WTF!?

How did this go so long without being noticed by either the developers
or the community?
I have not verified this myself.

"I actually tested this on my work desktop, and I can verify that the
below is accurate.

Screenshots for those that ask.

http://it.slashdot.org/it/07/09/24/2339203.shtml
http://groups.google.com/group/microsoft.public.excel/browse_thread/thread/2bcad1a1a4861879/2f8806d5400dfe22?hl=en#2f8806d5400dfe22

 tibbar66 writes with news of a serious multiplication bug in Excel
2007, which has been reported to the company. The example that first
came to light is =850*77.1 — which gives a result of 100,000 instead
of the correct 65,535. It seems that any formula that should evaluate
to 65,535 will act strangely. One poster in the forum noted these
behaviors: "Suppose the formula is in A1. =A1+1 returns 100,001, which
appears to show the formula is in fact 100,000... =A1*2 returns
131,070, as if A1 had 65,535 (which it should have been). =A1*1 keeps
it at 100,000. =A1-1 returns 65,534. =A1/1 is still 100,000. =A1/2
returns 32767.5." "

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