Microsoft unveiled a software challenge to Lotus.
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The Bellevue, Wash.-based company said the $395 program, called Excel, will be more powerful for financial analysts than rival Lotus Development’s Jazz software, which is expected to be available later this month and will sell for $595. Microsoft’s new financial analysis software program is for Apple Computer’s Macintosh model. Bill Gates, Microsoft chairman, said his firm will begin shipping the units in September.
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