Microsoft: SharePoint picks up Office's slack

InternetNews | at | by Mike

Microsoft's first major layoffs signaled earlier this year that the economy's precipitous slide hurts even the world's largest software company.

But as enterprises cut costs, Stephen Elop, president of Microsoft's business division, still sees plenty of reason for optimism despite slowdowns in sales of his division's flagship product, Office 2007.

Instead, other offerings in the company's business portfolio, notably SharePoint, are still performing well, Elop said during today's Morgan Stanley Technology Conference.