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Microsoft slips after Goldman lowers earnings estimate

Time: 15:00 EST/20:00 GMT | News Source: Reuters | Posted By: Byron Hinson

Shares of Microsoft Corp. fell nearly 8 percent to their lowest level in two months on Thursday after one of Wall Street's most influential voices on the world's top software maker cut his earnings and sales estimates because of the drop in PC demand. Microsoft's stock fell $4-5/16 to $52-3/8, nearing its 12-month low of $48-7/16, which it hit in mid-October. With trading volume at more than 52 million, the Redmond, Wash.-based company was the most active issue on the Nasdaq.

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