Microsoft sees a few tough years for online advertising, at least in the European, Middle East and Africa markets, with a recovery not happening until 2012 "at the earliest," says John Mangelaars, Microsoft regional VP, consumer and online International division, EMEA.
"From a Microsoft view, we don't believe budgets will go up any time soon, and I'm talking the next three years," he says.
"Not a lot of people are making money from online at the moment," he says.
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