A Sunny Day in Redmond

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REDMOND, Washington: More good news for Bill Gates in his quest to make all the money in the world: Microsoft reported fiscal third quarter earnings of $1.04 billion, up 85 percent. Revenue jumped 45 percent, far exceeding expectations. Despite all the buzz about the Internet as Microsoft's profit center of the future, the key factor in this quarter's explosive growth was strong sales of an updated version of an old standard, the company's Office 97 software.