Microsoft (MSFT) Says Sales Will Be Affected By The Economy

Microsoft's (Nasdaq: MSFT) Chief Executive Steve Ballmer said on Monday that Microsoft's (Nasdaq: MSFT) revenues will be impacted by the economic slowdown.

"Revenues in our industry, and in our company, will be affected by the economic conditions," Ballmer said in an interview with Reuters TV.

Microsoft is trading down just over 5% this morning to $17.96.

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Microsoft Corporation develops, manufactures, licenses and supports a range of software products for computing devices.

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