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This is anecdotal, not empirical, but the two smartest value-oriented investors writing blogs just simultaneously threw in the towel on Microsoft ($MSFT).  In both cases, the trigger was the new Windows 8 operating system.  The techies seemed to have known for awhile that 8 would be a letdown, it is well documented throughout the tech blogosphere.  But now that dissatisfaction is making its way through the investing community.

First, my pal Vitaliy Katsenelson, the brilliant investor and author of Contrarian Edge.  In his latest article at Institutional Investor, he begins thusly:

And then last night I saw John Hempton, legendary blogger and hedge fund manager at Bronte Capital, say that he had also sold out of Microsoft because of the new OS:

There are important points made in both articles, I highly suggest you read them - even if you disagree.