Shares of Polycom (NASDAQ:PLCM) were down 9.6% as of 11:15 a.m. Monday after William Blair analyst Jason Ader downgraded the stock from "market perform" to "underperform."
The interesting part of the article is this:
Ader also expressed longer-term concerns for Polycom's relationship with Microsoft, as the tech giant launched its own videoconferencing solution earlier this year dubbed Microsoft Surface Hub.
The Surface Hub is nothing like any product Polycom currently sells, and that's a good thing for Polycom. I don't see the Hub cutting into anyone's business in this space until the product gets refined. That may take a while.