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Microsoft plans over $1 bln charge for Xbox repairs

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Old 07-05-2007
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Microsoft plans over $1 bln charge for Xbox repairs
LOS ANGELES (Reuters) - Microsoft Corp. said on Thursday "an unacceptable number of repairs" to its Xbox 360 will force it to take a charge of more than $1 billion for its most recent quarter, and it announced a new, extended warranty for the video game console.

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