Microsoft (NASDAQ:MSFT) and Facebook Unveil Docs.com

Microsoft (NASDAQ:MSFT ) shares stood at 31.33 as of 4/21/2010 signifying a -0.028 – -0.09% change over the previous trading period.

Microsoft Office represents a significant part of the tech giants revenue so you can imagine their worry with Google doing its best to push forward their online version in Google Docs. Microsoft has decided to standby and watch no more, with a recent keynote speech where Facebook CEO Zuckerberg announced a joint partnership with Microsoft to introduce Docs.com. Docs is an online version of Microsoft Office’s software which will allow Facebook users to easily share documents with their friends. If the service proves to be successful, it could cannibalize its own Office sales – but Microsoft would rather that happens then Google establishing a dominant market position in this emerging business.

Microsoft, a company in the Application Software (Software) industry, has had its share of headlines lately, which has led to a -0.6% change in its stock price over the past 3 months.

Investors looking to make a play on Microsoft should consider their striking price. Finding a gap in the market or technical analysis can be a fruitless exercise, but do make sure you take into account the price history:

We’ll be keeping a close eye on the MSFT (NASDAQ:MSFT ) stock level for developments over the next couple of weeks.