Office for iPad Rumors Give Microsoft's Stock a Boost

Microsoft's share price hit levels Tuesday not seen since the dot-com boom days, with analysts attributing the rise to a report on Monday of Office finally landing on the iPad. Microsoft's shares rose as much as 5 percent to $39.90 on Tuesday, adding $15 billion to the company's value, Reuters reported. The last time the software giant's shares flirted with $40 was in July 2000.

ZDNet, Reuters, and others reported on Monday that Microsoft has scheduled a March 27 press briefing in San Francisco where Microsoft's new CEO Satya Nadella will introduce the Microsoft Office for iPad suite of applications.