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  Stock-swap programme costs Microsoft millions
Time: 07:09 EST/12:09 GMT | News Source: ZDNet UK | Posted By: Byron Hinson

Microsoft's stock-option exchange programme has cost the company over $600m, but profits remain healthy in its client and information worker units. Hit with a stock-option transfer programme and higher payroll costs, Microsoft's server and tools business posted a hefty operating loss in the December quarter.
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