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It depends on if you have configured Microsoft Exchange Server or POP3 etc..<br />
Whether the information is stored on a server or locally..<br />
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I think you can find all the information you need here:<br />
<a href="http://office.microsoft.com/en-us/outlook/HA012308921033.aspx?pid=CH102499831033#1" rel="ugc">http://office.microsoft.com/en-us/outlook/HA012308921033.aspx?pid=CH102499831033#1</a>
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Clear, concise, to the point with additional resource suggestions without them being requested.
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Can I recover Outlook 2007 contacts and calendar after reinstallation of XP2?
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Can I recover Outlook 2007 contacts and calendar after reinstallation of XP2?

Microsoft applications include a variety of software programs, including development and digital authoring programs (Expression and Media Center), educational programs, Internet software, including Essentials, Skype and the Live family, anti-virus, productivity applications and suites like Office, Excel, Word, Outlook, Access and PowerPoint, video games and server applications such as Exchange, SharePoint, IIS and Virtual Server.

Microsoft Applications

Office Productivity refers both to the act of being productive and efficient in an office or professional environment, as well as the software applications used to "produce" information. This includes the development of professional skills, creating work processes, and almost any program used to create or modify a document, image, audio or video clip. However, business application suites such as Microsoft Office, which include word processing, spreadsheet and presentation programs, are typically called productivity software, as contrasted with a "utility program," such as a file manager, which is used to organize files and folders on the computer. Many office- and business-oriented groups of programs are organized into suites.

Office Productivity

Microsoft Outlook is a personal information manager from Microsoft, available as a part of the Microsoft Office suite. Although often used mainly as an email application, it also includes a calendar, task manager, contact manager, note-taker, journal, and web browser.