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Investors are closely watching the action in Microsoft [ MSFT 27.72 
-0.30 (-1.07%) ] Thursday after the company held its annual shareholder meeting.
"There's no doubt that fiscal year 2009 was one of the most challenging we've ever faced,” said CEO Steve Ballmer as he addressed the audience.
And while "we saw revenue decline for the first time in the company's history, fiscal year 2009 was actually a good year in terms of execution and fiscal management," he added pointing to the launch of Bing, Zune HD and other products.
Windows 7 came out in October, which was after fiscal year 2010 began.
About the new operating system he said, “Sales of Windows 7 are running at twice the level of any previous version of any operating system.”
In other words, Windows 7, launched a month ago, has "already sold twice as many units" than any previous version in a comparable time, said Ballmer
What’s the trade?
I’m bullish, says ISI managing director Heather Bellini. I like the stock until the Street takes the punchbowl away from the party.
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