Microsoft shares are down slightly today, but touched their highest levels since 2000 this week. The stock is up about 8% since Satya Nadella took the reins at the lumbering tech giant. Speculation that the company will soon begin selling its Office software on Apple’s iPad tablets has given the stock is latest leg up. Of course, there’s still a long way to go before Microsoft shares are back at the dizzying heights of the Bill Gates (pre-tech bust) era.
The returns since Nadella took charge are actually pretty much in line with the broader market. But the upward trajectory may quell some of the disappointment that an outsider such as Ford CEO Alan Mulaly didn’t get the top job.