Hopes that a rebound in the technology sector would help to fuel a broader recovery from the downturn suffered a setback on Thursday as Microsoft reported an unexpected slump in sales for its latest quarter.
The world's biggest software company said revenues had declined 17 per cent amid falling global demand for new PCs and servers. The news follows a spate of more positive earnings news from Apple, Intel and IBM.
Microsoft also sounded a far more cautious note about the prospects for a recovery in the second half of 2009.
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