Microsoft reached its financial bottom over the summer, according to an analyst with Jefferies Co., but could be positioned to take advantage of improving economic conditions in both the PC market and at large. The Oct. 22 release of Windows 7, generally viewed as successful, provides some hope for Microsoft that business and consumers will purchase its new operating system along with new PCs, boosting revenues for both Redmond and its manufacturing partners.
– Microsoft likely hit its financial bottom over the summer, suggested analyst Katherine
Egbert from research firm Jefferies amp; Co., and has a strong chance of
rebounding as both the economy and the tech sector continue to dig themselves
from a longstanding economic recession.

quot;Strong C…