Microsoft Predicts a Slow Rebound

The economic slump has bottomed out and optimism is returning, but it will take some time for business to return to more normal levels, Microsoft Corp. (MSFT) International President Jean-Philippe Courtois said Monday.

Mr. Courtois’s comments echo those of Microsoft Chief Executive Steve Ballmer, who told delegates at a Confederation of British Industry conference Monday that he expects the economy to stay weak and recover only slowly.

Still, Mr. Courtois was more optimistic on the outlook for emerging markets, which he said are doing well. Microsoft doesn’t separate out business performance geographically.

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