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Posted AT 5:08 PM EST on 17/07/08

Microsoft profit outlook misses forecast

Reuters

LOS ANGELES — � Microsoft Corp. posted a 29 per cent rise in quarterly profit Thursday, but the company issued a forecast below Wall Street expectations for the current quarter and cited difficult economic conditions, sending its shares down 5 per cent. Microsoft, which is locked in an on-again, off-again pursuit of Yahoo Inc., reported a net profit of $4.

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