Microsoft shares look 'super cheap'-Barron's

NEW YORK, June 21 (Reuters) - Microsoft Corp (MSFT.O) shares look "super cheap" even after recovering in recentmonths, as the company's new software and search engine Bing help drive growth, business weekly Barron's said.

A technology column in Barron's online edition published this weekend said demand for its Windows 7 operating system, due to launch later this year, was likely to be strong.

It also cited strong data for its new Bing search engine, saying that while Microsoft was still a distant third in the online search market, it may have found a way to boost its standing without buying Yahoo Inc (YHOO.O).

The column also said Wall Street's consensus forecasts for Microsoft may be "too grim," and noted the company's aggressive cost cuts, below-market valuation and strong cash position.

"With both Windows 7 and Bing, Microsoft for the first time in eons is giving off the aura of a company that is innovating and listening to users. That has helped the stock rebound more than 50 percent off the March low -- but there should be plenty more to come," it said. (Editing by Maureen Bavdek)