for Windows 7 and 8.1 users, it was installed automatically for those on Windows 10.

Microsoft admitted the problem with the driver, saying on the Answers Forum: An incorrect device driver was reported for Windows 10, on March 8, 2017, that affected a small group of users with connected phones or portable devices. After installation, these devices are not detected properly by Windows 10, but are affected in no other way. They removed the driver from Windows Update the same day, but if the driver had already installed, you may still be having this issue. The firm has institutional ownership of 74.90%, while insider ownership included 2.30%. Its price to sales ratio ended at 5.84. MSFT attains analyst recommendation of 2.10 with week’s performance of 1.06%.

PPG Industries, Inc. (NYSE:PPG) [Trend Analysis] plunged reacts as active mover, shares a loss -0.82% to traded at $102.09 and the percentage gap between open changing to regular change was 0.98%. PPG (PPG) reported that it will implement consumer-specific price increases and surcharges in Asia to offset a important rise in raw material costs. The price changes will impact a select group of automotive OEM coatings and industrial coatings products, effective April 1 or as contracts permit. “The coatings industry in Asia is currently experiencing a dramatic tightening of commodity supply, stemming from surged environmental regulations and controls, supplier capacity constraints, and regional availability of feedstock’s,” said Tim Knavish, PPG senior vice president, automotive OEM coatings.

“While we must work with our consumers to share the burden of these cost increases, we remain committed to providing them with global coatings solutions that offer outstanding value, world-class service and the latest technologies,” said Shelley Bausch, PPG vice president, global industrial coatings. Details of the price increases will be communicated directly to consumers. The firm’s current ratio calculated as 1.50 for the most recent quarter. The firm past twelve months price to sales ratio was 1.79 and price to cash ratio remained 14.20. As far as the returns are concern, the return on equity was recorded as 17.20% and return on investment was 6.50% while its return on asset stayed at 5.20%. The firm has total debt to equity ratio measured as 0.92.

 

About Devon Leftovich

Devon Leftovich is an entrepreneur. He has been writing and editing professionally for over six years. He is admin editor and senior content writer of SWR. However, he has determined to give investors something rare, a dignified partner who can manage money with integrity and a clear conscience about the degree of due diligence behind investment decisions. He said, "I love the financial world because it is like one big puzzle and I hope we the SWR help each other out to solve the puzzle to help us realize our dreams." Interests: Analysis of different Companies; including news and analyst rating updates. He performs analysis of Companies and publicizes important information for investor/traders community. Stocks long-term and short-term holding views, Tech Stocks

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