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To cap it off, Microsoft also absorbed a $900 million charge to its most recent quarterly earnings to account for its expected losses from a company-produced tablet Surface which relies on a slimmed-down version of Windows 8 called RT that Moorhead called an "even bigger flop" than the full version.
In afternoon trading, Microsoft shares rose $2.20, or 7 percent, to $34.59. Over the past 52 weeks, the company’s shares have traded between $26.26 and $36.43.
AP Technology Writer Michael Liedtke in San Francisco and AP Business Writer Christina Rexrode in New York contributed to this story.
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