EOH shares down 34% after Microsoft cancels partnership without giving a reason

The share price of EOH Holdings fell by 34% on Tuesday morning after Microsoft cancelled two partner agreements with the JSE-listed tech services company without giving a reason for doing so.

The Money Show’s Bruce Whitfield interviewed Duncan McLeod, Founder and Editor at Techcentral.

Listen to the interview in the audio below (and scroll down for quotes from it).

EOH now has no direct access to Microsoft products and services.

Duncan McLeod, Founder and Editor - Techcentral

We don’t know why Microsoft has done this. We can only surmise that it is something quite serious…

Duncan McLeod, Founder and Editor - Techcentral

Investors are in the dark at the moment… EOH has been a bit slow [with its Sens statement]...

Duncan McLeod, Founder and Editor - Techcentral

EOH used its rising share price to buy companies… it’s going to be more difficult for them to grow…

Duncan McLeod, Founder and Editor - Techcentral

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This article first appeared on 702 : EOH shares down 34% after Microsoft cancels partnership without giving a reason


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