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> Under Mr. Nadella, Microsoft is shaping up to be the only pre-internet tech giant to escape the decline of its legacy product—the Windows PC operating system—and emerge as a leader in the new era of cloud computing.

Other than Apple, Oracle and IBM?

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This is the IBM that has enjoyed 18 consecutive quarterly declines in revenues, including the most recent 21% fall in hardware revenues? ;-)

It has bought more than 100 companies to try to reverse its decline (including Softlayer), so maybe it won't get much worse. However, this is a company that used to be a titan when Microsoft was a midge on its PC division's backside...

Apple is the only one of the three that could credibly be said to have "escape[d] the decline of its legacy product" and none could be said to have "emerge[d] as a leader in the new era of cloud computing".

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