This is a very strange error to me. If you copy text from any application on the computer and then:
Open Outlook (2007)
Go to Contacts
Click on "New" contacts to create a new one
Then go to paste the text
I looked at the Clipboard/book viewer and you can actually see the data disappear on opening the "New" contact window.
This only occurs on one computer in the company.
On opening the Clipboard viewer I also get the following error message
"The Clipbook service is unavailable or is not started. Contact your system administrator to have this service started"
This occurs on all the computers anyway but they do not have the cut,copy or paste issue.