was down 1.1% in preopen
trading. Friday afternoon the software giant said it has not lowered its earnings forecast but it remains cautious about the U.S. economy. Microsoft's CFO, in an interview with
, declined to elaborate on the company's outlook but said its expectations haven't changed since its Jan. 18 conference call.
This morning, Microsoft announced a deal with Internet auctioneer
to develop e-commerce applications and expand their presence on the Web. eBay was up 0.7%.