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Technology Stocks : How high will Microsoft fly?
MSFT 459.86+0.7%Jan 16 9:30 AM EST

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To: dybdahl who wrote (62275)10/28/2001 5:35:41 PM
From: DiViT  Read Replies (1) of 74651
 
Microsoft Eyes 30-40 Pct Growth in Parts of Europe

SOFIA (Reuters) - Microsoft Corp. (Nasdaq:MSFT - news) expects annual sales growth of 30 to 40 percent in the fast-growing market of Central and Eastern Europe in 2002, the U.S. software giant's regional chief said on Friday.

``We think the growth will be between 30 to 40 percent and will come from the new products like Office XP and Windows XP (news - web sites), from the PC shipment growth and from fighting software piracy which are the key drivers for the growth,'' said Jan Muhlfeit, Microsoft Regional Director for Central and Eastern Europe.

Microsoft sales in the region rose 69 percent in the fiscal first quarter ended September 30, a sharp rise from a growth of 12 to 15 percent in the same period last year, Muhlfeit told Reuters in an interview in the Bulgarian capital Sofia.

``Central and Eastern Europe was last fiscal year the fastest growing region and after quarter one, it is again,'' said Muhlfeit, who is in Sofia for the launch of Windows XP, the latest version of Microsoft's flagship product.

Sales of personal computers are expected to increase by 10 to 12 percent in the region in 2002, he said.

dailynews.yahoo.com
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