Exchange is the server side of a collaborative application product that is part of the Microsoft Server infrastructure. Exchange's major features include email, calendaring, contacts and tasks, support for mobile and web-based access to information, and support for data storage.
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I checked the Virtual Directory permissions and found they where not as expected. Changed them to what they should have been and rebooted the email server. The reboot was necessary. An IIS reset was not enough. This fixed my problem