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Microsoftâs condition is different, as are the times. It has an unmistakably great brand and is financially quite healthy, with enormous annual cash flow. Nobody matches its embedded base in corporations. It has missed some bends in the road, however, such as the major shift to mobile devices from PCs. Its ecosystemâcompanies that build apps or products using Microsoft technologyâis hurting. Demand for the products that generate the largest amount of cash flow is declining.