Is Microsoft reorganization prelude to breakup?

Over at MarketWatch, John Dvorak’s take on the Microsoft reorganization is that it may be the prelude to a breakup, or even sell-off of part of the company :

When I read the news about Microsoft’s radical reorganization the first thing that came to mind was that this is a prelude to Microsoft either splitting the company into three separate corporations or perhaps selling off one or two pieces of the company. The new organization looks too much like three separate companies that are designed to all survive alone.

Microsoft has three “cash cows” : Windows, Office, plus, potentially, the new Xbox group. The problem is that a surplus of cash ~ around $60 billion in the bank ~ makes for a lazy company. “So it’s no surprise that the two cash cows and the one potential cash cow were removed from each other in the reorganization and each given its own President.”

These three product groups could easily be spun off into three new companies. Then “it’s off to the races.”