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Tuesday, November 3, 2009

Microsoft CEO: Business may never recover

In a statement that must send chills up the spines of other tech CEOs, Microsoft’s (MSFT) Steve Ballmer said that the vicious recession may have reset IT spending to a level which will never recover to where it was in the period just before the downturn.

“While we will see growth, we will not see recovery,” Ballmer said.

Ballmer is speaking directly to Microsoft’s own future, although he did not frame his comments that way. There has been growing concern that the world’s largest software company will...

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