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  Microsoft Annual Report (Risk Factors)
Time: 08:02 EST/13:02 GMT | News Source: ActiveWin.com | Posted By: Robert Stein

Our operations and financial results are subject to various risks and uncertainties, including those described below, that could adversely affect our business, financial condition, results of operations, cash flows, and the trading price of our common stock. We face intense competition across all markets for our products and services, which may lead to lower revenue or operating margins.

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